UMB Bank n.a. Cuts Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

UMB Bank n.a. lowered its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 52.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,826 shares of the investment management company’s stock after selling 9,678 shares during the quarter. UMB Bank n.a.’s holdings in Golub Capital BDC were worth $134,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GBDC. Amplius Wealth Advisors LLC increased its holdings in shares of Golub Capital BDC by 1.8% in the first quarter. Amplius Wealth Advisors LLC now owns 51,157 shares of the investment management company’s stock worth $775,000 after purchasing an additional 926 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in Golub Capital BDC by 34.3% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 329,748 shares of the investment management company’s stock valued at $4,992,000 after buying an additional 84,129 shares in the last quarter. Silverberg Bernstein Capital Management LLC increased its stake in Golub Capital BDC by 5.2% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 63,200 shares of the investment management company’s stock worth $957,000 after acquiring an additional 3,100 shares during the last quarter. Future Financial Wealth Managment LLC increased its stake in Golub Capital BDC by 130.0% in the 1st quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company’s stock worth $45,000 after acquiring an additional 1,690 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Golub Capital BDC by 4.5% during the 1st quarter. Parallel Advisors LLC now owns 218,694 shares of the investment management company’s stock worth $3,311,000 after acquiring an additional 9,330 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Analyst Ratings Changes

GBDC has been the subject of a number of recent research reports. Wells Fargo & Company cut their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods decreased their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, Bank of America dropped their price target on Golub Capital BDC from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Monday, May 12th. Two analysts have rated the stock with a hold rating and three have issued 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 $15.50.

Golub Capital BDC Stock Down 0.4%

NASDAQ GBDC opened at $15.22 on Thursday. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.08. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 11.03 and a beta of 0.52. The company has a fifty day moving average of $14.50 and a two-hundred day moving average of $15.02.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The firm had revenue of $211.10 million for the quarter, compared to analysts’ expectations of $223.89 million. Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. During the same period in the prior year, the firm posted $0.55 earnings per share. On average, analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, June 13th. This represents a $1.56 annualized dividend and a dividend yield of 10.25%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 138.05%.

Insider Activity

In related news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were purchased at an average cost of $15.13 per share, for a total transaction of $91,687,361.23. Following the completion of the acquisition, the chairman now owns 6,059,971 shares in the company, valued at approximately $91,687,361.23. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.60% 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.