Golub Capital BDC, Inc. $GBDC Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 51.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 146,434 shares of the investment management company’s stock after selling 155,951 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Golub Capital BDC were worth $2,145,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GBDC. Quarry LP acquired a new stake in shares of Golub Capital BDC in the first quarter worth $34,000. VSM Wealth Advisory LLC boosted its holdings in Golub Capital BDC by 102.0% in the first quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 1,295 shares during the last quarter. SVB Wealth LLC acquired a new stake in Golub Capital BDC during the 1st quarter worth about $50,000. AlphaQuest LLC raised its stake in shares of Golub Capital BDC by 44.7% during the 1st quarter. AlphaQuest LLC now owns 7,067 shares of the investment management company’s stock valued at $107,000 after buying an additional 2,184 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Golub Capital BDC by 31.8% during the 2nd quarter. Blue Trust Inc. now owns 7,908 shares of the investment management company’s stock valued at $116,000 after buying an additional 1,907 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Thursday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.00.

Golub Capital BDC Price Performance

NASDAQ:GBDC opened at $13.61 on Tuesday. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.28. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00. The stock’s 50-day moving average price is $13.97 and its 200-day moving average price is $14.55. The stock has a market capitalization of $3.63 billion, a PE ratio of 9.58 and a beta of 0.47.

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.