Sumitomo Mitsui Trust Group Inc. Acquires 5,264 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Sumitomo Mitsui Trust Group Inc. raised its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 645,187 shares of the investment management company’s stock after buying an additional 5,264 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.38% of Golub Capital BDC worth $9,749,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GBDC. Nicholas Hoffman & Company LLC. raised its stake in shares of Golub Capital BDC by 1.8% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company’s stock valued at $582,000 after purchasing an additional 664 shares during the period. Neville Rodie & Shaw Inc. lifted its stake in shares of Golub Capital BDC by 1.3% in the 3rd quarter. Neville Rodie & Shaw Inc. now owns 54,557 shares of the investment management company’s stock valued at $824,000 after acquiring an additional 715 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its stake in shares of Golub Capital BDC by 3.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company’s stock valued at $550,000 after acquiring an additional 970 shares during the last quarter. Wedbush Securities Inc. raised its position in Golub Capital BDC by 2.8% during the 2nd quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company’s stock valued at $582,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC raised its position in Golub Capital BDC by 2.6% during the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 44,944 shares of the investment management company’s stock valued at $706,000 after purchasing an additional 1,123 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock opened at $15.40 on Monday. Golub Capital BDC, Inc. has a one year low of $14.05 and a one year high of $17.72. The stock’s fifty day moving average is $15.15 and its 200 day moving average is $15.46. The stock has a market cap of $2.64 billion, a P/E ratio of 9.33 and a beta of 0.54. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods cut their target price on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Oppenheimer restated an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Golub Capital BDC currently has an average rating of “Moderate Buy” and a consensus target price 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 firm’s stock in a transaction on Wednesday, August 28th. The shares were acquired at an average cost of $15.04 per share, with a total value of $300,800.00. Following the completion of the acquisition, the chairman now directly owns 1,898,880 shares in the company, valued at $28,559,155.20. The trade was a 1.06 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired a total of 80,000 shares of company stock valued at $1,197,400 over the last ninety days. 2.70% of the stock is currently owned by company insiders.

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.