Global X MANAGEMENT CO LLC increased its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 48.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,981 shares of the investment management company’s stock after buying an additional 3,253 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in Golub Capital BDC were worth $188,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Cullen Frost Bankers Inc. bought a new stake in shares of Golub Capital BDC during the 3rd quarter worth $194,000. Nine Chapters Capital Management LLC bought a new stake in shares of Golub Capital BDC during the 3rd quarter worth $337,000. Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Golub Capital BDC by 34.7% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 305,734 shares of the investment management company’s stock worth $5,753,000 after buying an additional 78,720 shares during the last quarter. Lyell Wealth Management LP lifted its position in shares of Golub Capital BDC by 3.4% during the 3rd quarter. Lyell Wealth Management LP now owns 287,828 shares of the investment management company’s stock worth $5,417,000 after buying an additional 9,560 shares during the last quarter. Finally, Nationwide Fund Advisors bought a new stake in shares of Golub Capital BDC during the 3rd quarter worth $225,000. Institutional investors and hedge funds own 40.42% of the company’s stock.
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Golub Capital BDC, Inc. (NASDAQ GBDC) opened at $19.01 on Tuesday. Golub Capital BDC, Inc. has a fifty-two week low of $17.87 and a fifty-two week high of $20.50. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.87 and a quick ratio of 1.87. The stock has a market capitalization of $1,130.00, a PE ratio of 14.50, a price-to-earnings-growth ratio of 1.47 and a beta of 0.67.
In other news, Director William M. Iv Webster bought 5,000 shares of the stock in a transaction on Friday, September 1st. The stock was acquired at an average price of $18.46 per share, with a total value of $92,300.00. Following the acquisition, the director now directly owns 136,514 shares in the company, valued at $2,520,048.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.40% of the stock is owned by corporate insiders.
GBDC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $19.50 price objective on shares of Golub Capital BDC in a research report on Tuesday, July 25th. BidaskClub downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research 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 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 assigned a hold rating and one has assigned a buy rating to the company’s stock. Golub Capital BDC currently has a consensus rating of “Hold” and a consensus target price of $19.88.
Golub Capital BDC Profile
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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