LGT Capital Partners LTD. bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 577,189 shares of the investment management company's stock, valued at approximately $8,721,000. LGT Capital Partners LTD. owned about 0.34% of Golub Capital BDC at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Northeast Financial Consultants Inc boosted 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 worth $33,057,000 after purchasing an additional 1,268,442 shares during the period. Millennium Management LLC raised its position in shares of Golub Capital BDC by 1,170.6% in the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company's stock valued at $12,357,000 after buying an additional 724,662 shares during the last quarter. Boston Partners acquired a new position in Golub Capital BDC in the first quarter valued at $12,126,000. Van ECK Associates Corp boosted its holdings in Golub Capital BDC by 22.3% in the 2nd quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company's stock worth $55,190,000 after acquiring an additional 640,866 shares during the period. Finally, 1832 Asset Management L.P. bought a new position in Golub Capital BDC during the 2nd quarter valued at $9,426,000. 42.38% of the stock is owned by institutional investors and hedge funds.
Golub Capital BDC Price Performance
Golub Capital BDC stock traded up $0.01 during midday trading on Tuesday, hitting $15.53. 1,703,913 shares of the company's stock were exchanged, compared to its average volume of 1,159,637. The company has a market cap of $2.66 billion, a P/E ratio of 9.41 and a beta of 0.54. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The stock has a 50-day moving average price of $15.16 and a two-hundred day moving average price of $15.45. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01.
Insider Transactions at Golub Capital BDC
In related news, CEO David Golub purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,958,880 shares in the company, valued at $29,206,900.80. This represents a 1.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have purchased a total of 80,000 shares of company stock valued at $1,197,400 in the last ninety days. 0.01% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
GBDC has been the subject of a number of research reports. Keefe, Bruyette & Woods reduced their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an "outperform" rating for the company in a report on Wednesday, August 7th. Oppenheimer reaffirmed an "outperform" rating and set a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. Wells Fargo & Company lifted 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. Finally, StockNews.com upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $16.50.
Check Out Our Latest Research Report on Golub Capital BDC
Golub Capital BDC Profile
(
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.
Featured Articles
Before you consider Golub Capital BDC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Golub Capital BDC wasn't on the list.
While Golub Capital BDC currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
