Golub Capital BDC, Inc. $GBDC Shares Newly Acquired by Krilogy Financial LLC

Krilogy Financial LLC acquired a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 79,081 shares of the investment management company’s stock, valued at approximately $958,000.

Other large investors also recently added to or reduced their stakes in the company. Strs Ohio grew its position in shares of Golub Capital BDC by 2.6% during the 1st quarter. Strs Ohio now owns 17,140,532 shares of the investment management company’s stock worth $216,999,000 after buying an additional 435,772 shares during the period. HighTower Advisors LLC boosted its stake in Golub Capital BDC by 4.2% in the second quarter. HighTower Advisors LLC now owns 7,345,885 shares of the investment management company’s stock valued at $94,615,000 after acquiring an additional 299,240 shares during the last quarter. Van ECK Associates Corp boosted its stake in Golub Capital BDC by 11.0% in the second quarter. Van ECK Associates Corp now owns 4,710,275 shares of the investment management company’s stock valued at $60,668,000 after acquiring an additional 466,249 shares during the last quarter. Corient Private Wealth LP bought a new position in Golub Capital BDC in the second quarter valued at approximately $50,833,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Golub Capital BDC during the 2nd quarter worth $47,015,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Golub Capital BDC news, Director Lawrence Golub sold 1,676,387 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $13.06, for a total value of $21,893,614.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Golub Capital BDC Trading Down 1.2%

NASDAQ GBDC traded down $0.15 during trading on Friday, reaching $12.12. 885,736 shares of the stock traded hands, compared to its average volume of 1,567,430. Golub Capital BDC, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $14.40. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.22. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 18.65 and a beta of 0.41. The stock’s 50-day moving average price is $12.72 and its 200 day moving average price is $12.88.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. The company had revenue of $98.53 million for the quarter, compared to analyst estimates of $189.91 million. During the same period last year, the business posted $0.39 earnings per share. Analysts predict that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 14th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend was Monday, September 14th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 203.08%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GBDC. Weiss Ratings lowered Golub Capital BDC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. Keefe, Bruyette & Woods decreased their price objective on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.90.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc is a business development company that provides financing to middle-market companies. The company primarily invests in privately owned businesses through senior secured loans, unitranche loans, second-lien loans, subordinated debt and, to a lesser extent, equity investments. Its objective is to generate current income and long-term capital appreciation by supporting companies across a range of industries.

Golub Capital BDC generally works with companies that are backed by private equity firms and provides customized financing for acquisitions, recapitalizations, refinancings, growth initiatives and other corporate purposes.