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

Tranquility Partners LLC boosted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 350,688 shares of the investment management company’s stock after buying an additional 3,848 shares during the quarter. Golub Capital BDC comprises 1.9% of Tranquility Partners LLC’s portfolio, making the stock its 10th biggest holding. Tranquility Partners LLC owned 0.20% of Golub Capital BDC worth $5,299,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GBDC. BNP Paribas Financial Markets raised its stake in shares of Golub Capital BDC by 39.1% in the 1st quarter. BNP Paribas Financial Markets now owns 6,898 shares of the investment management company’s stock valued at $115,000 after acquiring an additional 1,940 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Golub Capital BDC by 13.6% in the first quarter. ProShare Advisors LLC now owns 23,948 shares of the investment management company’s stock valued at $398,000 after purchasing an additional 2,867 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of Golub Capital BDC by 6.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 161,639 shares of the investment management company’s stock worth $2,692,000 after buying an additional 9,145 shares during the last quarter. Mattern Wealth Management LLC boosted its holdings in shares of Golub Capital BDC by 30.0% during the 1st quarter. Mattern Wealth Management LLC now owns 13,000 shares of the investment management company’s stock worth $216,000 after buying an additional 3,000 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in Golub Capital BDC by 13.9% in the 1st quarter. Advisors Asset Management Inc. now owns 114,104 shares of the investment management company’s stock valued at $1,898,000 after buying an additional 13,901 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors.

Insider Activity at Golub Capital BDC

In related news, Chairman Lawrence E. Golub purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price of $14.91 per share, with a total value of $298,200.00. Following the purchase, the chairman now directly 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 legal filing with the SEC, which is available through the SEC website. Insiders have acquired a total of 80,000 shares of company stock valued at $1,197,400 over the last quarter. 0.01% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GBDC shares. Keefe, Bruyette & Woods decreased their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company lifted 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. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Oppenheimer restated an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.50.

Golub Capital BDC Trading Up 0.8 %

Shares of GBDC stock opened at $15.52 on Tuesday. The firm has a fifty day moving average of $15.16 and a 200-day moving average of $15.45. The stock has a market cap of $2.66 billion, a price-to-earnings 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.

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.