Golub Capital BDC, Inc. (NASDAQ:GBDC) is Lindbrook Capital LLC's 4th Largest Position

Lindbrook Capital LLC cut its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 2.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,462,335 shares of the investment management company's stock after selling 89,750 shares during the quarter. Golub Capital BDC accounts for about 4.6% of Lindbrook Capital LLC's portfolio, making the stock its 4th largest holding. Lindbrook Capital LLC owned about 2.02% of Golub Capital BDC worth $52,316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northeast Financial Consultants Inc raised its position in Golub Capital BDC by 151.8% during the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company's stock valued at $33,057,000 after acquiring an additional 1,268,442 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Golub Capital BDC by 1,170.6% during the 2nd quarter. Millennium Management LLC now owns 786,569 shares of the investment management company's stock valued at $12,357,000 after purchasing an additional 724,662 shares in the last quarter. Boston Partners acquired a new position in shares of Golub Capital BDC in the 1st quarter valued at $12,126,000. Van ECK Associates Corp boosted its holdings 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 in the last quarter. Finally, 1832 Asset Management L.P. acquired a new stake in Golub Capital BDC during the second quarter valued at $9,426,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC traded up $0.02 during 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 company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01. Golub Capital BDC, Inc. has a 1-year low of $14.05 and a 1-year high of $17.72. The stock has a market cap of $2.64 billion, a PE ratio of 9.32 and a beta of 0.54. The business has a fifty day moving average price of $15.09 and a 200-day moving average price of $15.55.

Wall Street Analyst Weigh In

GBDC has been the subject of several recent analyst reports. StockNews.com upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods reduced their target price on Golub Capital BDC from $17.50 to $16.50 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. Wells Fargo & Company lifted their price target 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, Oppenheimer restated an "outperform" rating and set a $17.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $16.50.

Insider Activity

In other Golub Capital BDC news, CEO David Golub purchased 20,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average cost of $14.68 per share, for a total transaction of $293,600.00. Following the completion of the transaction, the chief executive officer now owns 1,738,880 shares of the company's stock, valued at $25,526,758.40. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders acquired 120,000 shares of company stock worth $1,785,000 over the last three months. Insiders own 2.70% of the company's stock.

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.