Golub Capital BDC (NASDAQ:GBDC) Director Lawrence Golub Sells 1,676,387 Shares

Golub Capital BDC, Inc. (NASDAQ:GBDC) Director Lawrence Golub sold 1,676,387 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $13.06, for a total value of $21,893,614.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $13.18 on Wednesday. The firm has a market capitalization of $3.42 billion, a P/E ratio of 20.28 and a beta of 0.39. Golub Capital BDC, Inc. has a 1 year low of $11.77 and a 1 year high of $14.93. The business has a 50-day moving average of $12.88 and a 200-day moving average of $12.84. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.The company had revenue of $98.53 million during the quarter, compared to analysts’ expectations of $189.91 million. During the same period in the prior year, the business posted $0.39 EPS. On average, equities analysts anticipate that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be issued a $0.33 dividend. The ex-dividend date is Monday, September 14th. This represents a $1.32 annualized dividend and a yield of 10.0%. Golub Capital BDC’s dividend payout ratio (DPR) is 203.08%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Oppenheimer reissued an “outperform” rating and issued a $14.00 price target on shares of Golub Capital BDC in a report on Wednesday, May 6th. Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday. Keefe, Bruyette & Woods reduced their target price on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Royal Bank Of Canada decreased their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GBDC. Strs Ohio lifted its position in Golub Capital BDC by 2.6% in the 1st quarter. Strs Ohio now owns 17,140,532 shares of the investment management company’s stock valued at $216,999,000 after acquiring an additional 435,772 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Golub Capital BDC by 53.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company’s stock worth $53,158,000 after purchasing an additional 1,368,759 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Golub Capital BDC by 5.7% in the 3rd quarter. Bank of America Corp DE now owns 3,829,788 shares of the investment management company’s stock valued at $52,430,000 after purchasing an additional 207,998 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of Golub Capital BDC by 4.1% in the first quarter. Sound Income Strategies LLC now owns 3,750,533 shares of the investment management company’s stock valued at $46,882,000 after purchasing an additional 147,734 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its position in shares of Golub Capital BDC by 17.9% during the first quarter. OMERS ADMINISTRATION Corp now owns 3,559,646 shares of the investment management company’s stock worth $45,065,000 after buying an additional 540,498 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

About Golub Capital BDC

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.