Golub Capital BDC, Inc. (NASDAQ:GBDC) Stake Lowered by Private Advisor Group LLC

Private Advisor Group LLC reduced its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 17.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,346 shares of the investment management company’s stock after selling 5,471 shares during the period. Private Advisor Group LLC’s holdings in Golub Capital BDC were worth $383,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GBDC. Hexagon Capital Partners LLC boosted its holdings in Golub Capital BDC by 171.5% in the third quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,355 shares in the last quarter. Cove Street Capital LLC bought a new stake in Golub Capital BDC in the second quarter worth $39,000. Quarry LP bought a new stake in Golub Capital BDC in the second quarter worth $61,000. Brown Brothers Harriman & Co. bought a new stake in Golub Capital BDC in the second quarter worth $71,000. Finally, BNP Paribas Financial Markets boosted its holdings in Golub Capital BDC by 39.1% in the first quarter. BNP Paribas Financial Markets now owns 6,898 shares of the investment management company’s stock worth $115,000 after purchasing an additional 1,940 shares in the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Up 0.5 %

Shares of GBDC opened at $15.00 on Wednesday. The company has a 50-day simple moving average of $15.07 and a 200-day simple moving average of $15.58. The firm has a market capitalization of $2.57 billion, a P/E ratio of 9.05 and a beta of 0.54. 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 52 week low of $14.05 and a 52 week high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $171.27 million for the quarter, compared to analyst estimates 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 period in the prior year, the company posted $0.44 EPS. On average, equities research analysts expect that Golub Capital BDC, Inc. will post 1.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GBDC shares. Oppenheimer reiterated an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. Keefe, Bruyette & Woods decreased their price objective 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. Wells Fargo & Company upped their price objective on shares of Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Finally, StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

Insider Activity

In related news, CEO David Golub acquired 20,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was acquired at an average price of $14.68 per share, with a total value 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 approximately $25,526,758.40. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Anita J. Rival purchased 26,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $14.40 per share, with a total value of $374,400.00. Following the completion of the purchase, the director now directly owns 95,000 shares of the company’s stock, valued at $1,368,000. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Golub purchased 20,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of $14.68 per share, for a total transaction 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 $25,526,758.40. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 146,000 shares of company stock valued at $2,159,400. Insiders own 0.01% 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.