13,900 Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC) Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC acquired a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,900 shares of the investment management company’s stock, valued at approximately $210,000.

Several other hedge funds have also recently made changes to their positions in GBDC. Sound Income Strategies LLC raised its position in shares of Golub Capital BDC by 4.2% in the 1st quarter. Sound Income Strategies LLC now owns 3,183,837 shares of the investment management company’s stock valued at $48,203,000 after purchasing an additional 128,457 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Golub Capital BDC by 2.1% in the fourth quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company’s stock valued at $36,169,000 after purchasing an additional 49,519 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Golub Capital BDC by 77.8% during the fourth quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company’s stock worth $33,559,000 after purchasing an additional 968,525 shares during the last quarter. Millennium Management LLC grew its holdings in Golub Capital BDC by 168.0% in the fourth quarter. Millennium Management LLC now owns 1,909,304 shares of the investment management company’s stock valued at $28,945,000 after purchasing an additional 1,196,800 shares during the last quarter. Finally, Arnhold LLC boosted its stake in Golub Capital BDC by 2.4% in the 4th quarter. Arnhold LLC now owns 1,412,589 shares of the investment management company’s stock worth $21,415,000 after buying an additional 32,500 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub bought 6,059,971 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average cost of $15.13 per share, for a total transaction of $91,687,361.23. Following the completion of the transaction, the chairman directly owned 6,059,971 shares of the company’s stock, valued at approximately $91,687,361.23. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on GBDC. Keefe, Bruyette & Woods reduced their price objective 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 raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Bank of America reduced their price objective on Golub Capital BDC from $16.50 to $15.50 and set a “buy” rating for the company in a research note on Monday, May 12th. Finally, Wells Fargo & Company dropped their target price on Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.50.

Golub Capital BDC Stock Up 0.7%

NASDAQ GBDC opened at $15.20 on Friday. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $16.08. The stock has a market capitalization of $4.05 billion, a PE ratio of 13.45 and a beta of 0.51. 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 business has a fifty day moving average price of $14.81 and a two-hundred day moving average price of $14.93.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $223.89 million. During the same period in the previous year, the firm earned $0.55 EPS. Equities analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.26%. The ex-dividend date of this dividend was Friday, June 13th. Golub Capital BDC’s dividend payout ratio (DPR) is currently 138.05%.

Golub Capital BDC Profile

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.