Sigma Investment Counselors Inc. Acquires 78,647 Shares of Golub Capital BDC, Inc. $GBDC

Sigma Investment Counselors Inc. boosted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 10.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 800,915 shares of the investment management company’s stock after acquiring an additional 78,647 shares during the period. Sigma Investment Counselors Inc.’s holdings in Golub Capital BDC were worth $11,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of GBDC. Strs Ohio purchased a new stake in shares of Golub Capital BDC during the first quarter valued at about $232,864,000. Northeast Financial Consultants Inc lifted its position in shares of Golub Capital BDC by 60.4% during 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 buying an additional 1,552,223 shares during the last quarter. Generali Asset Management SPA SGR lifted its position in shares of Golub Capital BDC by 39.6% during 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 buying an additional 712,705 shares during the last quarter. Allen Investment Management LLC lifted its position in shares of Golub Capital BDC by 11.9% during the first quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company’s stock valued at $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 purchased a new stake in shares of Golub Capital BDC during the first quarter valued at about $6,491,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Golub Capital BDC in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Golub Capital BDC presently has an average rating of “Moderate Buy” and an average price target of $15.00.

Golub Capital BDC Stock Performance

Shares of Golub Capital BDC stock opened at $13.92 on Friday. The firm has a market capitalization of $3.71 billion, a P/E ratio of 9.80 and a beta of 0.48. 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 company has a 50 day moving average price of $14.29 and a 200 day moving average price of $14.54. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $218.34 million during the quarter, compared to analyst estimates of $215.47 million. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%. During the same period last year, the firm posted $0.39 EPS. Sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend was Monday, September 15th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 109.86%.

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.