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

Golub Capital BDC, Inc. (NASDAQ:GBDC) was the recipient of a large decrease in short interest in 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 volume of 1,360,000 shares, the days-to-cover ratio is currently 1.8 days.

Golub Capital BDC Stock Up 0.8 %

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

Insider Buying and Selling

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 20,000 shares of Golub Capital BDC stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $14.91 per share, with a total value of $298,200.00. Following the completion of the transaction, the chairman now directly owns 1,998,880 shares in the company, valued at approximately $29,803,300.80. This represents a 1.01 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders acquired 80,000 shares of company stock valued at $1,197,400. 2.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GBDC. Abundance Wealth Counselors raised its stake in shares of Golub Capital BDC by 289.2% in the 2nd 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 in the last quarter. TCW Group Inc. raised its stake in Golub Capital BDC by 63.0% during the second 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 in the last quarter. Cetera Advisors LLC acquired a new position in shares of Golub Capital BDC in the 1st quarter worth approximately $995,000. Northeast Financial Consultants Inc increased its holdings in shares of Golub Capital BDC by 151.8% in the 2nd 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 bought a new stake in shares of Golub Capital BDC in the 1st quarter valued at approximately $12,126,000. 42.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GBDC shares. Oppenheimer reaffirmed an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods lowered their target price on 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. 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. 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Golub Capital BDC has a consensus rating of “Moderate Buy” and a consensus target price 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.