Golub Capital BDC, Inc. (NASDAQ:GBDC) Stake Boosted by Muzinich & Co. Inc.

Muzinich & Co. Inc. grew its stake in shares of 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 & Exchange Commission. The institutional investor owned 656,641 shares of the investment management company’s stock after acquiring an additional 5,264 shares during the quarter. Golub Capital BDC comprises approximately 7.0% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 4th largest holding. Muzinich & Co. Inc. owned about 0.38% of Golub Capital BDC worth $9,922,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GBDC. Hexagon Capital Partners LLC lifted its position in Golub Capital BDC by 171.5% during the third quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 1,355 shares during the period. Allworth Financial LP raised its position in shares of 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 purchasing an additional 1,347 shares during the last quarter. Cove Street Capital LLC purchased a new position in shares of Golub Capital BDC in the second quarter valued at approximately $39,000. Quarry LP acquired a new stake in Golub Capital BDC during the 2nd quarter worth $61,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Golub Capital BDC during the second quarter worth about $71,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

Shares of Golub Capital BDC stock opened at $15.40 on Friday. The firm’s 50 day moving average is $15.15 and its two-hundred day moving average is $15.47. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $2.64 billion, a P/E ratio of 9.33 and a beta of 0.54.

Insiders Place Their Bets

In other news, Chairman Lawrence E. Golub acquired 20,000 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was bought at an average price of $14.91 per share, for a total transaction of $298,200.00. Following the transaction, the chairman now owns 1,998,880 shares in the company, valued at $29,803,300.80. This represents a 1.01 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have bought a total of 100,000 shares of company stock valued at $1,491,400 over the last quarter. Company insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company upped their target price on 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 decreased their price target 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 shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Oppenheimer reissued an “outperform” rating and set a $17.00 target price on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Three 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 currently has an average rating of “Moderate Buy” and an average price target of $16.50.

Golub Capital BDC Company 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.