Sound Income Strategies LLC Raises Stock Position in Golub Capital BDC, Inc. $GBDC

Sound Income Strategies LLC raised its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 4.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,750,533 shares of the investment management company’s stock after purchasing an additional 147,734 shares during the period. Golub Capital BDC accounts for approximately 2.3% of Sound Income Strategies LLC’s investment portfolio, making the stock its 3rd biggest position. Sound Income Strategies LLC’s holdings in Golub Capital BDC were worth $46,882,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in Golub Capital BDC in the third quarter valued at approximately $77,000. Clearstead Advisors LLC raised its stake in Golub Capital BDC by 48.6% during the fourth quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock worth $81,000 after buying an additional 1,941 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Golub Capital BDC by 104.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock valued at $87,000 after acquiring an additional 3,287 shares during the last quarter. Allworth Financial LP grew its holdings in Golub Capital BDC by 213.5% during the 3rd quarter. Allworth Financial LP now owns 6,872 shares of the investment management company’s stock worth $94,000 after acquiring an additional 4,680 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Golub Capital BDC in the 4th quarter worth about $109,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GBDC. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Oppenheimer restated an “outperform” rating and issued a $14.00 target price on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Zacks Research lowered Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Royal Bank Of Canada dropped their price target on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Finally, Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Golub Capital BDC currently has an average rating of “Moderate Buy” and an average price target of $14.00.

Golub Capital BDC Stock Up 1.2%

Golub Capital BDC stock opened at $12.99 on Friday. Golub Capital BDC, Inc. has a 1-year low of $11.77 and a 1-year high of $15.63. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 16.87 and a beta of 0.39. The firm’s fifty day moving average price is $12.99 and its two-hundred day moving average price is $12.97. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.25.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.The business had revenue of ($5.28) million during the quarter, compared to analyst estimates of $201.71 million. During the same quarter in the prior year, the company earned $0.30 EPS. On average, equities research analysts predict that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.32 annualized dividend and a dividend yield of 10.2%. Golub Capital BDC’s dividend payout ratio is 171.43%.

About Golub Capital BDC

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.