William M. Iv Webster Buys 1,634 Shares of Golub Capital BDC Inc (GBDC) Stock

Golub Capital BDC Inc (NASDAQ:GBDC) Director William M. Iv Webster bought 1,634 shares of the stock in a transaction dated Monday, February 12th. The shares were acquired at an average cost of $17.96 per share, for a total transaction of $29,346.64. Following the completion of the acquisition, the director now directly owns 138,148 shares of the company’s stock, valued at approximately $2,481,138.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Golub Capital BDC Inc (NASDAQ:GBDC) traded up $0.35 on Tuesday, hitting $18.26. 352,000 shares of the stock traded hands, compared to its average volume of 295,659. Golub Capital BDC Inc has a 12 month low of $17.35 and a 12 month high of $20.50. The company has a market capitalization of $1,069.97, a PE ratio of 12.77, a PEG ratio of 1.41 and a beta of 0.65. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.46 and a quick ratio of 3.46.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Wednesday, February 7th. The investment management company reported $0.32 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Golub Capital BDC had a net margin of 58.64% and a return on equity of 7.94%. The company had revenue of $36.45 million for the quarter, compared to analysts’ expectations of $35.22 million. During the same period last year, the firm earned $0.34 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. sell-side analysts forecast that Golub Capital BDC Inc will post 1.27 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 8th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, March 7th. This represents a $1.28 dividend on an annualized basis and a yield of 7.01%. Golub Capital BDC’s dividend payout ratio (DPR) is 67.13%.

GBDC has been the topic of several recent research reports. National Securities reaffirmed a “neutral” rating and set a $19.00 target price on shares of Golub Capital BDC in a report on Wednesday, November 22nd. Zacks Investment Research cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, November 23rd. ValuEngine raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Finally, BidaskClub raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $20.38.

A number of large investors have recently made changes to their positions in GBDC. Arrowstreet Capital Limited Partnership increased its stake in Golub Capital BDC by 120.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 634,791 shares of the investment management company’s stock valued at $11,553,000 after acquiring an additional 346,596 shares during the last quarter. Wells Fargo & Company MN increased its stake in Golub Capital BDC by 15.7% in the third quarter. Wells Fargo & Company MN now owns 1,460,439 shares of the investment management company’s stock valued at $27,486,000 after acquiring an additional 198,503 shares during the last quarter. Atlantic Trust Group LLC increased its stake in Golub Capital BDC by 388.8% in the third quarter. Atlantic Trust Group LLC now owns 138,334 shares of the investment management company’s stock valued at $2,603,000 after acquiring an additional 110,034 shares during the last quarter. Novare Capital Management LLC increased its stake in Golub Capital BDC by 350.6% in the fourth quarter. Novare Capital Management LLC now owns 134,950 shares of the investment management company’s stock valued at $2,456,000 after acquiring an additional 105,000 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in Golub Capital BDC by 34.7% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 305,734 shares of the investment management company’s stock valued at $5,753,000 after acquiring an additional 78,720 shares during the last quarter. 40.56% of the stock is currently owned by institutional investors and hedge funds.

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About Golub Capital BDC

Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.

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