Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. cut its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 11.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,649 shares of the investment management company’s stock after selling 3,238 shares during the period. Kovack Advisors Inc.’s holdings in Golub Capital BDC were worth $372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nicholas Hoffman & Company LLC. increased its holdings in Golub Capital BDC by 1.8% in 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 last quarter. Neville Rodie & Shaw Inc. raised its holdings 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 buying an additional 715 shares during the period. Silvercrest Asset Management Group LLC lifted its stake in Golub Capital BDC by 3.0% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company’s stock worth $550,000 after acquiring an additional 970 shares in the last quarter. Wedbush Securities Inc. boosted its holdings 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 acquiring an additional 1,000 shares during the period. Finally, Onyx Bridge Wealth Group LLC grew its position in Golub Capital BDC by 2.6% in 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 acquiring an additional 1,123 shares in the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO David Golub purchased 20,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were bought at an average cost of $14.70 per share, for a total transaction of $294,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,758,880 shares of the company’s stock, valued at approximately $25,855,536. This trade represents a 1.15 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders bought 100,000 shares of company stock worth $1,491,400. Corporate insiders own 2.70% of the company’s stock.

Golub Capital BDC Trading Up 0.3 %

NASDAQ GBDC opened at $15.40 on Friday. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72. The firm has a 50 day moving average of $15.13 and a two-hundred day moving average of $15.50. The stock has a market capitalization of $2.64 billion, a PE ratio of 9.33 and a beta of 0.54. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GBDC shares. Wells Fargo & Company raised 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 research note on Tuesday, October 29th. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods cut their price objective 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. Finally, Oppenheimer reiterated an “outperform” rating and issued a $17.00 target price on shares of Golub Capital BDC in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.50.

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.