BluePointe Capital Management LLC Has $1.49 Million Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

BluePointe Capital Management LLC trimmed its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 31.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 98,785 shares of the investment management company's stock after selling 46,104 shares during the period. BluePointe Capital Management LLC owned about 0.06% of Golub Capital BDC worth $1,493,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hexagon Capital Partners LLC lifted its stake in Golub Capital BDC by 171.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company's stock worth $32,000 after acquiring an additional 1,355 shares in the last quarter. Allworth Financial LP lifted its position in shares of Golub Capital BDC by 135.6% in the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company's stock worth $35,000 after purchasing an additional 1,347 shares in the last quarter. Cove Street Capital LLC acquired a new stake in shares of Golub Capital BDC during the second quarter worth approximately $39,000. Quarry LP acquired a new stake in shares of Golub Capital BDC during the second quarter worth approximately $61,000. Finally, Brown Brothers Harriman & Co. purchased a new position in Golub Capital BDC during the second quarter valued at approximately $71,000. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Price Performance

Shares of GBDC stock remained flat at $15.40 during trading hours on Friday. 801,905 shares of the stock were exchanged, compared to its average volume of 1,158,612. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01. The firm has a market cap of $2.64 billion, a P/E ratio of 9.33 and a beta of 0.54. The business has a fifty day moving average price of $15.13 and a two-hundred day moving average price of $15.50. Golub Capital BDC, Inc. has a 12 month low of $14.05 and a 12 month high of $17.72.

Insiders Place Their Bets

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 20,000 shares of the stock in a transaction dated Monday, August 26th. The stock was bought at an average price of $15.01 per share, for a total transaction of $300,200.00. Following the transaction, the chairman now directly owns 1,858,880 shares in the company, valued at $27,901,788.80. This represents a 1.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have bought 100,000 shares of company stock valued at $1,491,400. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

About Golub Capital BDC

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.