Golub Capital BDC Inc (NASDAQ:GBDC) major shareholder Ohio Strs purchased 403,046 shares of the stock in a transaction on Tuesday, January 7th. The stock was acquired at an average cost of $17.60 per share, for a total transaction of $7,093,609.60. Following the completion of the acquisition, the insider now owns 15,870,054 shares of the company’s stock, valued at approximately $279,312,950.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
GBDC stock opened at $18.29 on Friday. The company’s 50-day simple moving average is $18.24 and its 200-day simple moving average is $18.17. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.95. Golub Capital BDC Inc has a 52-week low of $16.65 and a 52-week high of $19.14. The firm has a market cap of $2.43 billion, a P/E ratio of 14.40, a PEG ratio of 7.23 and a beta of 0.54.
Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, November 25th. The investment management company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. Golub Capital BDC had a negative net margin of 10.78% and a positive return on equity of 6.51%. The business had revenue of $48.98 million for the quarter, compared to analyst estimates of $53.23 million. During the same period in the prior year, the company posted $0.34 EPS. On average, analysts anticipate that Golub Capital BDC Inc will post 1.26 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of GBDC. Strs Ohio purchased a new stake in shares of Golub Capital BDC during the 3rd quarter worth about $291,398,000. Stephens Inc. AR purchased a new stake in shares of Golub Capital BDC during the 3rd quarter worth about $16,612,000. Regentatlantic Capital LLC purchased a new stake in shares of Golub Capital BDC during the 3rd quarter worth about $15,490,000. Zeke Capital Advisors LLC purchased a new stake in shares of Golub Capital BDC during the 3rd quarter worth about $11,195,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Golub Capital BDC by 19.2% during the 3rd quarter. Sound Income Strategies LLC now owns 1,181,477 shares of the investment management company’s stock worth $22,259,000 after acquiring an additional 190,401 shares in the last quarter. 31.82% of the stock is currently owned by institutional investors and hedge funds.
GBDC has been the topic of several recent research reports. Zacks Investment Research lowered shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Monday, December 2nd. TheStreet lowered shares of Golub Capital BDC from a “b-” rating to a “c” rating in a report on Wednesday, November 27th. Keefe, Bruyette & Woods raised shares of Golub Capital BDC from a “market perform” rating to an “outperform” rating in a report on Monday, November 18th. Finally, BidaskClub lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $21.00.
About Golub Capital BDC
Golub Capital BDC, Inc 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. The company seeks to invest in the United States.
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