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

Key Points

• Sigma Investment Counselors Inc. increased its stake in Golub Capital BDC by 10.9%, owning approximately 800,915 shares valued at $11.73 million after acquiring additional shares in Q2.
• The recent quarterly dividend announced was $0.39 per share with an annualized yield of 11.2%, despite a payout ratio of 109.86%.
• Golub Capital BDC's stock has seen a trading increase of 1.8%, with the current market cap sitting at $3.71 billion and a PE ratio of 9.80.

Sigma Investment Counselors Inc. grew its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 10.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 800,915 shares of the investment management company's stock after acquiring an additional 78,647 shares during the quarter. Sigma Investment Counselors Inc. owned about 0.30% of Golub Capital BDC worth $11,733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio purchased a new stake in shares of Golub Capital BDC in the first quarter valued at $232,864,000. Allen Investment Management LLC grew its holdings in shares of Golub Capital BDC by 11.9% in the first quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company's stock worth $62,615,000 after purchasing an additional 441,050 shares during the last quarter. Northeast Financial Consultants Inc grew its holdings in shares of Golub Capital BDC by 60.4% in the first quarter. Northeast Financial Consultants Inc now owns 4,120,043 shares of the investment management company's stock worth $62,377,000 after purchasing an additional 1,552,223 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Golub Capital BDC by 4.1% in the second quarter. Sound Income Strategies LLC now owns 3,313,649 shares of the investment management company's stock worth $48,545,000 after purchasing an additional 129,812 shares during the last quarter. Finally, Sage Mountain Advisors LLC grew its holdings in shares of Golub Capital BDC by 9.4% in the first quarter. Sage Mountain Advisors LLC now owns 2,746,062 shares of the investment management company's stock worth $41,575,000 after purchasing an additional 236,613 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company's stock.

Golub Capital BDC Trading Up 1.8%

NASDAQ GBDC opened at $13.92 on Friday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.00. The company's 50-day moving average price is $14.29 and its 200-day moving average price is $14.54. The stock has a market cap of $3.71 billion, a PE ratio of 9.80 and a beta of 0.48.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%. The company had revenue of $218.34 million for the quarter, compared to analysts' expectations of $215.47 million. During the same period in the prior year, the business earned $0.39 EPS. Equities research analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 11.2%. The ex-dividend date was Monday, September 15th. Golub Capital BDC's dividend payout ratio is presently 109.86%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Golub Capital BDC in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $15.00.

About Golub Capital BDC

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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