Baillie Gifford & Co. Lowers Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Baillie Gifford & Co. decreased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 50.3% during the third quarter, Holdings Channel reports. The fund owned 251,639 shares of the investment management company’s stock after selling 254,320 shares during the period. Baillie Gifford & Co.’s holdings in Golub Capital BDC were worth $3,802,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hexagon Capital Partners LLC grew its stake 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 during the period. Allworth Financial LP grew its position in shares of 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 worth $35,000 after buying an additional 1,347 shares during the period. Cove Street Capital LLC bought a new position in shares of Golub Capital BDC in the 2nd quarter worth about $39,000. Quarry LP purchased a new position in Golub Capital BDC during the 2nd quarter valued at about $61,000. Finally, Brown Brothers Harriman & Co. bought a new stake in Golub Capital BDC during the second quarter worth about $71,000. Institutional investors own 42.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on GBDC shares. Wells Fargo & Company raised their target price on shares of 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 reiterated an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods reduced their price target 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, StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research 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. According to data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Golub Capital BDC Stock Up 0.1 %

Golub Capital BDC stock opened at $15.36 on Thursday. Golub Capital BDC, Inc. has a 12 month low of $14.05 and a 12 month high of $17.72. The stock has a fifty day simple moving average of $15.12 and a two-hundred day simple moving average of $15.50. 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 firm has a market cap of $2.63 billion, a price-to-earnings ratio of 9.31 and a beta of 0.54.

Insider Buying and Selling

In related news, CEO David Golub bought 20,000 shares of the stock in a transaction on Monday, August 19th. The shares were acquired at an average price of $14.70 per share, for a total transaction of $294,000.00. Following the purchase, the chief executive officer now owns 1,758,880 shares of the company’s stock, valued at approximately $25,855,536. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders acquired 120,000 shares of company stock worth $1,785,000. 2.70% of the stock is owned by corporate insiders.

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.