Golub Capital BDC, Inc. (NASDAQ:GBDC) Stock Holdings Boosted by M&T Bank Corp

M&T Bank Corp raised its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 14.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,397 shares of the investment management company’s stock after acquiring an additional 3,000 shares during the quarter. M&T Bank Corp’s holdings in Golub Capital BDC were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Future Financial Wealth Managment LLC boosted its position in Golub Capital BDC by 130.0% during the first quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company’s stock worth $45,000 after purchasing an additional 1,690 shares during the period. Optiver Holding B.V. boosted its holdings in 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 acquiring an additional 688 shares during the last quarter. Hurley Capital LLC bought a new position in Golub Capital BDC during the fourth quarter worth about $50,000. Hexagon Capital Partners LLC lifted its holdings in shares of Golub Capital BDC by 31.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company’s stock valued at $55,000 after purchasing an additional 868 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Golub Capital BDC by 794.3% in the 1st quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company’s stock valued at $91,000 after acquiring an additional 5,330 shares in the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on GBDC shares. Bank of America decreased their price objective on Golub Capital BDC from $16.50 to $15.50 and set a “buy” rating on the stock in a report on Monday, May 12th. Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods dropped their price target on Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company decreased 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 note 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, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and an average target price of $15.50.

Golub Capital BDC Price Performance

NASDAQ:GBDC opened at $15.48 on Friday. The business’s 50-day moving average is $14.90 and its 200 day moving average is $14.94. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.19. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.01. The company has a market capitalization of $4.12 billion, a P/E ratio of 13.70 and a beta of 0.51.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The firm had revenue of $211.10 million during the quarter, compared to the consensus estimate of $223.89 million. Golub Capital BDC had a return on equity of 10.59% and a net margin of 35.50%. During the same period last year, the company earned $0.55 EPS. On average, equities research analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.08%. The ex-dividend date was Friday, June 13th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 138.05%.

Insiders Place Their Bets

In other news, Chairman Lawrence E. Golub purchased 6,059,971 shares of Golub Capital BDC stock in a transaction dated 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 transaction, the chairman owned 6,059,971 shares in the company, valued at $91,687,361.23. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.60% of the company’s stock.

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.