Brown Advisory Inc. raised its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC – Free Report) by 9.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,990 shares of the investment management company’s stock after purchasing an additional 12,196 shares during the period. Brown Advisory Inc. owned about 0.08% of Golub Capital BDC worth $1,953,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of GBDC. Millennium Management LLC raised its position in Golub Capital BDC by 304.4% during the 4th quarter. Millennium Management LLC now owns 2,083,931 shares of the investment management company’s stock valued at $27,425,000 after purchasing an additional 1,568,572 shares in the last quarter. LSV Asset Management raised its position in Golub Capital BDC by 1,668.7% during the 1st quarter. LSV Asset Management now owns 824,216 shares of the investment management company’s stock valued at $11,176,000 after purchasing an additional 777,616 shares in the last quarter. Ares Management LLC raised its position in Golub Capital BDC by 23.3% during the 1st quarter. Ares Management LLC now owns 2,628,419 shares of the investment management company’s stock valued at $39,978,000 after purchasing an additional 497,391 shares in the last quarter. Coastal Bridge Advisors LLC bought a new stake in Golub Capital BDC during the 4th quarter valued at $5,748,000. Finally, Victory Capital Management Inc. raised its position in Golub Capital BDC by 1,703.8% during the 4th quarter. Victory Capital Management Inc. now owns 339,519 shares of the investment management company’s stock valued at $4,651,000 after purchasing an additional 320,697 shares in the last quarter. 40.91% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Golub Capital BDC news, Director Anita J. Rival bought 8,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were purchased at an average cost of $13.02 per share, for a total transaction of $104,160.00. Following the purchase, the director now directly owns 69,000 shares in the company, valued at $898,380. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is owned by company insiders.
Golub Capital BDC Trading Down 0.1 %
Golub Capital BDC Dividend Announcement
The firm also recently announced a Variable dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, August 17th. Golub Capital BDC’s dividend payout ratio (DPR) is 136.08%.
Wall Street Analysts Forecast Growth
GBDC has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on Golub Capital BDC from $13.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 9th. Raymond James upgraded Golub Capital BDC from a “market perform” rating to an “outperform” rating and set a $15.50 price target on the stock in a report on Wednesday, August 9th. Oppenheimer lifted their price target on Golub Capital BDC from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Finally, StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.50.
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.
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