Baillie Gifford & Co. Sells 254,320 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Baillie Gifford & Co. reduced its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 50.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 251,639 shares of the investment management company’s stock after selling 254,320 shares during the quarter. Baillie Gifford & Co. owned 0.15% of Golub Capital BDC worth $3,802,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Hexagon Capital Partners LLC increased its position in shares of 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 last quarter. Allworth Financial LP grew its stake in 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 in the last quarter. Cove Street Capital LLC purchased a new stake in shares of Golub Capital BDC during the 2nd quarter valued at $39,000. Quarry LP purchased a new stake in shares of Golub Capital BDC during the 2nd quarter valued at $61,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Golub Capital BDC during the 2nd quarter worth $71,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their price target on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company increased their price target on shares of Golub Capital BDC from $15.00 to $15.50 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Golub Capital BDC Trading Up 0.1 %

Shares of GBDC stock opened at $15.36 on Thursday. The business has a 50-day moving average of $15.12 and a 200 day moving average of $15.50. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. Golub Capital BDC, Inc. has a 1-year low of $14.05 and a 1-year high of $17.72. The stock has a market capitalization of $2.63 billion, a PE ratio of 9.31 and a beta of 0.54.

Insider Activity

In other news, CEO David Golub purchased 20,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of $14.70 per share, for a total transaction of $294,000.00. Following the acquisition, the chief executive officer now directly owns 1,758,880 shares of the company’s stock, valued at $25,855,536. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders purchased 120,000 shares of company stock valued at $1,785,000. 2.70% of the stock is currently owned by company insiders.

Golub Capital BDC Company 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.