Golub Capital BDC, Inc. $GBDC Shares Sold by Lido Advisors LLC

Lido Advisors LLC cut its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 21.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 391,404 shares of the investment management company’s stock after selling 106,794 shares during the quarter. Lido Advisors LLC’s holdings in Golub Capital BDC were worth $4,943,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GBDC shares. Weiss Ratings upgraded shares of Golub Capital BDC from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Keefe, Bruyette & Woods decreased their target price on shares of 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, Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and an average target price of $13.90.

Golub Capital BDC Trading Down 2.0%

Shares of GBDC stock opened at $12.49 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.33 and a current ratio of 1.33. Golub Capital BDC, Inc. has a 52-week low of $11.77 and a 52-week high of $14.40. The company has a market capitalization of $3.24 billion, a PE ratio of 19.22 and a beta of 0.43. The business’s fifty day moving average is $12.49 and its 200 day moving average is $12.77.

Golub Capital BDC Company 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.