Legacy Capital Wealth Partners LLC Acquires 101,409 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Legacy Capital Wealth Partners LLC increased its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 99.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 203,230 shares of the investment management company’s stock after buying an additional 101,409 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Golub Capital BDC were worth $3,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Nicholas Hoffman & Company LLC. lifted its stake in Golub Capital BDC by 1.8% in the third quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company’s stock valued at $582,000 after purchasing an additional 664 shares during the last quarter. Neville Rodie & Shaw Inc. grew its holdings in Golub Capital BDC by 1.3% during the third quarter. Neville Rodie & Shaw Inc. now owns 54,557 shares of the investment management company’s stock valued at $824,000 after purchasing an additional 715 shares during the period. Silvercrest Asset Management Group LLC grew its holdings in Golub Capital BDC by 3.0% during the first quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company’s stock valued at $550,000 after purchasing an additional 970 shares during the period. Wedbush Securities Inc. grew its holdings in Golub Capital BDC by 2.8% during the second quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company’s stock valued at $582,000 after purchasing an additional 1,000 shares during the period. Finally, Onyx Bridge Wealth Group LLC grew its holdings in Golub Capital BDC by 2.6% during the second quarter. Onyx Bridge Wealth Group LLC now owns 44,944 shares of the investment management company’s stock valued at $706,000 after purchasing an additional 1,123 shares during the period. 42.38% of the stock is owned by institutional investors.

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, CEO David Golub acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average price of $14.70 per share, with a total value of $294,000.00. Following the completion of the purchase, the chief executive officer now owns 1,758,880 shares of the company’s stock, valued at approximately $25,855,536. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders acquired 120,000 shares of company stock valued at $1,785,000. Company insiders own 2.70% of the company’s stock.

Golub Capital BDC Price Performance

NASDAQ:GBDC opened at $15.38 on Friday. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 9.32 and a beta of 0.54. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The stock has a fifty day moving average of $15.09 and a 200 day moving average of $15.54. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01.

Wall Street Analyst Weigh In

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

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.