Bank of Montreal Can Acquires 493,325 Shares of Golub Capital BDC, Inc. $GBDC

Bank of Montreal Can grew its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 211.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 726,187 shares of the investment management company’s stock after buying an additional 493,325 shares during the period. Bank of Montreal Can owned 0.27% of Golub Capital BDC worth $10,639,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Strs Ohio acquired a new stake in Golub Capital BDC during the 1st quarter valued at $232,864,000. Northeast Financial Consultants Inc raised its position in shares of Golub Capital BDC by 60.4% in the first quarter. Northeast Financial Consultants Inc now owns 4,120,043 shares of the investment management company’s stock valued at $62,377,000 after purchasing an additional 1,552,223 shares during the period. Generali Asset Management SPA SGR raised its position in shares of Golub Capital BDC by 39.6% in the second quarter. Generali Asset Management SPA SGR now owns 2,512,705 shares of the investment management company’s stock valued at $36,811,000 after purchasing an additional 712,705 shares during the period. Allen Investment Management LLC lifted its stake in shares of Golub Capital BDC by 11.9% during the 1st quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company’s stock worth $62,615,000 after buying an additional 441,050 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Golub Capital BDC during the 1st quarter worth about $6,491,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Golub Capital BDC in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock opened at $13.88 on Friday. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 9.77 and a beta of 0.47. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $16.00. The company has a 50-day simple moving average of $14.08 and a two-hundred day simple moving average of $14.57.

Golub Capital BDC 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.