Lindbrook Capital LLC Has $52.32 Million Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Lindbrook Capital LLC reduced its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,462,335 shares of the investment management company’s stock after selling 89,750 shares during the quarter. Golub Capital BDC comprises about 4.6% of Lindbrook Capital LLC’s investment portfolio, making the stock its 4th largest holding. Lindbrook Capital LLC owned 2.02% of Golub Capital BDC worth $52,316,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Hexagon Capital Partners LLC boosted its stake in Golub Capital BDC by 171.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 1,355 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of 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 buying an additional 1,347 shares during the period. Cove Street Capital LLC acquired a new position in Golub Capital BDC during the second quarter worth about $39,000. Quarry LP bought a new stake in Golub Capital BDC in the second quarter worth about $61,000. Finally, Brown Brothers Harriman & Co. bought a new stake in Golub Capital BDC in the second quarter worth about $71,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Up 0.1 %

Shares of Golub Capital BDC stock opened at $15.38 on Friday. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 9.32 and a beta of 0.54. The stock has a 50-day simple moving average of $15.09 and a 200-day simple moving average of $15.55. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01.

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, CEO David Golub acquired 20,000 shares of Golub Capital BDC stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average price of $14.70 per share, with a total value of $294,000.00. Following the purchase, the chief executive officer now owns 1,758,880 shares in the company, valued at approximately $25,855,536. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have acquired 120,000 shares of company stock valued at $1,785,000. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods decreased their target price on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Oppenheimer reaffirmed an “outperform” rating and set a $17.00 target price on shares of Golub Capital BDC in a report on Wednesday, August 7th. Finally, Wells Fargo & Company lifted their price target on Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.50.

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.