Lyell Wealth Management LP lifted its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 287,828 shares of the investment management company’s stock after buying an additional 9,560 shares during the period. Golub Capital BDC makes up 2.3% of Lyell Wealth Management LP’s holdings, making the stock its 6th biggest position. Lyell Wealth Management LP’s holdings in Golub Capital BDC were worth $5,417,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of GBDC. Ameriprise Financial Inc. purchased a new position in Golub Capital BDC during the first quarter worth about $442,000. Parametric Portfolio Associates LLC raised its stake in shares of Golub Capital BDC by 1.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 47,960 shares of the investment management company’s stock valued at $953,000 after acquiring an additional 553 shares during the period. Legal & General Group Plc raised its stake in shares of Golub Capital BDC by 12.2% in the 1st quarter. Legal & General Group Plc now owns 132,213 shares of the investment management company’s stock valued at $2,627,000 after acquiring an additional 14,348 shares during the period. HighTower Advisors LLC raised its stake in shares of Golub Capital BDC by 147.7% in the 1st quarter. HighTower Advisors LLC now owns 58,187 shares of the investment management company’s stock valued at $1,157,000 after acquiring an additional 34,695 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Golub Capital BDC by 0.4% in the first quarter. Goldman Sachs Group Inc. now owns 658,990 shares of the investment management company’s stock valued at $13,101,000 after purchasing an additional 2,719 shares in the last quarter. 39.90% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on GBDC shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $19.50 price objective on shares of Golub Capital BDC in a report on Tuesday, July 25th. BidaskClub cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Friday, July 28th. National Securities restated a “neutral” rating and set a $19.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $19.88.
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Golub Capital BDC, Inc. (NASDAQ:GBDC) opened at $18.99 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.87 and a current ratio of 1.87. Golub Capital BDC, Inc. has a 12 month low of $17.50 and a 12 month high of $20.50. The firm has a market cap of $1,129.06, a price-to-earnings ratio of 14.50, a PEG ratio of 1.47 and a beta of 0.67.
In other Golub Capital BDC news, Director William M. Iv Webster acquired 5,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were purchased at an average cost of $18.46 per share, with a total value of $92,300.00. Following the purchase, the director now owns 136,514 shares in the company, valued at $2,520,048.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.
About Golub Capital BDC
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
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