First National Trust Co Acquires New Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC)

First National Trust Co purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 264,177 shares of the investment management company’s stock, valued at approximately $3,992,000.

Other large investors also recently made changes to their positions in the company. Hexagon Capital Partners LLC boosted its holdings in shares of 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 worth $32,000 after buying an additional 1,355 shares during the period. Allworth Financial LP lifted its position in Golub Capital BDC by 135.6% during the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after acquiring an additional 1,347 shares during the last quarter. Cove Street Capital LLC bought a new stake in Golub Capital BDC during the second quarter valued at about $39,000. Quarry LP acquired a new stake in shares of Golub Capital BDC in the second quarter valued at about $61,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Golub Capital BDC in the second quarter valued at about $71,000. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

Golub Capital BDC stock opened at $15.42 on Tuesday. The stock has a fifty day moving average price of $15.11 and a two-hundred day moving average price of $15.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The firm has a market capitalization of $2.64 billion, a P/E ratio of 9.35 and a beta of 0.54.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GBDC. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Oppenheimer restated an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Wells Fargo & Company increased their price target on shares of Golub Capital BDC from $15.00 to $15.50 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Finally, 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 research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Golub Capital BDC currently has an average rating of “Moderate Buy” and a consensus price target of $16.50.

Insider Buying and Selling at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $14.91 per share, with a total value of $298,200.00. Following the acquisition, the chairman now directly owns 1,998,880 shares of the company’s stock, valued at approximately $29,803,300.80. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders have bought a total of 120,000 shares of company stock worth $1,785,000 over the last ninety days. Corporate insiders own 2.70% of the company’s stock.

Golub Capital BDC 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.