Golub Capital BDC (NASDAQ:GBDC) Sees Large Volume Increase

Shares of Golub Capital BDC Inc (NASDAQ:GBDC) saw an uptick in trading volume on Tuesday . 2,513,600 shares traded hands during mid-day trading, an increase of 899% from the previous session’s volume of 251,623 shares.The stock last traded at $18.10 and had previously closed at $17.81.

A number of brokerages recently issued reports on GBDC. Keefe, Bruyette & Woods upgraded shares of Golub Capital BDC from a “market perform” rating to an “outperform” rating in a report on Monday. BidaskClub lowered shares of Golub Capital BDC from a “sell” rating to a “strong sell” rating in a report on Friday, October 18th. Finally, Zacks Investment Research upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd.

The business’s fifty day moving average is $17.89 and its 200-day moving average is $18.06. The firm has a market cap of $1.08 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 6.83 and a beta of 0.53. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.76 and a current ratio of 3.76.

A number of institutional investors have recently added to or reduced their stakes in GBDC. Foundations Investment Advisors LLC raised its holdings in Golub Capital BDC by 28.6% during the 2nd quarter. Foundations Investment Advisors LLC now owns 109,205 shares of the investment management company’s stock worth $1,935,000 after purchasing an additional 24,290 shares during the last quarter. RDA Financial Network grew its position in shares of Golub Capital BDC by 42.3% during the 2nd quarter. RDA Financial Network now owns 15,473 shares of the investment management company’s stock worth $274,000 after buying an additional 4,603 shares during the period. Arlington Partners LLC acquired a new stake in shares of Golub Capital BDC during the 2nd quarter worth approximately $36,000. Sound Income Strategies LLC grew its position in shares of Golub Capital BDC by 50.5% during the 2nd quarter. Sound Income Strategies LLC now owns 991,076 shares of the investment management company’s stock worth $17,641,000 after buying an additional 332,531 shares during the period. Finally, Moors & Cabot Inc. grew its position in shares of Golub Capital BDC by 3.2% during the 2nd quarter. Moors & Cabot Inc. now owns 28,514 shares of the investment management company’s stock worth $507,000 after buying an additional 877 shares during the period. Hedge funds and other institutional investors own 65.98% of the company’s stock.

Golub Capital BDC Company Profile (NASDAQ:GBDC)

Golub Capital BDC, Inc 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. The company seeks to invest in the United States.

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