Simplicity Wealth LLC Takes $192,000 Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Simplicity Wealth LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 12,216 shares of the investment management company’s stock, valued at approximately $192,000.

Other hedge funds also recently added to or reduced their stakes in the company. Boston Partners acquired a new position in shares of Golub Capital BDC in the first quarter worth $12,126,000. Allen Investment Management LLC grew its stake in Golub Capital BDC by 29.6% during the 1st quarter. Allen Investment Management LLC now owns 2,101,032 shares of the investment management company’s stock worth $34,940,000 after purchasing an additional 479,339 shares in the last quarter. Van ECK Associates Corp increased its holdings in Golub Capital BDC by 16.1% during the 1st quarter. Van ECK Associates Corp now owns 2,872,157 shares of the investment management company’s stock worth $47,764,000 after purchasing an additional 399,231 shares during the period. Confluence Investment Management LLC purchased a new position in shares of Golub Capital BDC in the 1st quarter valued at about $5,509,000. Finally, Shikiar Asset Management Inc. increased its stake in shares of Golub Capital BDC by 187.5% during the fourth quarter. Shikiar Asset Management Inc. now owns 342,380 shares of the investment management company’s stock worth $5,170,000 after buying an additional 223,300 shares during the period. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GBDC has been the subject of a number of recent research reports. Raymond James cut shares of Golub Capital BDC from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Wells Fargo & Company lowered their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. StockNews.com cut Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods lowered their price objective on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Oppenheimer reissued an “outperform” rating and set a $17.00 target price on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Golub Capital BDC presently has an average rating of “Moderate Buy” and an average target price of $16.40.

Insiders Place Their Bets

In related news, CEO David Golub purchased 450,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were purchased at an average price of $16.03 per share, with a total value of $7,213,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,718,880 shares in the company, valued at approximately $27,553,646.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Chairman Lawrence E. Golub bought 62,267 shares of the stock in a transaction dated Friday, June 7th. The shares were acquired at an average price of $16.06 per share, with a total value of $1,000,008.02. Following the completion of the acquisition, the chairman now directly owns 1,268,880 shares in the company, valued at $20,378,212.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David Golub purchased 450,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were purchased at an average price of $16.03 per share, for a total transaction of $7,213,500.00. Following the completion of the purchase, the chief executive officer now owns 1,718,880 shares of the company’s stock, valued at $27,553,646.40. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 627,015 shares of company stock valued at $10,010,538. Insiders own 2.70% of the company’s stock.

Golub Capital BDC Stock Performance

NASDAQ GBDC opened at $14.36 on Tuesday. The company has a fifty day moving average of $15.53 and a two-hundred day moving average of $15.97. The company has a market capitalization of $2.46 billion, a PE ratio of 7.07 and a beta of 0.52. Golub Capital BDC, Inc. has a 1 year low of $13.95 and a 1 year high of $17.72. The company has a debt-to-equity ratio of 1.26, a current ratio of 6.29 and a quick ratio of 6.29.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $171.27 million during the quarter, compared to analysts’ expectations of $205.24 million. Golub Capital BDC had a net margin of 53.05% and a return on equity of 13.03%. During the same period in the previous year, the firm posted $0.44 earnings per share. As a group, analysts expect that Golub Capital BDC, Inc. will post 1.95 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.86%. The ex-dividend date of this dividend is Friday, August 30th. Golub Capital BDC’s payout ratio is currently 76.85%.

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.