Sumitomo Mitsui Trust Group Inc. Raises Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Sumitomo Mitsui Trust Group Inc. increased its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 645,187 shares of the investment management company’s stock after acquiring an additional 5,264 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Golub Capital BDC were worth $9,749,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GBDC. BNP Paribas Financial Markets boosted its position in shares of Golub Capital BDC by 39.1% during the first quarter. BNP Paribas Financial Markets now owns 6,898 shares of the investment management company’s stock valued at $115,000 after buying an additional 1,940 shares during the period. ProShare Advisors LLC grew its holdings in shares of Golub Capital BDC by 13.6% during the first quarter. ProShare Advisors LLC now owns 23,948 shares of the investment management company’s stock valued at $398,000 after buying an additional 2,867 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Golub Capital BDC during the first quarter valued at $213,000. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of Golub Capital BDC during the first quarter valued at $304,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Golub Capital BDC by 6.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 161,639 shares of the investment management company’s stock valued at $2,692,000 after buying an additional 9,145 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Insider Transactions at Golub Capital BDC

In other news, CEO David Golub purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average price of $14.91 per share, for a total transaction of $298,200.00. Following the acquisition, the chief executive officer now directly owns 1,958,880 shares of the company’s stock, valued at approximately $29,206,900.80. This represents a 1.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 80,000 shares of company stock worth $1,197,400 in the last 90 days. Insiders own 2.70% of the company’s stock.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $15.40 on Monday. The company has a 50 day simple moving average of $15.15 and a 200-day simple moving average of $15.46. The company has a market capitalization of $2.64 billion, a P/E ratio of 9.33 and a beta of 0.54. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72.

Analysts Set New Price Targets

Several research firms have commented on GBDC. Keefe, Bruyette & Woods lowered their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised their price target on shares of Golub Capital BDC from $15.00 to $15.50 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Finally, Oppenheimer reissued an “outperform” rating and issued a $17.00 target price on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and an average 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.