577,189 Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC) Acquired by LGT Capital Partners LTD.

LGT Capital Partners LTD. bought a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the third quarter, Holdings Channel.com reports. The institutional investor bought 577,189 shares of the investment management company’s stock, valued at approximately $8,721,000.

A number of other institutional investors have also recently added to or reduced their stakes in GBDC. Hexagon Capital Partners LLC lifted 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 valued at $32,000 after acquiring an additional 1,355 shares during the last quarter. Allworth Financial LP lifted its stake in Golub Capital BDC by 135.6% in the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 1,347 shares during the last quarter. Cove Street Capital LLC acquired a new stake in Golub Capital BDC in the second quarter valued at approximately $39,000. Quarry LP acquired a new stake in Golub Capital BDC in the second quarter valued at approximately $61,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in Golub Capital BDC in the second quarter valued at approximately $71,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Stock Up 0.8 %

Shares of NASDAQ GBDC opened at $15.52 on Tuesday. The firm’s 50-day simple moving average is $15.16 and its 200 day simple moving average is $15.45. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 9.41 and a beta of 0.54. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GBDC shares. Oppenheimer reissued an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods decreased their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company boosted 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.50.

Insider Buying and Selling

In other news, Chairman Lawrence E. Golub acquired 20,000 shares of the company’s stock in a transaction on Monday, August 26th. The stock was purchased at an average cost of $15.01 per share, with a total value of $300,200.00. Following the acquisition, the chairman now owns 1,858,880 shares of the company’s stock, valued at $27,901,788.80. This trade represents a 1.09 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 80,000 shares of company stock worth $1,197,400 in the last 90 days. Corporate insiders own 0.01% of the company’s stock.

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.