Tranquility Partners LLC Grows Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Tranquility Partners LLC raised its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 1.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 350,688 shares of the investment management company’s stock after purchasing an additional 3,848 shares during the quarter. Golub Capital BDC accounts for approximately 1.9% of Tranquility Partners LLC’s portfolio, making the stock its 10th largest position. Tranquility Partners LLC’s holdings in Golub Capital BDC were worth $5,299,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Abundance Wealth Counselors grew its stake in shares of Golub Capital BDC by 289.2% during the second quarter. Abundance Wealth Counselors now owns 187,345 shares of the investment management company’s stock valued at $2,943,000 after purchasing an additional 139,212 shares during the last quarter. TCW Group Inc. boosted its position in Golub Capital BDC by 63.0% in the 2nd quarter. TCW Group Inc. now owns 430,702 shares of the investment management company’s stock valued at $6,766,000 after buying an additional 166,480 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of Golub Capital BDC in the 1st quarter valued at $995,000. Northeast Financial Consultants Inc boosted its holdings in Golub Capital BDC by 151.8% in the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after acquiring an additional 1,268,442 shares during the last quarter. Finally, Boston Partners acquired a new stake in Golub Capital BDC in the first quarter worth about $12,126,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $15.52 on Tuesday. The company has a market capitalization of $2.66 billion, a P/E ratio of 9.41 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. 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 company’s 50 day moving average price is $15.16 and its two-hundred day moving average price is $15.45.

Insider Buying and Selling

In other Golub Capital BDC news, CEO David Golub bought 20,000 shares of Golub Capital BDC stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average price of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the acquisition, the chief executive officer now owns 1,958,880 shares of the company’s stock, valued at $29,206,900.80. This trade represents a 1.03 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders purchased 80,000 shares of company stock valued at $1,197,400. Company insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

GBDC has been the topic of several analyst reports. Oppenheimer restated an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. Wells Fargo & Company boosted their price objective 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. Keefe, Bruyette & Woods lowered their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research 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 data from MarketBeat.com, the company currently has a consensus 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.