Sigma Investment Counselors Inc. Increases Position in Golub Capital BDC, Inc. $GBDC

Sigma Investment Counselors Inc. boosted its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 6.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 854,280 shares of the investment management company’s stock after acquiring an additional 53,365 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Golub Capital BDC were worth $11,695,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GBDC. Strs Ohio lifted its stake in Golub Capital BDC by 2.6% in the second quarter. Strs Ohio now owns 15,787,656 shares of the investment management company’s stock worth $231,289,000 after acquiring an additional 406,960 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Golub Capital BDC by 5.8% in the 2nd quarter. Bank of America Corp DE now owns 3,621,790 shares of the investment management company’s stock valued at $53,059,000 after purchasing an additional 197,996 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Golub Capital BDC by 2.0% during the 3rd quarter. Sound Income Strategies LLC now owns 3,378,657 shares of the investment management company’s stock worth $45,578,000 after purchasing an additional 65,008 shares during the last quarter. Sage Mountain Advisors LLC grew its stake in shares of Golub Capital BDC by 10.5% during the second quarter. Sage Mountain Advisors LLC now owns 3,033,453 shares of the investment management company’s stock worth $44,440,000 after purchasing an additional 287,391 shares in the last quarter. Finally, Generali Asset Management SPA SGR raised its stake in Golub Capital BDC by 4.7% in the third quarter. Generali Asset Management SPA SGR now owns 2,630,739 shares of the investment management company’s stock valued at $36,015,000 after buying an additional 118,034 shares in the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Capital One Financial set a $15.00 target price on Golub Capital BDC in a research note on Thursday. Wells Fargo & Company upgraded shares of Golub Capital BDC from an “equal weight” rating to an “overweight” rating and set a $14.00 target price for the company in a report on Wednesday, January 7th. Lucid Cap Mkts upgraded shares of Golub Capital BDC to a “strong-buy” rating in a research note on Thursday. Keefe, Bruyette & Woods decreased their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Finally, Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Buy” and a consensus price target of $14.88.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $13.82 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.23. The stock has a 50 day simple moving average of $13.78 and a 200-day simple moving average of $14.24. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 9.73 and a beta of 0.43. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Tuesday, November 18th. The investment management company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. Golub Capital BDC had a return on equity of 10.40% and a net margin of 43.25%.The firm had revenue of $217.84 million for the quarter, compared to analyst estimates of $220.54 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. Golub Capital BDC’s quarterly revenue was down .2% on a year-over-year basis. On average, equities analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 12th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.56 dividend on an annualized basis and a yield of 11.3%. Golub Capital BDC’s payout ratio is currently 109.86%.

Golub Capital BDC Profile

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.