Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 7.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,340 shares of the investment management company’s stock after selling 800 shares during the period. US Bancorp DE’s holdings in Golub Capital BDC were worth $156,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GBDC. Van ECK Associates Corp increased its position in Golub Capital BDC by 22.3% during the second quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock worth $55,190,000 after buying an additional 640,866 shares during the period. Sound Income Strategies LLC increased its position in Golub Capital BDC by 5.0% in the 3rd quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company’s stock valued at $43,560,000 after acquiring an additional 137,813 shares during the period. Allen Investment Management LLC raised its stake in Golub Capital BDC by 6.9% during the 2nd quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock valued at $35,297,000 after acquiring an additional 145,761 shares during the last quarter. Northeast Financial Consultants Inc lifted its position in Golub Capital BDC by 151.8% during the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock worth $33,057,000 after acquiring an additional 1,268,442 shares during the period. Finally, Arnhold LLC grew its stake in shares of Golub Capital BDC by 0.8% in the 2nd quarter. Arnhold LLC now owns 1,319,200 shares of the investment management company’s stock valued at $20,725,000 after purchasing an additional 11,000 shares during the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $15.40 on Friday. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The company has a 50-day simple moving average of $15.15 and a 200-day simple moving average of $15.48. The company has a market capitalization of $2.64 billion, a PE ratio of 9.33 and a beta of 0.54.

Insider Activity at Golub Capital BDC

In other news, Chairman Lawrence E. Golub purchased 20,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was acquired at an average price of $15.01 per share, with a total value of $300,200.00. Following the purchase, the chairman now directly owns 1,858,880 shares of the company’s stock, valued at $27,901,788.80. This represents a 1.09 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders bought 100,000 shares of company stock valued at $1,491,400 in the last ninety days. Corporate insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Oppenheimer restated an “outperform” rating and issued a $17.00 target price on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods dropped their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company raised their price objective on shares of Golub Capital BDC from $15.00 to $15.50 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

Golub Capital BDC Company Profile

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.