Tranquility Partners LLC Has $5.33 Million Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Tranquility Partners LLC lifted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 351,815 shares of the investment management company’s stock after purchasing an additional 9,470 shares during the quarter. Golub Capital BDC accounts for about 2.1% of Tranquility Partners LLC’s portfolio, making the stock its 8th biggest position. Tranquility Partners LLC owned about 0.13% of Golub Capital BDC worth $5,326,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Optiver Holding B.V. boosted its stake in Golub Capital BDC by 28.7% in the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company’s stock worth $47,000 after purchasing an additional 688 shares during the period. Signaturefd LLC lifted its holdings in shares of Golub Capital BDC by 0.7% in the fourth quarter. Signaturefd LLC now owns 106,746 shares of the investment management company’s stock valued at $1,618,000 after purchasing an additional 704 shares in the last quarter. Snowden Capital Advisors LLC boosted its position in shares of Golub Capital BDC by 0.4% during the fourth quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company’s stock worth $2,839,000 after buying an additional 814 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Golub Capital BDC by 36.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock worth $47,000 after buying an additional 827 shares in the last quarter. Finally, Sowell Financial Services LLC grew its holdings in shares of Golub Capital BDC by 6.0% during the first quarter. Sowell Financial Services LLC now owns 14,902 shares of the investment management company’s stock worth $226,000 after buying an additional 848 shares in the last quarter. Institutional investors own 42.38% of the company’s stock.

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average price of $15.13 per share, for a total transaction of $91,687,361.23. Following the purchase, the chairman now owns 6,059,971 shares in the company, valued at approximately $91,687,361.23. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GBDC shares. Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Bank of America reduced their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set a “buy” rating for the company in a report on Monday, May 12th. Wells Fargo & Company lowered their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Golub Capital BDC has an average rating of “Moderate Buy” and an average target price of $15.50.

Golub Capital BDC Trading Up 0.2%

NASDAQ GBDC opened at $14.45 on Friday. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.08. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.19. The stock has a 50 day moving average of $14.70 and a 200-day moving average of $14.95. The company has a market cap of $3.85 billion, a PE ratio of 12.79 and a beta of 0.52.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). Golub Capital BDC had a return on equity of 10.59% and a net margin of 35.50%. The firm had revenue of $211.10 million for the quarter, compared to the consensus estimate of $223.89 million. During the same period last year, the company posted $0.55 earnings per share. On average, equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.56 annualized dividend and a yield of 10.80%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 138.05%.

About Golub Capital BDC

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.