Amplius Wealth Advisors LLC Raises Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Amplius Wealth Advisors LLC grew its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 8.7% during the third quarter, Holdings Channel reports. The firm owned 48,224 shares of the investment management company’s stock after purchasing an additional 3,841 shares during the period. Amplius Wealth Advisors LLC’s holdings in Golub Capital BDC were worth $729,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Van ECK Associates Corp grew its position in Golub Capital BDC by 22.3% in the 2nd quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock worth $55,190,000 after purchasing an additional 640,866 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Golub Capital BDC by 5.0% in the third quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company’s stock valued at $43,560,000 after acquiring an additional 137,813 shares in the last quarter. Allen Investment Management LLC increased its position in shares of Golub Capital BDC by 6.9% during the second quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock valued at $35,297,000 after acquiring an additional 145,761 shares during the last quarter. Northeast Financial Consultants Inc increased its position in shares of Golub Capital BDC by 151.8% during the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after acquiring an additional 1,268,442 shares during the last quarter. Finally, Arnhold LLC lifted its holdings in Golub Capital BDC by 0.8% during the second quarter. Arnhold LLC now owns 1,319,200 shares of the investment management company’s stock worth $20,725,000 after acquiring an additional 11,000 shares during the period. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Lawrence E. Golub purchased 20,000 shares of Golub Capital BDC stock in a transaction dated Thursday, September 5th. The stock was bought at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the transaction, the chairman now owns 1,998,880 shares in the company, valued at $29,803,300.80. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Chairman Lawrence E. Golub acquired 20,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was bought at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the transaction, the chairman now owns 1,998,880 shares of the company’s stock, valued at $29,803,300.80. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anita J. Rival bought 26,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the acquisition, the director now directly owns 95,000 shares in the company, valued at $1,368,000. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 146,000 shares of company stock worth $2,159,400 over the last 90 days. Corporate insiders own 2.70% of the company’s stock.

Golub Capital BDC Trading Up 0.7 %

Shares of GBDC opened at $15.35 on Thursday. Golub Capital BDC, Inc. has a fifty-two week low of $14.02 and a fifty-two week high of $17.72. The business has a 50-day moving average of $14.90 and a 200 day moving average of $15.70. The firm has a market cap of $2.63 billion, a P/E ratio of 7.56 and a beta of 0.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01.

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). Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. The business had revenue of $171.27 million during the quarter, compared to analysts’ expectations of $205.24 million. During the same quarter in the previous year, the business earned $0.44 EPS. As a group, research analysts forecast that Golub Capital BDC, Inc. will post 1.92 EPS for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, August 30th. This represents a $1.56 dividend on an annualized basis and a yield of 10.16%. Golub Capital BDC’s payout ratio is 76.85%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods reduced their price target on shares of 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. Wells Fargo & Company lowered their price objective 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, 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $16.40.

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.