Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by US Bancorp DE

US Bancorp DE lessened its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 7.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 10,340 shares of the investment management company’s stock after selling 800 shares during the period. US Bancorp DE’s holdings in Golub Capital BDC were worth $156,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GBDC. Hexagon Capital Partners LLC lifted its position in shares of 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 valued at $32,000 after acquiring an additional 1,355 shares in the last quarter. Allworth Financial LP lifted its holdings in Golub Capital BDC by 135.6% in the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 1,347 shares in the last quarter. Cove Street Capital LLC acquired a new stake in shares of Golub Capital BDC during the 2nd quarter worth about $39,000. Quarry LP purchased a new stake in shares of Golub Capital BDC during the second quarter worth about $61,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Golub Capital BDC during the second quarter worth about $71,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock opened at $15.40 on Friday. The business’s fifty day moving average price is $15.15 and its 200 day moving average price is $15.48. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $2.64 billion, a P/E ratio of 9.33 and a beta of 0.54.

Insider Activity

In other Golub Capital BDC news, Chairman Lawrence E. Golub bought 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $15.01 per share, with a total value of $300,200.00. Following the transaction, the chairman now owns 1,858,880 shares in the company, valued at $27,901,788.80. This trade represents a 1.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought 100,000 shares of company stock valued at $1,491,400 in the last three months. Corporate insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

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

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.