Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Purchased by United Advisor Group LLC

United Advisor Group LLC raised its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 6.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184,076 shares of the investment management company’s stock after buying an additional 11,293 shares during the quarter. United Advisor Group LLC owned about 0.11% of Golub Capital BDC worth $2,781,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GBDC. Cary Street Partners Asset Management LLC acquired a new position in shares of Golub Capital BDC during the third quarter worth approximately $151,000. Van ECK Associates Corp increased its stake in Golub Capital BDC by 13.5% in the 3rd quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock worth $61,458,000 after purchasing an additional 475,196 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Golub Capital BDC by 6.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 88,294 shares of the investment management company’s stock worth $1,334,000 after purchasing an additional 5,057 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in Golub Capital BDC by 34.7% in the third quarter. Chicago Partners Investment Group LLC now owns 47,216 shares of the investment management company’s stock valued at $728,000 after acquiring an additional 12,161 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. increased its position in Golub Capital BDC by 1.8% during the third quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company’s stock worth $582,000 after buying an additional 664 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Golub Capital BDC news, Director Anita J. Rival bought 26,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $14.40 per share, for a total transaction 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 approximately $1,368,000. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Anita J. Rival acquired 26,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average price 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 represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Lawrence E. Golub bought 20,000 shares of Golub Capital BDC stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average price of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the acquisition, the chairman now directly owns 1,998,880 shares of the company’s stock, valued at $29,803,300.80. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 146,000 shares of company stock valued at $2,159,400 over the last 90 days. 0.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GBDC has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods cut 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 note on Wednesday, August 7th. Oppenheimer reiterated an “outperform” rating and set a $17.00 target price on shares of Golub Capital BDC in a research 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 company an “equal weight” rating in a research note on Tuesday, October 29th. Three equities research 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 presently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Golub Capital BDC Stock Performance

Shares of NASDAQ GBDC opened at $14.93 on Tuesday. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01. The stock has a 50 day moving average price of $15.07 and a 200 day moving average price of $15.58. The stock has a market capitalization of $2.56 billion, a PE ratio of 9.05 and a beta of 0.54.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $171.27 million during 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 quarter in the prior year, the firm earned $0.44 earnings per share. Analysts predict that Golub Capital BDC, Inc. will post 1.92 earnings per share for the current fiscal year.

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.