Van ECK Associates Corp Has $61.46 Million Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Van ECK Associates Corp lifted its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 13.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,988,219 shares of the investment management company's stock after acquiring an additional 475,196 shares during the period. Van ECK Associates Corp owned about 2.33% of Golub Capital BDC worth $61,458,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Golub Capital BDC by 6.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 621,308 shares of the investment management company's stock valued at $10,332,000 after purchasing an additional 38,944 shares during the period. BNP Paribas Financial Markets boosted its position in Golub Capital BDC by 39.1% during the 1st quarter. BNP Paribas Financial Markets now owns 6,898 shares of the investment management company's stock valued at $115,000 after purchasing an additional 1,940 shares during the period. Janney Montgomery Scott LLC boosted its position 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 during the period. Quantbot Technologies LP raised its holdings in shares of Golub Capital BDC by 42.4% during the first quarter. Quantbot Technologies LP now owns 78,090 shares of the investment management company's stock valued at $1,299,000 after buying an additional 23,250 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Golub Capital BDC during the first quarter valued at approximately $878,000. 42.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Golub Capital BDC Trading Down 1.0 %

Golub Capital BDC stock traded down $0.15 during midday trading on Monday, reaching $14.93. The stock had a trading volume of 1,010,294 shares, compared to its average volume of 1,163,619. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 9.07 and a beta of 0.54. The firm's fifty day simple moving average is $15.07 and its two-hundred day simple moving average is $15.59.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). The business had revenue of $171.27 million for the quarter, compared to analysts' expectations of $205.24 million. Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. During the same quarter in the prior year, the firm posted $0.44 EPS. Equities analysts anticipate that Golub Capital BDC, Inc. will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling at Golub Capital BDC

In related news, Chairman Lawrence E. Golub acquired 20,000 shares of the company's stock in a transaction on Wednesday, August 28th. The shares were purchased at an average price of $15.04 per share, for a total transaction of $300,800.00. Following the purchase, the chairman now owns 1,898,880 shares in the company, valued at $28,559,155.20. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Anita J. Rival purchased 26,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $14.40 per share, with a total value of $374,400.00. Following the purchase, the director now owns 95,000 shares in the company, valued at $1,368,000. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Lawrence E. Golub acquired 20,000 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average cost of $15.04 per share, for a total transaction of $300,800.00. Following the transaction, the chairman now owns 1,898,880 shares of the company's stock, valued at approximately $28,559,155.20. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 146,000 shares of company stock valued at $2,159,400 in the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

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.