Sigma Investment Counselors Inc. Purchases Shares of 722,268 Golub Capital BDC, Inc. (NASDAQ:GBDC)

Sigma Investment Counselors Inc. purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 722,268 shares of the investment management company's stock, valued at approximately $10,935,000. Sigma Investment Counselors Inc. owned about 0.27% of Golub Capital BDC at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Onyx Bridge Wealth Group LLC increased its holdings in shares of Golub Capital BDC by 65.0% in the first quarter. Onyx Bridge Wealth Group LLC now owns 113,646 shares of the investment management company's stock worth $1,721,000 after acquiring an additional 44,760 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Golub Capital BDC by 98.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 39,271 shares of the investment management company's stock valued at $595,000 after purchasing an additional 19,496 shares during the period. BNP Paribas Financial Markets increased its stake in Golub Capital BDC by 60.6% during the 4th quarter. BNP Paribas Financial Markets now owns 138,198 shares of the investment management company's stock worth $2,095,000 after purchasing an additional 52,155 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in Golub Capital BDC by 24.1% during the 1st quarter. Cornerstone Wealth Management LLC now owns 13,092 shares of the investment management company's stock worth $198,000 after purchasing an additional 2,541 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its holdings in Golub Capital BDC by 39.9% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 34,591 shares of the investment management company's stock worth $526,000 after buying an additional 9,858 shares during the period. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 6,059,971 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average price of $15.13 per share, for a total transaction of $91,687,361.23. Following the purchase, the chairman owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.60% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on GBDC. Keefe, Bruyette & Woods lowered their target price on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company reduced their price objective on Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Bank of America dropped their target price on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Golub Capital BDC currently has an average rating of "Moderate Buy" and a consensus price target of $15.50.

Golub Capital BDC Stock Up 0.7%

Shares of NASDAQ:GBDC traded up $0.11 during midday trading on Friday, reaching $15.20. The company had a trading volume of 1,229,429 shares, compared to its average volume of 1,434,438. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.08. The stock has a market cap of $4.05 billion, a PE ratio of 13.45 and a beta of 0.51. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.19. The business's 50 day moving average price is $14.81 and its 200 day moving average price is $14.93.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). Golub Capital BDC had a net margin of 35.50% and a return on equity of 10.59%. The firm had revenue of $211.10 million during the quarter, compared to analyst estimates of $223.89 million. During the same quarter in the prior year, the business earned $0.55 EPS. Research analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.56 annualized dividend and a dividend yield of 10.26%. Golub Capital BDC's dividend payout ratio is currently 138.05%.

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.