Geneos Wealth Management Inc. cut its position in Golub Capital BDC, Inc. (NASDAQ:GBDC – Get Rating) by 8.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,077 shares of the investment management company's stock after selling 6,211 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Golub Capital BDC were worth $888,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Jag Capital Management LLC bought a new position in Golub Capital BDC in the first quarter worth about $343,000. Neville Rodie & Shaw Inc. increased its holdings in shares of Golub Capital BDC by 1.7% during the first quarter. Neville Rodie & Shaw Inc. now owns 113,265 shares of the investment management company's stock valued at $1,730,000 after acquiring an additional 1,870 shares in the last quarter. Mckinley Capital Management LLC Delaware increased its holdings in shares of Golub Capital BDC by 0.8% during the first quarter. Mckinley Capital Management LLC Delaware now owns 472,853 shares of the investment management company's stock valued at $7,192,000 after acquiring an additional 3,692 shares in the last quarter. Tranquility Partners LLC increased its holdings in shares of Golub Capital BDC by 6.8% during the first quarter. Tranquility Partners LLC now owns 305,128 shares of the investment management company's stock valued at $4,641,000 after acquiring an additional 19,354 shares in the last quarter. Finally, Horan Securities Inc. acquired a new position in shares of Golub Capital BDC during the first quarter valued at about $41,000. 42.64% of the stock is currently owned by institutional investors.
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Insider Activity at Golub Capital BDC
In other news, Director Anita J. Rival bought 10,000 shares of the company's stock in a transaction that occurred on Friday, August 26th. The shares were purchased at an average price of $13.91 per share, for a total transaction of $139,100.00. Following the completion of the transaction, the director now directly owns 61,000 shares in the company, valued at $848,510. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.30% of the stock is owned by insiders.
Golub Capital BDC Stock Performance
GBDC opened at $13.10 on Wednesday. Golub Capital BDC, Inc. has a 52-week low of $11.94 and a 52-week high of $16.23. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.21. The company has a market cap of $2.24 billion, a P/E ratio of 10.32 and a beta of 0.64. The firm's 50-day moving average price is $13.59 and its 200-day moving average price is $14.02.
Golub Capital BDC Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Friday, September 2nd were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, September 1st. This represents a $1.20 annualized dividend and a dividend yield of 9.16%. Golub Capital BDC's dividend payout ratio (DPR) is currently 94.49%.
About Golub Capital BDC
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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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