Mid American Wealth Advisory Group Inc. lowered its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC – Get Rating) by 50.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,334 shares of the investment management company's stock after selling 43,772 shares during the period. Mid American Wealth Advisory Group Inc.'s holdings in Golub Capital BDC were worth $644,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC raised its position in shares of Golub Capital BDC by 90.2% in the first quarter. Cerity Partners LLC now owns 2,345,089 shares of the investment management company's stock worth $35,668,000 after buying an additional 1,111,973 shares in the last quarter. Border to Coast Pensions Partnership Ltd purchased a new stake in shares of Golub Capital BDC in the first quarter worth $7,798,000. Van ECK Associates Corp raised its position in Golub Capital BDC by 32.1% during the first quarter. Van ECK Associates Corp now owns 2,110,906 shares of the investment management company's stock valued at $32,106,000 after purchasing an additional 512,741 shares in the last quarter. Ares Management LLC raised its position in Golub Capital BDC by 23.3% during the first 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. Finally, HB Wealth Management LLC purchased a new stake in Golub Capital BDC during the fourth quarter valued at about $5,527,000. Hedge funds and other institutional investors own 42.64% of the company's stock.
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Golub Capital BDC Trading Up 0.1 %
Shares of NASDAQ:GBDC traded up $0.02 on Wednesday, reaching $13.52. 4,946 shares of the company traded hands, compared to its average volume of 846,742. The business's 50-day simple moving average is $13.81 and its 200 day simple moving average is $14.26. Golub Capital BDC, Inc. has a 52 week low of $12.62 and a 52 week high of $16.23. The stock has a market capitalization of $2.31 billion, a P/E ratio of 10.63 and a beta of 0.58. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.21.
Golub Capital BDC Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Friday, September 2nd will be paid a $0.30 dividend. The ex-dividend date is Thursday, September 1st. This represents a $1.20 annualized dividend and a dividend yield of 8.88%. Golub Capital BDC's payout ratio is presently 94.49%.
Analyst Upgrades and Downgrades
Separately, TheStreet downgraded Golub Capital BDC from a "b-" rating to a "c" rating in a research report on Wednesday, June 1st.
Insider Buying and Selling
In other Golub Capital BDC news, Director Anita J. Rival bought 10,000 shares of the business's stock in a transaction that occurred on Friday, August 26th. The shares were bought at an average cost of $13.91 per share, with a total value of $139,100.00. Following the completion of the purchase, the director now directly owns 61,000 shares of the company's stock, valued at $848,510. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.30% of the stock is owned by insiders.
Golub Capital BDC Company Profile
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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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