Legal & General Group Plc lifted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 13.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,013 shares of the investment management company’s stock after acquiring an additional 17,800 shares during the quarter. Legal & General Group Plc’s holdings in Golub Capital BDC were worth $2,867,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GBDC. Bank of New York Mellon Corp increased its position in shares of Golub Capital BDC by 19.1% during the first quarter. Bank of New York Mellon Corp now owns 2,734,145 shares of the investment management company’s stock valued at $54,355,000 after acquiring an additional 439,011 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Golub Capital BDC during the first quarter valued at approximately $442,000. Parametric Portfolio Associates LLC increased its position in shares of Golub Capital BDC by 1.2% during the first quarter. Parametric Portfolio Associates LLC now owns 47,960 shares of the investment management company’s stock valued at $953,000 after acquiring an additional 553 shares during the last quarter. Mckinley Capital Management LLC Delaware increased its position in shares of Golub Capital BDC by 27.1% during the first quarter. Mckinley Capital Management LLC Delaware now owns 189,000 shares of the investment management company’s stock valued at $3,757,000 after acquiring an additional 40,285 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Golub Capital BDC by 10.0% during the first quarter. Schroder Investment Management Group now owns 1,030,902 shares of the investment management company’s stock valued at $20,329,000 after acquiring an additional 93,867 shares during the last quarter. 41.58% of the stock is owned by institutional investors.

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In other Golub Capital BDC news, Director William M. Iv Webster acquired 5,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were acquired at an average cost of $18.46 per share, with a total value of $92,300.00. Following the transaction, the director now owns 136,514 shares of the company’s stock, valued at approximately $2,520,048.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) opened at 18.37 on Tuesday. Golub Capital BDC, Inc. has a 12 month low of $17.34 and a 12 month high of $20.50. The company’s 50 day moving average price is $18.91 and its 200-day moving average price is $19.49.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, August 7th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $35.40 million for the quarter, compared to analysts’ expectations of $35.11 million. Golub Capital BDC had a return on equity of 7.86% and a net margin of 53.62%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS. Equities analysts predict that Golub Capital BDC, Inc. will post $1.25 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 6th will be given a $0.32 dividend. The ex-dividend date is Friday, September 1st. This represents a $1.28 annualized dividend and a yield of 6.97%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 96.24%.

A number of brokerages recently commented on GBDC. National Securities reaffirmed a “neutral” rating and set a $19.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 9th. BidaskClub downgraded Golub Capital BDC from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.50 price target on shares of Golub Capital BDC in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $19.60.

About Golub Capital BDC

Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.

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Institutional Ownership by Quarter for Golub Capital BDC (NASDAQ:GBDC)

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