GSA Capital Partners LLP Sells 123,543 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

GSA Capital Partners LLP reduced its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 76.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 37,243 shares of the investment management company’s stock after selling 123,543 shares during the period. GSA Capital Partners LLP’s holdings in Golub Capital BDC were worth $564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC increased its stake in shares of Golub Capital BDC by 22.5% in the fourth quarter. LPL Financial LLC now owns 365,359 shares of the investment management company’s stock valued at $5,539,000 after buying an additional 67,106 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Golub Capital BDC by 2.1% in the fourth quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company’s stock valued at $36,169,000 after purchasing an additional 49,519 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of Golub Capital BDC in the fourth quarter valued at approximately $495,000. Franklin Resources Inc. lifted its holdings in Golub Capital BDC by 71.6% during the fourth quarter. Franklin Resources Inc. now owns 694,587 shares of the investment management company’s stock worth $10,530,000 after acquiring an additional 289,722 shares during the period. Finally, Trexquant Investment LP bought a new stake in Golub Capital BDC during the fourth quarter worth $2,845,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Lawrence E. Golub acquired 6,059,971 shares of Golub Capital BDC stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $15.13 per share, with a total value of $91,687,361.23. Following the transaction, the chairman directly owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.60% of the stock is currently owned by company insiders.

Golub Capital BDC Trading Down 1.6%

GBDC opened at $14.72 on Monday. Golub Capital BDC, Inc. has a one year low of $12.68 and a one year high of $16.00. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 13.03 and a beta of 0.51. The business has a 50 day simple moving average of $14.96 and a two-hundred day simple moving average of $14.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.01 and a quick ratio of 3.01.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). Golub Capital BDC had a return on equity of 10.59% and a net margin of 35.50%. The firm had revenue of $211.10 million during the quarter, compared to the consensus estimate of $223.89 million. During the same period in the prior year, the company posted $0.55 EPS. Analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Bank of America reduced their target price on Golub Capital BDC from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Monday, May 12th. Wells Fargo & Company cut their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods dropped their target price on Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating for the company in a report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.50.

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.