The Manufacturers Life Insurance Company Takes Position in Golub Capital BDC, Inc. $GBDC

The Manufacturers Life Insurance Company purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 70,893 shares of the investment management company’s stock, valued at approximately $913,000.

A number of other hedge funds have also bought and sold shares of the business. Allworth Financial LP acquired a new stake in Golub Capital BDC in the 2nd quarter worth about $25,000. Burk Holdings LLC acquired a new position in shares of Golub Capital BDC during the 2nd quarter worth approximately $30,000. Main Street Group LTD bought a new position in shares of Golub Capital BDC during the first quarter worth approximately $47,000. Fifth Third Bancorp bought a new position in shares of Golub Capital BDC during the first quarter worth approximately $68,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Golub Capital BDC in the third quarter valued at approximately $77,000. 42.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Golub Capital BDC news, Director Lawrence Golub sold 1,676,387 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $13.06, for a total transaction of $21,893,614.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by insiders.

Golub Capital BDC Price Performance

GBDC stock opened at $13.00 on Friday. The company’s 50-day moving average price is $13.01 and its two-hundred day moving average price is $12.85. The firm has a market cap of $3.38 billion, a P/E ratio of 20.00 and a beta of 0.39. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.22. Golub Capital BDC, Inc. has a 12 month low of $11.77 and a 12 month high of $14.85.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $98.53 million during the quarter, compared to the consensus estimate of $189.91 million. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, analysts anticipate that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 10.2%. The ex-dividend date is Monday, September 14th. Golub Capital BDC’s payout ratio is currently 203.08%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Keefe, Bruyette & Woods cut their target price on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.90.

Golub Capital BDC Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.