LPL Financial LLC Increases Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

LPL Financial LLC boosted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 16.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 424,266 shares of the investment management company’s stock after acquiring an additional 58,907 shares during the quarter. LPL Financial LLC owned 0.16% of Golub Capital BDC worth $6,423,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Allen Investment Management LLC raised its position in Golub Capital BDC by 11.9% during the first quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company’s stock valued at $62,615,000 after acquiring an additional 441,050 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of Golub Capital BDC by 4.2% in the first quarter. Sound Income Strategies LLC now owns 3,183,837 shares of the investment management company’s stock valued at $48,203,000 after buying an additional 128,457 shares in the last quarter. Sage Mountain Advisors LLC increased its position in shares of Golub Capital BDC by 9.4% in the first quarter. Sage Mountain Advisors LLC now owns 2,746,062 shares of the investment management company’s stock valued at $41,575,000 after buying an additional 236,613 shares in the last quarter. Bank of America Corp DE increased its position in shares of Golub Capital BDC by 77.8% in the fourth quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company’s stock valued at $33,559,000 after buying an additional 968,525 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of 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 buying an additional 1,196,800 shares in the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was bought at an average cost of $15.13 per share, with a total value of $91,687,361.23. Following the transaction, the chairman owned 6,059,971 shares of the company’s stock, valued at $91,687,361.23. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.60% of the stock is currently owned by company insiders.

Golub Capital BDC Price Performance

GBDC stock opened at $14.79 on Tuesday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $3.94 billion, a PE ratio of 10.42 and a beta of 0.51. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $16.00. The business’s fifty day moving average price is $14.92 and its 200 day moving average price is $14.91.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%. The company had revenue of $218.34 million for the quarter, compared to the consensus estimate of $215.47 million. During the same quarter in the prior year, the business earned $0.39 EPS. On average, sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a $0.39 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.5%. Golub Capital BDC’s dividend payout ratio is 109.86%.

Wall Street Analysts Forecast Growth

GBDC has been the subject of a number of recent analyst reports. 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.

Golub Capital BDC Company 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.