Quest Partners LLC Has $2.27 Million Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Quest Partners LLC raised its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 566.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,970 shares of the investment management company's stock after acquiring an additional 127,479 shares during the quarter. Quest Partners LLC owned 0.09% of Golub Capital BDC worth $2,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Hexagon Capital Partners LLC boosted its holdings in Golub Capital BDC by 171.5% during the third quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company's stock worth $32,000 after buying an additional 1,355 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Golub Capital BDC by 135.6% during the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company's stock worth $35,000 after acquiring an additional 1,347 shares in the last quarter. Cove Street Capital LLC acquired a new position in shares of Golub Capital BDC in the 2nd quarter worth $39,000. Quarry LP acquired a new position in shares of Golub Capital BDC in the 2nd quarter worth $61,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Golub Capital BDC during the second quarter worth $71,000. Institutional investors and hedge funds own 42.38% of the company's stock.

Wall Street Analyst Weigh In

GBDC has been the topic of a number of analyst reports. StockNews.com raised Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Thursday, October 10th. Oppenheimer reaffirmed an "outperform" rating and issued a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. 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 report on Wednesday, August 7th. Finally, Wells Fargo & Company raised their target price on 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $16.50.

Insider Buying and Selling at Golub Capital BDC

In other Golub Capital BDC news, CEO David Golub purchased 20,000 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average price of $14.91 per share, for a total transaction of $298,200.00. Following the purchase, the chief executive officer now directly owns 1,958,880 shares in the company, valued at $29,206,900.80. This trade represents a 1.03 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought 80,000 shares of company stock worth $1,197,400 over the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

Golub Capital BDC Stock Up 0.9 %

Shares of NASDAQ:GBDC traded up $0.14 during trading on Monday, reaching $15.54. 680,767 shares of the company traded hands, compared to its average volume of 1,156,469. 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 firm has a market cap of $2.67 billion, a P/E ratio of 9.33 and a beta of 0.54. The firm has a fifty day simple moving average of $15.15 and a 200 day simple moving average of $15.46.

Golub Capital BDC 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.