Truvestments Capital LLC Acquires 5,697 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Truvestments Capital LLC boosted its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 3.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,984 shares of the investment management company’s stock after purchasing an additional 5,697 shares during the quarter. Truvestments Capital LLC owned approximately 0.09% of Golub Capital BDC worth $2,402,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Hexagon Capital Partners LLC boosted its position in shares of Golub Capital BDC by 171.5% during the third quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock worth $32,000 after acquiring an additional 1,355 shares during the last quarter. Allworth Financial LP lifted its stake in Golub Capital BDC by 135.6% in the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after purchasing an additional 1,347 shares in the last quarter. Cove Street Capital LLC bought a new position in shares of Golub Capital BDC during the 2nd quarter valued at about $39,000. Quarry LP purchased a new position in shares of Golub Capital BDC during the second quarter valued at about $61,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Golub Capital BDC in the second quarter worth about $71,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Performance

NASDAQ GBDC opened at $15.39 on Monday. The business’s 50 day moving average price is $15.20 and its 200-day moving average price is $15.41. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The company has a market cap of $2.64 billion, a P/E ratio of 10.85 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.14%. The ex-dividend date of this dividend is Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is 110.64%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GBDC shares. Oppenheimer reissued an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th. StockNews.com lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday. Wells Fargo & Company decreased their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.40.

Insider Activity

In other news, Chairman Lawrence E. Golub purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was 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. This trade represents a 1.06 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have bought 60,000 shares of company stock valued at $897,200. 0.01% of the stock is currently owned by company insiders.

Golub Capital BDC Company 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.