Stratos Wealth Partners LTD. Sells 8,838 Shares of Golub Capital BDC, Inc. (GBDC)
Stratos Wealth Partners LTD. trimmed its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,876 shares of the investment management company’s stock after selling 8,838 shares during the period. Stratos Wealth Partners LTD. owned 0.16% of Golub Capital BDC worth $1,804,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of GBDC. Muzinich & Co. Inc. grew its stake in Golub Capital BDC by 19.7% in the second quarter. Muzinich & Co. Inc. now owns 2,692,260 shares of the investment management company’s stock worth $51,476,000 after purchasing an additional 443,945 shares during the period. Bank of Montreal Can purchased a new stake in Golub Capital BDC in the second quarter worth $7,342,000. First Eagle Investment Management LLC grew its stake in Golub Capital BDC by 58.2% in the second quarter. First Eagle Investment Management LLC now owns 543,700 shares of the investment management company’s stock worth $10,396,000 after purchasing an additional 200,000 shares during the period. Geneva Advisors LLC purchased a new stake in Golub Capital BDC in the second quarter worth $1,850,000. Finally, Sumitomo Mitsui Asset Management Company LTD grew its stake in Golub Capital BDC by 34.7% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 305,734 shares of the investment management company’s stock worth $5,753,000 after purchasing an additional 78,720 shares during the period. 39.90% of the stock is currently owned by institutional investors.
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In related news, Director William M. Iv Webster bought 5,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were acquired at an average cost of $18.46 per share, with a total value of $92,300.00. Following the completion of the acquisition, the director now owns 136,514 shares of the company’s stock, valued at approximately $2,520,048.44. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.40% of the company’s stock.
Several equities research analysts have commented on GBDC shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $19.50 target price on shares of Golub Capital BDC in a report on Tuesday, July 25th. BidaskClub downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Friday, July 28th. National Securities reissued a “neutral” rating and issued a $19.00 target price on shares of Golub Capital BDC in a report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.88.
Golub Capital BDC, Inc. (NASDAQ:GBDC) traded down $0.19 during trading on Thursday, reaching $18.90. The company’s stock had a trading volume of 90,200 shares, compared to its average volume of 215,772. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.93. Golub Capital BDC, Inc. has a twelve month low of $17.50 and a twelve month high of $20.50. The company has a market capitalization of $1,120.00, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 1.48 and a beta of 0.67.
Golub Capital BDC Company 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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