First National Trust Co Invests $3.99 Million in Golub Capital BDC, Inc. (NASDAQ:GBDC)

First National Trust Co acquired a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 264,177 shares of the investment management company's stock, valued at approximately $3,992,000. First National Trust Co owned approximately 0.15% of Golub Capital BDC at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Van ECK Associates Corp lifted its stake in shares of Golub Capital BDC by 13.5% in the 3rd quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company's stock worth $61,458,000 after purchasing an additional 475,196 shares during the period. Sound Income Strategies LLC raised its stake in Golub Capital BDC by 5.0% during the 3rd quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company's stock worth $43,560,000 after acquiring an additional 137,813 shares during the period. Allen Investment Management LLC lifted its holdings in Golub Capital BDC by 6.9% during the second quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company's stock valued at $35,297,000 after purchasing an additional 145,761 shares in the last quarter. Northeast Financial Consultants Inc raised its position in shares of 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 valued at $33,057,000 after purchasing an additional 1,268,442 shares during the period. Finally, Arnhold LLC lifted its stake in shares of Golub Capital BDC by 0.8% during the 2nd quarter. Arnhold LLC now owns 1,319,200 shares of the investment management company's stock valued at $20,725,000 after buying an additional 11,000 shares in the last quarter. Institutional investors own 42.38% of the company's stock.

Insider Buying and Selling

In other Golub Capital BDC news, CEO David Golub acquired 20,000 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was purchased at an average price of $14.70 per share, for a total transaction of $294,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,758,880 shares of the company's stock, valued at approximately $25,855,536. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders acquired 120,000 shares of company stock worth $1,785,000. Company insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

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

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock traded up $0.02 on Tuesday, hitting $15.44. 279,058 shares of the company were exchanged, compared to its average volume of 1,158,616. Golub Capital BDC, Inc. has a 1-year low of $14.05 and a 1-year high of $17.72. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 9.35 and a beta of 0.54. The company has a 50-day moving average price of $15.11 and a 200 day moving average price of $15.51.

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.