Golub Capital BDC, Inc. $GBDC Stock Purchased by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. increased its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 5.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 973,116 shares of the investment management company’s stock after acquiring an additional 50,677 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Golub Capital BDC were worth $12,290,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Strs Ohio boosted its stake in Golub Capital BDC by 2.6% during the first quarter. Strs Ohio now owns 17,140,532 shares of the investment management company’s stock worth $216,999,000 after buying an additional 435,772 shares during the last quarter. HighTower Advisors LLC grew its holdings 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 buying an additional 299,240 shares in the last quarter. Van ECK Associates Corp grew its holdings in Golub Capital BDC by 11.0% in the 2nd quarter. Van ECK Associates Corp now owns 4,710,275 shares of the investment management company’s stock valued at $60,668,000 after buying an additional 466,249 shares in the last quarter. Corient Private Wealth LP acquired a new stake in shares of Golub Capital BDC in the 2nd quarter worth $50,833,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Golub Capital BDC in the 2nd quarter worth $47,015,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Trading Up 2.0%

GBDC opened at $12.36 on Wednesday. Golub Capital BDC, Inc. has a one year low of $11.77 and a one 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 issued its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $98.53 million during the quarter, compared to analysts’ expectations of $189.91 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. As a group, analysts predict that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current year.

Golub Capital BDC Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on GBDC. Keefe, Bruyette & Woods lowered their price target 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. 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. 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, 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. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.90.

Insider Activity at Golub Capital BDC

In other news, Director Lawrence Golub sold 1,676,387 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $13.06, for a total value of $21,893,614.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by company insiders.

Golub Capital BDC Profile

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.