The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money - maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $994.2K invested across 4 purchases by William M. Webster IV, Director at Golub Capital BDC Inc (Symbol: GBDC).
|Purchased ||Insider ||Title ||Shares ||Price/Share ||Value |
|02/12/2018 ||William M. Webster IV ||Director ||1,634 ||$17.96 ||$29,346.64 |
|02/20/2018 ||William M. Webster IV ||Director ||15,468 ||$18.09 ||$279,816.12 |
|02/26/2018 ||William M. Webster IV ||Director ||20,000 ||$18.10 ||$362,000.00 |
|02/27/2018 ||William M. Webster IV ||Director ||17,898 ||$18.05 ||$323,003.42 |
Webster IV's average cost works out to $18.08/share. In trading on Thursday, bargain hunters could buy shares of Golub Capital BDC Inc (Symbol: GBDC) and achieve a cost basis lower than Webster IV, with shares changing hands as low as $18.04 per share. Shares of Golub Capital BDC Inc were changing hands at $18.07 at last check, trading off about 0.1% on Thursday. The chart below shows the one year performance of GBDC shares, versus its 200 day moving average:
Looking at the chart above, GBDC's low point in its 52 week range is $17.37 per share, with $20.50 as the 52 week high point - that compares with a last trade of $18.07.
The current annualized dividend paid by Golub Capital BDC Inc is $1.28/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/07/2018. Below is a long-term dividend history chart for GBDC, which can be of good help in judging whether the most recent dividend with approx. 7.1% annualized yield is likely to continue.
According to the ETF Finder at ETF Channel, GBDC makes up 4.48% of the BDC Income ETF (Symbol: BIZD) which is trading higher by about 0.1% on the day Thursday.
Click here to find out which other top insider buys by company directors you need to know about »