Insider Buying: Golub Capital BDC, Inc. (NASDAQ:GBDC) Chairman Buys 1,620 Shares of Stock

Golub Capital BDC, Inc. (NASDAQ:GBDC) Chairman Lawrence E. Golub bought 1,620 shares of the firm’s stock in a transaction that occurred on Monday, April 5th. The shares were purchased at an average cost of $14.98 per share, with a total value of $24,267.60. Following the transaction, the chairman now directly owns 125,389 shares of the company’s stock, valued at $1,878,327.22. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

NASDAQ GBDC opened at $15.24 on Thursday. The company has a fifty day simple moving average of $14.87 and a two-hundred day simple moving average of $14.14. The stock has a market cap of $2.55 billion, a P/E ratio of 108.86 and a beta of 0.69. Golub Capital BDC, Inc. has a 12-month low of $9.57 and a 12-month high of $15.43. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 0.84.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Sunday, February 7th. The investment management company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.28. The business had revenue of $74.05 million during the quarter, compared to analysts’ expectations of $77.23 million. Golub Capital BDC had a net margin of 18.35% and a return on equity of 7.95%. As a group, sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 30th. Shareholders of record on Friday, March 5th were issued a $0.29 dividend. The ex-dividend date was Thursday, March 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.61%. Golub Capital BDC’s dividend payout ratio is currently 95.08%.

Several hedge funds and other institutional investors have recently bought and sold shares of GBDC. Chiron Capital Management LLC purchased a new position in shares of Golub Capital BDC in the third quarter worth $26,000. FNY Investment Advisers LLC purchased a new position in shares of Golub Capital BDC in the fourth quarter worth $46,000. Arkadios Wealth Advisors purchased a new position in shares of Golub Capital BDC in the fourth quarter worth $97,000. Kings Point Capital Management purchased a new position in shares of Golub Capital BDC in the fourth quarter worth $97,000. Finally, Ancora Advisors LLC purchased a new position in shares of Golub Capital BDC in the fourth quarter worth $99,000. 36.89% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on GBDC shares. TheStreet cut shares of Golub Capital BDC from a “b” rating to a “c+” rating in a research report on Thursday, March 18th. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Wednesday.

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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Insider Buying and Selling by Quarter for Golub Capital BDC (NASDAQ:GBDC)

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