Golub Capital BDC, Inc. $GBDC Stock Position Increased by Sound Income Strategies LLC

Key Points

• Sound Income Strategies LLC increased its stake in Golub Capital BDC by 4.1%, owning approximately 3.31 million shares valued at around $48.5 million, making it the fourth largest position in its portfolio.
• Golub Capital BDC reported earnings of $0.39 per share, surpassing the consensus estimate and having a net margin of 42.81%, with quarterly revenue of $218.34 million.
• The company announced a quarterly dividend of $0.39 per share, resulting in an annualized dividend yield of 11.3% and a dividend payout ratio of 109.86%.

Sound Income Strategies LLC boosted its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,313,649 shares of the investment management company's stock after purchasing an additional 129,812 shares during the period. Golub Capital BDC makes up approximately 2.8% of Sound Income Strategies LLC's holdings, making the stock its 4th largest position. Sound Income Strategies LLC owned about 1.24% of Golub Capital BDC worth $48,545,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GraniteShares Advisors LLC increased its holdings in Golub Capital BDC by 6.7% during the second quarter. GraniteShares Advisors LLC now owns 184,735 shares of the investment management company's stock valued at $2,706,000 after buying an additional 11,550 shares during the last quarter. Prairiewood Capital LLC grew its stake in Golub Capital BDC by 6.2% during the second quarter. Prairiewood Capital LLC now owns 341,092 shares of the investment management company's stock valued at $4,997,000 after acquiring an additional 19,827 shares in the last quarter. Colton Groome Financial Advisors LLC bought a new stake in shares of Golub Capital BDC in the second quarter worth about $149,000. Perigon Wealth Management LLC increased its stake in Golub Capital BDC by 9.0% in the 2nd quarter. Perigon Wealth Management LLC now owns 11,894 shares of the investment management company's stock worth $174,000 after acquiring an additional 983 shares during the last quarter. Finally, Riverbridge Partners LLC raised its stake in Golub Capital BDC by 3.6% during the second quarter. Riverbridge Partners LLC now owns 45,840 shares of the investment management company's stock valued at $672,000 after purchasing an additional 1,611 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company's stock.

Golub Capital BDC Trading Up 0.3%

Shares of NASDAQ GBDC opened at $13.79 on Monday. The stock has a market capitalization of $3.67 billion, a P/E ratio of 9.71 and a beta of 0.48. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.37 and a quick ratio of 2.37. The business's 50 day moving average is $14.69 and its two-hundred day moving average is $14.68. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.00.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.The company had revenue of $218.34 million for the quarter, compared to analyst estimates of $215.47 million. During the same quarter in the prior year, the firm posted $0.39 EPS. As a group, research analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 11.3%. The ex-dividend date is Monday, September 15th. Golub Capital BDC's dividend payout ratio (DPR) is 109.86%.

Golub Capital BDC 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.

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