Sound Income Strategies LLC Boosts Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Sound Income Strategies LLC increased its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,882,861 shares of the investment management company’s stock after acquiring an additional 137,813 shares during the quarter. Golub Capital BDC accounts for approximately 2.8% of Sound Income Strategies LLC’s portfolio, making the stock its 4th largest position. Sound Income Strategies LLC’s holdings in Golub Capital BDC were worth $43,560,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Golub Capital BDC in the 1st quarter worth approximately $878,000. Baillie Gifford & Co. raised its position in Golub Capital BDC by 37.5% in the first quarter. Baillie Gifford & Co. now owns 307,486 shares of the investment management company’s stock worth $5,113,000 after acquiring an additional 83,787 shares during the period. Abundance Wealth Counselors boosted its stake in Golub Capital BDC by 289.2% in the second quarter. Abundance Wealth Counselors now owns 187,345 shares of the investment management company’s stock valued at $2,943,000 after acquiring an additional 139,212 shares during the last quarter. TCW Group Inc. grew its position in shares of Golub Capital BDC by 63.0% during the 2nd quarter. TCW Group Inc. now owns 430,702 shares of the investment management company’s stock valued at $6,766,000 after acquiring an additional 166,480 shares during the period. Finally, Naviter Wealth LLC increased its stake in shares of Golub Capital BDC by 965.8% during the 1st quarter. Naviter Wealth LLC now owns 144,604 shares of the investment management company’s stock worth $2,405,000 after purchasing an additional 131,036 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Golub Capital BDC

In related news, Director Anita J. Rival acquired 26,000 shares of Golub Capital BDC stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $14.40 per share, with a total value of $374,400.00. Following the transaction, the director now directly owns 95,000 shares in the company, valued at approximately $1,368,000. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Golub Capital BDC news, CEO David Golub acquired 20,000 shares of Golub Capital BDC stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of $14.70 per share, for a total transaction of $294,000.00. Following the acquisition, the chief executive officer now owns 1,758,880 shares of the company’s stock, valued at $25,855,536. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Anita J. Rival purchased 26,000 shares of Golub Capital BDC stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $14.40 per share, with a total value of $374,400.00. Following the completion of the purchase, the director now directly owns 95,000 shares of the company’s stock, valued at approximately $1,368,000. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 146,000 shares of company stock valued at $2,159,400. Corporate insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GBDC shares. Wells Fargo & Company cut their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Thursday. Keefe, Bruyette & Woods cut their target price on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $17.00 target price on shares of Golub Capital BDC in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.40.

Golub Capital BDC Trading Up 0.2 %

GBDC traded up $0.03 during trading on Friday, hitting $15.09. 810,843 shares of the stock traded hands, compared to its average volume of 1,169,408. The firm has a market capitalization of $2.59 billion, a P/E ratio of 7.43 and a beta of 0.53. Golub Capital BDC, Inc. has a 12-month low of $14.02 and a 12-month high of $17.72. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. The firm has a 50-day moving average of $14.86 and a 200 day moving average of $15.72.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The business had revenue of $171.27 million during the quarter, compared to the consensus estimate of $205.24 million. Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. During the same quarter in the prior year, the business posted $0.44 earnings per share. Equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.92 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a dividend of $0.39 per share. The ex-dividend date was Friday, August 30th. This represents a $1.56 annualized dividend and a yield of 10.34%. Golub Capital BDC’s payout ratio is 76.85%.

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.