Legacy Capital Wealth Partners LLC raised its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 99.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 203,230 shares of the investment management company's stock after buying an additional 101,409 shares during the quarter. Legacy Capital Wealth Partners LLC owned approximately 0.12% of Golub Capital BDC worth $3,071,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of GBDC. BNP Paribas Financial Markets grew its position in Golub Capital BDC by 39.1% in the 1st quarter. BNP Paribas Financial Markets now owns 6,898 shares of the investment management company's stock valued at $115,000 after buying an additional 1,940 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Golub Capital BDC by 5.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 95,991 shares of the investment management company's stock valued at $1,596,000 after purchasing an additional 4,764 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Golub Capital BDC by 42.4% during the 1st quarter. Quantbot Technologies LP now owns 78,090 shares of the investment management company's stock valued at $1,299,000 after purchasing an additional 23,250 shares during the period. SG Americas Securities LLC bought a new stake in shares of Golub Capital BDC in the 1st quarter worth $878,000. Finally, Tranquility Partners LLC boosted its stake in Golub Capital BDC by 1.2% during the first quarter. Tranquility Partners LLC now owns 343,361 shares of the investment management company's stock valued at $5,710,000 after buying an additional 4,036 shares in the last quarter. Institutional investors own 42.38% of the company's stock.
Insider Buying and Selling at Golub Capital BDC
In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 20,000 shares of the company's stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $15.01 per share, with a total value of $300,200.00. Following the transaction, the chairman now directly owns 1,858,880 shares in the company, valued at approximately $27,901,788.80. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders bought 120,000 shares of company stock worth $1,785,000 over the last ninety days. Company insiders own 2.70% of the company's stock.
Golub Capital BDC Stock Up 0.1 %
NASDAQ:GBDC traded up $0.02 during mid-day trading on Friday, reaching $15.38. The stock had a trading volume of 1,147,492 shares, compared to its average volume of 1,105,267. The stock has a market cap of $2.64 billion, a P/E ratio of 9.32 and a beta of 0.54. The business's 50 day moving average is $15.09 and its 200 day moving average is $15.54. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on GBDC shares. Oppenheimer reissued an "outperform" rating and issued a $17.00 price target on shares of Golub Capital BDC in a report on Wednesday, August 7th. Wells Fargo & Company upped their price target on Golub Capital BDC from $15.00 to $15.50 and gave the company an "equal weight" rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods cut their target price on Golub Capital BDC from $17.50 to $16.50 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research report 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $16.50.
Check Out Our Latest Stock Analysis on Golub Capital BDC
About Golub Capital BDC
(
Free Report)
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.
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