Golub Capital BDC, Inc. (NASDAQ:GBDC) Short Interest Update

Golub Capital BDC, Inc. (NASDAQ:GBDC) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 4,120,000 shares, a growth of 12.3% from the October 15th total of 3,670,000 shares. Based on an average daily trading volume, of 573,000 shares, the days-to-cover ratio is currently 7.2 days. Approximately 2.5% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Raymond James upgraded shares of Golub Capital BDC from a “market perform” rating to an “outperform” rating and set a $15.50 target price for the company in a research note on Wednesday, August 9th. StockNews.com began coverage on Golub Capital BDC in a research note on Thursday, October 5th. They set a “hold” rating for the company. Wells Fargo & Company increased their price target on Golub Capital BDC from $13.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 9th. Finally, Oppenheimer lifted their price objective on shares of Golub Capital BDC from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.50.

Golub Capital BDC Stock Performance

Shares of Golub Capital BDC stock traded up $0.06 on Friday, hitting $14.90. The stock had a trading volume of 477,180 shares, compared to its average volume of 647,087. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 15.30 and a beta of 0.61. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.25. Golub Capital BDC has a twelve month low of $12.27 and a twelve month high of $15.10. The business’s 50 day moving average is $14.43 and its two-hundred day moving average is $13.96.

Institutional Trading of Golub Capital BDC

Several institutional investors have recently added to or reduced their stakes in the company. Creative Planning boosted its position in shares of Golub Capital BDC by 8.9% in the second quarter. Creative Planning now owns 13,879 shares of the investment management company’s stock valued at $187,000 after acquiring an additional 1,130 shares during the period. Tranquility Partners LLC boosted its holdings in Golub Capital BDC by 70.6% in the 1st quarter. Tranquility Partners LLC now owns 341,938 shares of the investment management company’s stock valued at $4,637,000 after purchasing an additional 141,526 shares during the period. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Golub Capital BDC by 6.8% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 35,549 shares of the investment management company’s stock worth $482,000 after purchasing an additional 2,260 shares during the period. Lindbrook Capital LLC raised its position in shares of Golub Capital BDC by 0.4% in the second quarter. Lindbrook Capital LLC now owns 5,036,962 shares of the investment management company’s stock valued at $67,999,000 after buying an additional 18,446 shares in the last quarter. Finally, Olympiad Research LP bought a new stake in shares of Golub Capital BDC in the second quarter valued at approximately $135,000. 40.82% of the stock is currently owned by institutional investors.

Golub Capital BDC Company Profile

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.