Legacy Capital Wealth Partners LLC Has $3.07 Million Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Legacy Capital Wealth Partners LLC boosted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 99.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 203,230 shares of the investment management company’s stock after buying an additional 101,409 shares during the quarter. Legacy Capital Wealth Partners LLC owned approximately 0.12% of Golub Capital BDC worth $3,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hexagon Capital Partners LLC lifted its stake in shares of Golub Capital BDC by 171.5% in 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 during the period. Allworth Financial LP lifted its stake in shares of 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 valued at $35,000 after purchasing an additional 1,347 shares during the period. Cove Street Capital LLC acquired a new position in shares of Golub Capital BDC in the 2nd quarter valued at about $39,000. Quarry LP acquired a new position in shares of Golub Capital BDC in the 2nd quarter valued at about $61,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Golub Capital BDC in the 2nd quarter valued at about $71,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $15.38 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01. The stock has a 50 day moving average price of $15.09 and a two-hundred day moving average price of $15.54. The firm has a market capitalization of $2.64 billion, a P/E 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.

Wall Street Analyst Weigh In

GBDC has been the topic of a number of recent analyst reports. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note 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 for the company in a research report on Wednesday, August 7th. Wells Fargo & Company boosted their target price on 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. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.50.

Insiders Place Their Bets

In related news, CEO David Golub acquired 20,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was purchased at an average cost of $14.70 per share, with a total value of $294,000.00. Following the acquisition, the chief executive officer now owns 1,758,880 shares of the company’s stock, valued at approximately $25,855,536. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders purchased 120,000 shares of company stock valued at $1,785,000. Corporate insiders own 2.70% of the company’s stock.

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.