Waterloo Capital L.P. Raises Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Waterloo Capital L.P. grew its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 11.6% during the second quarter, HoldingsChannel.com reports. The fund owned 158,911 shares of the investment management company’s stock after buying an additional 16,581 shares during the quarter. Waterloo Capital L.P.’s holdings in Golub Capital BDC were worth $2,496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Brown Brothers Harriman & Co. purchased a new stake in Golub Capital BDC in the second quarter worth approximately $71,000. Envestnet Asset Management Inc. boosted its stake in shares of Golub Capital BDC by 15.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 261,076 shares of the investment management company’s stock worth $4,102,000 after buying an additional 34,439 shares during the last quarter. Allen Investment Management LLC grew its holdings in shares of Golub Capital BDC by 6.9% in the second quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock worth $35,297,000 after acquiring an additional 145,761 shares during the period. Wealthspire Advisors LLC purchased a new stake in Golub Capital BDC during the second quarter valued at $834,000. Finally, Parallel Advisors LLC increased its position in Golub Capital BDC by 7.9% during the second quarter. Parallel Advisors LLC now owns 212,839 shares of the investment management company’s stock valued at $3,344,000 after acquiring an additional 15,642 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on GBDC. StockNews.com downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. Oppenheimer restated an “outperform” rating and set a $17.00 target price on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Wells Fargo & Company decreased their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.40.

Golub Capital BDC Trading Down 1.3 %

Golub Capital BDC stock opened at $14.86 on Wednesday. Golub Capital BDC, Inc. has a 12-month low of $13.95 and a 12-month high of $17.72. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 7.32 and a beta of 0.53. The firm has a 50 day moving average of $15.06 and a 200 day moving average of $15.84. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 1.06.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 11.99% and a net margin of 42.14%. During the same period last year, the company earned $0.44 earnings per share. As a group, research analysts predict that Golub Capital BDC, Inc. will post 1.92 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.56 dividend on an annualized basis and a yield of 10.50%. Golub Capital BDC’s dividend payout ratio is presently 76.85%.

Insider Activity

In other Golub Capital BDC news, CEO David Golub bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average price of $14.68 per share, for a total transaction of $293,600.00. Following the completion of the transaction, the chief executive officer now owns 1,738,880 shares of the company’s stock, valued at approximately $25,526,758.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO David Golub bought 20,000 shares of the stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of $14.68 per share, with a total value of $293,600.00. Following the completion of the acquisition, the chief executive officer now owns 1,738,880 shares of the company’s stock, valued at $25,526,758.40. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Anita J. Rival bought 26,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $14.40 per share, with a total value of $374,400.00. Following the transaction, the director now owns 95,000 shares of the company’s stock, valued at approximately $1,368,000. The disclosure for this purchase can be found here. Insiders have acquired 146,000 shares of company stock worth $2,159,400 over the last ninety days. Corporate insiders own 2.70% 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.