Short Interest in Golub Capital BDC, Inc. (NASDAQ:GBDC) Decreases By 8.0%

Golub Capital BDC, Inc. (NASDAQ:GBDC) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 2,410,000 shares, a decrease of 8.0% from the October 15th total of 2,620,000 shares. Based on an average daily trading volume, of 1,360,000 shares, the short-interest ratio is presently 1.8 days.

Insider Activity at Golub Capital BDC

In other news, Chairman Lawrence E. Golub acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were purchased at an average cost of $15.04 per share, for a total transaction of $300,800.00. Following the transaction, the chairman now directly owns 1,898,880 shares in the company, valued at $28,559,155.20. This trade represents a 1.06 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired a total of 80,000 shares of company stock valued at $1,197,400 in the last quarter. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Hexagon Capital Partners LLC grew its holdings 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 worth $32,000 after acquiring an additional 1,355 shares during the last quarter. Allworth Financial LP increased its stake in 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 worth $35,000 after purchasing an additional 1,347 shares in the last quarter. Cove Street Capital LLC acquired a new stake in Golub Capital BDC during the 2nd quarter worth about $39,000. Quarry LP purchased a new stake in Golub Capital BDC during the second quarter valued at about $61,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Golub Capital BDC in the second quarter worth about $71,000. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC traded up $0.12 during midday trading on Monday, reaching $15.52. The company’s stock had a trading volume of 1,097,564 shares, compared to its average volume of 1,158,318. Golub Capital BDC has a one year low of $14.05 and a one year high of $17.72. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 9.41 and a beta of 0.54. The company has a 50 day moving average price of $15.16 and a 200 day moving average price of $15.45. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 1.06.

Analysts Set New Price Targets

A number of research analysts have issued reports on GBDC shares. Wells Fargo & Company boosted their price target 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 lowered their target price on shares of 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. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Three investment 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, the company presently has an average rating of “Moderate Buy” and a consensus 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.