Golub Capital BDC, Inc. $GBDC Stock: Sigma Investment Counselors Inc. Raises Position

Sigma Investment Counselors Inc. raised its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 973,116 shares of the investment management company’s stock after purchasing an additional 50,677 shares during the period. Sigma Investment Counselors Inc. owned about 0.37% of Golub Capital BDC worth $12,290,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. HighTower Advisors LLC grew its stake in Golub Capital BDC by 4.2% in the 2nd quarter. HighTower Advisors LLC now owns 7,345,885 shares of the investment management company’s stock valued at $94,615,000 after acquiring an additional 299,240 shares during the period. Bank of New York Mellon Corp purchased a new stake in Golub Capital BDC in the 2nd quarter worth $2,191,000. BlackRock Inc. acquired a new position in Golub Capital BDC during the second quarter worth $16,206,000. Orographic Financial Advisors LLC acquired a new position in Golub Capital BDC during the first quarter worth $1,069,000. Finally, Bank of America Corp DE acquired a new position in Golub Capital BDC during the second quarter worth $43,696,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on GBDC. Keefe, Bruyette & Woods dropped their target price on shares of Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Golub Capital BDC from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. Finally, Zacks Research upgraded shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given 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 a consensus target price of $13.90.

Golub Capital BDC Stock Up 2.0%

Shares of NASDAQ:GBDC opened at $12.36 on Wednesday. Golub Capital BDC, Inc. has a 1 year low of $11.77 and a 1 year high of $14.40. The business’s 50 day moving average price is $12.57 and its 200-day moving average price is $12.83.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $98.53 million during the quarter, compared to analyst estimates of $189.91 million. During the same period in the prior year, the company posted $0.39 earnings per share. As a group, equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.36 EPS for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.7%.

Insider Activity

In related news, Director Lawrence Golub sold 1,676,387 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $13.06, for a total transaction of $21,893,614.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by insiders.

About Golub Capital BDC

Golub Capital BDC, Inc is a business development company that provides financing to middle-market companies. The company primarily invests in senior secured loans and other debt investments, with the objective of generating current income and, to a lesser extent, capital appreciation.

Its investment portfolio generally consists of loans to established businesses across a range of industries. Golub Capital BDC may also make subordinated debt and equity-related investments, allowing it to provide flexible financing solutions alongside private equity sponsors and other financial partners.

The company focuses primarily on middle-market businesses in the United States.