SpiderRock Advisors LLC Makes New $621,000 Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

SpiderRock Advisors LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 41,081 shares of the investment management company's stock, valued at approximately $621,000.

A number of other large investors have also recently bought and sold shares of GBDC. Northeast Financial Consultants Inc increased its holdings 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 worth $33,057,000 after buying an additional 1,268,442 shares during the last quarter. 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 purchasing an additional 724,662 shares during the period. Boston Partners acquired a new stake in shares of Golub Capital BDC during the 1st quarter worth about $12,126,000. Van ECK Associates Corp boosted its holdings in shares of Golub Capital BDC by 22.3% during 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 buying an additional 640,866 shares during the period. Finally, 1832 Asset Management L.P. bought a new position in Golub Capital BDC in the 2nd quarter valued at about $9,426,000. Institutional investors and hedge funds own 42.38% of the company's stock.

Golub Capital BDC Trading Up 0.1 %

Golub Capital BDC stock traded up $0.02 during trading hours on Monday, reaching $15.40. The company had a trading volume of 788,241 shares, compared to its average volume of 1,161,086. 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 12-month low of $14.05 and a 12-month high of $17.72. The company has a 50-day moving average price of $15.09 and a 200 day moving average price of $15.53. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 9.32 and a beta of 0.54.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GBDC. StockNews.com upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Thursday, October 10th. Wells Fargo & Company increased their price target on 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. 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. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an "outperform" rating for the company in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $16.50.

Insider Activity

In other Golub Capital BDC news, CEO David Golub acquired 20,000 shares of the company's stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average price of $14.68 per share, with a total value of $293,600.00. Following the completion of the purchase, the chief executive officer now directly owns 1,738,880 shares of the company's stock, valued at approximately $25,526,758.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have purchased 120,000 shares of company stock valued at $1,785,000. Corporate insiders own 2.70% of the company's stock.

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.