Shikiar Asset Management Inc. Raises Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Shikiar Asset Management Inc. raised its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 8.7% during the third quarter, Holdings Channel.com reports. The firm owned 449,080 shares of the investment management company’s stock after purchasing an additional 36,100 shares during the quarter. Golub Capital BDC accounts for about 1.8% of Shikiar Asset Management Inc.’s portfolio, making the stock its 21st largest position. Shikiar Asset Management Inc.’s holdings in Golub Capital BDC were worth $6,786,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GBDC. Chicago Partners Investment Group LLC grew its holdings in Golub Capital BDC by 4.3% during the 4th quarter. Chicago Partners Investment Group LLC now owns 18,575 shares of the investment management company’s stock worth $286,000 after acquiring an additional 771 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Golub Capital BDC by 223.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,000 shares of the investment management company’s stock valued at $211,000 after buying an additional 9,676 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in Golub Capital BDC by 64.4% during the 4th quarter. Quadrature Capital Ltd now owns 24,188 shares of the investment management company’s stock worth $365,000 after buying an additional 9,472 shares during the last quarter. Confluence Investment Management LLC acquired a new position in shares of Golub Capital BDC during the 1st quarter worth about $5,509,000. Finally, Neville Rodie & Shaw Inc. increased its holdings in shares of Golub Capital BDC by 1.2% in the 1st quarter. Neville Rodie & Shaw Inc. now owns 53,842 shares of the investment management company’s stock valued at $895,000 after acquiring an additional 622 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC opened at $15.09 on Friday. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average price of $14.86 and a 200 day moving average price of $15.72. Golub Capital BDC, Inc. has a 52 week low of $14.02 and a 52 week high of $17.72. The company has a market cap of $2.59 billion, a P/E ratio of 7.43 and a beta of 0.53.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The business 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 42.14% and a return on equity of 11.99%. During the same quarter last year, the firm earned $0.44 earnings per share. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.34%. The ex-dividend date was Friday, August 30th. Golub Capital BDC’s dividend payout ratio (DPR) is 76.85%.

Insider Buying and Selling

In related news, Director Anita J. Rival bought 26,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $14.40 per share, with a total value of $374,400.00. Following the completion of the acquisition, the director now owns 95,000 shares in the company, valued at approximately $1,368,000. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were purchased at an average cost of $15.04 per share, with a total value of $300,800.00. Following the purchase, the chairman now owns 1,898,880 shares in the company, valued at approximately $28,559,155.20. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Anita J. Rival bought 26,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired 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 $1,368,000. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 146,000 shares of company stock valued at $2,159,400. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on 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. Oppenheimer reaffirmed an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods lowered their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Golub Capital BDC has an average rating of “Moderate Buy” and an average 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.