Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC boosted its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 24.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 13,092 shares of the investment management company’s stock after buying an additional 2,541 shares during the period. Cornerstone Wealth Management LLC’s holdings in Golub Capital BDC were worth $198,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Future Financial Wealth Managment LLC increased its stake in Golub Capital BDC by 130.0% during the 1st quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company’s stock worth $45,000 after buying an additional 1,690 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 827 shares in the last quarter. Optiver Holding B.V. grew its position in shares of Golub Capital BDC by 28.7% in the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 688 shares in the last quarter. Hurley Capital LLC purchased a new stake in shares of Golub Capital BDC in the fourth quarter valued at approximately $50,000. Finally, Empowered Funds LLC purchased a new stake in shares of Golub Capital BDC in the fourth quarter valued at approximately $173,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average price of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the acquisition, the chairman now directly owns 6,059,971 shares in the company, valued at $91,687,361.23. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GBDC shares. Keefe, Bruyette & Woods dropped their price target on Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Bank of America dropped their price target on Golub Capital BDC from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Monday, May 12th. Finally, Wells Fargo & Company dropped their price target on Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.50.

Golub Capital BDC Stock Down 0.7%

Golub Capital BDC stock opened at $14.61 on Friday. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.08. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.01 and a quick ratio of 3.01. The stock has a market cap of $3.89 billion, a PE ratio of 12.93 and a beta of 0.52. The stock’s fifty day moving average is $14.66 and its two-hundred day moving average is $14.98.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Golub Capital BDC had a net margin of 35.50% and a return on equity of 10.59%. The business had revenue of $211.10 million during the quarter, compared to analyst estimates of $223.89 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. On average, sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 10.68%. The ex-dividend date is Friday, June 13th. Golub Capital BDC’s payout ratio is 138.05%.

About Golub Capital BDC

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.