share_log

HB Wealth Management LLC Sells 374,030 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Defense World ·  Sep 25, 2022 06:11

HB Wealth Management LLC decreased its position in Golub Capital BDC, Inc. (NASDAQ:GBDC – Get Rating) by 76.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,577 shares of the investment management company's stock after selling 374,030 shares during the quarter. HB Wealth Management LLC owned 0.07% of Golub Capital BDC worth $1,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in GBDC. BNP Paribas Arbitrage SA bought a new stake in Golub Capital BDC in the 4th quarter worth approximately $257,000. Rockefeller Capital Management L.P. increased its stake in Golub Capital BDC by 22.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 308,851 shares of the investment management company's stock worth $4,768,000 after acquiring an additional 55,803 shares during the last quarter. Ares Management LLC increased its stake in Golub Capital BDC by 16.8% in the 4th quarter. Ares Management LLC now owns 2,131,028 shares of the investment management company's stock worth $32,903,000 after acquiring an additional 307,000 shares during the last quarter. Evercore Wealth Management LLC boosted its holdings in shares of Golub Capital BDC by 5.1% in the 4th quarter. Evercore Wealth Management LLC now owns 20,052 shares of the investment management company's stock worth $310,000 after purchasing an additional 975 shares during the period. Finally, Coastal Bridge Advisors LLC boosted its holdings in shares of Golub Capital BDC by 2.1% in the 4th quarter. Coastal Bridge Advisors LLC now owns 37,264 shares of the investment management company's stock worth $575,000 after purchasing an additional 766 shares during the period. Institutional investors own 42.64% of the company's stock.

Get Golub Capital BDC alerts:

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, Director Anita J. Rival acquired 10,000 shares of the company's stock in a transaction that occurred on Friday, August 26th. The stock was bought at an average price of $13.91 per share, for a total transaction of $139,100.00. Following the acquisition, the director now directly owns 61,000 shares in the company, valued at $848,510. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is owned by company insiders.

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock opened at $12.65 on Friday. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 9.96 and a beta of 0.58. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.93 and a current ratio of 2.93. The stock has a 50 day moving average price of $13.78 and a 200-day moving average price of $14.14. Golub Capital BDC, Inc. has a one year low of $12.55 and a one year high of $16.23.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Friday, September 2nd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.49%. The ex-dividend date of this dividend is Thursday, September 1st. Golub Capital BDC's dividend payout ratio (DPR) is 94.49%.

Wall Street Analyst Weigh In

Separately, TheStreet cut Golub Capital BDC from a "b-" rating to a "c" rating in a report on Wednesday, June 1st.

Golub Capital BDC Company Profile

(Get Rating)

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.

See Also

  • Get a free copy of the StockNews.com research report on Golub Capital BDC (GBDC)
  • Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
  • MarketBeat: Week in Review 9/19 – 9/23
  • Why Does Tesla Stock Remain Resilient?
  • 2 Semiconductor Stocks To Watch For Reversals
  • Is Costco's Post-Earnings Price Weakness A Good Time To Buy?

Receive News & Ratings for Golub Capital BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golub Capital BDC and related companies with MarketBeat.com's FREE daily email newsletter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment