Golub Capital BDC, Inc. $GBDC Stock: Lido Advisors LLC Lowers Holdings

Lido Advisors LLC trimmed its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 21.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 391,404 shares of the investment management company’s stock after selling 106,794 shares during the period. Lido Advisors LLC owned about 0.15% of Golub Capital BDC worth $4,943,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in GBDC. Allworth Financial LP bought a new stake in shares of Golub Capital BDC during the second quarter worth about $25,000. Burk Holdings LLC acquired a new stake in shares of Golub Capital BDC in the 2nd quarter worth about $30,000. Latitude Advisors LLC bought a new position in Golub Capital BDC in the 3rd quarter valued at about $37,000. Main Street Group LTD bought a new position in Golub Capital BDC in the 1st quarter valued at about $47,000. Finally, Fifth Third Bancorp bought a new position in Golub Capital BDC in the 1st quarter valued at about $68,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Stock Down 2.0%

GBDC opened at $12.49 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 1.33. The company’s 50-day moving average is $12.49 and its 200 day moving average is $12.77. Golub Capital BDC, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $14.40. The firm has a market capitalization of $3.24 billion, a P/E ratio of 19.22 and a beta of 0.43.

Analyst Upgrades and Downgrades

A number of analysts have commented on GBDC shares. Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Keefe, Bruyette & Woods dropped their target price on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Finally, Weiss Ratings raised Golub Capital BDC from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Golub Capital BDC presently has an average rating of “Moderate Buy” and an average price target of $13.90.

Golub Capital BDC Profile

Golub Capital BDC, Inc. is a business development company that provides financing to U.S. middle-market businesses. It is externally managed by an affiliate of Golub Capital, a private credit investment firm. The company primarily invests in senior secured loans, including first-lien and unitranche loans, and may also make second-lien loans and equity investments. Its financing supports companies across a range of industries and may be used for acquisitions, growth, refinancing or other business needs.