Sigma Investment Counselors Inc. Takes $10.94 Million Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Sigma Investment Counselors Inc. purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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.

Several other hedge funds also recently modified their holdings of GBDC. Future Financial Wealth Managment LLC boosted its stake in shares of Golub Capital BDC by 130.0% during the 1st quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company's stock worth $45,000 after purchasing an additional 1,690 shares during the last quarter. Optiver Holding B.V. boosted its stake in shares of Golub Capital BDC by 28.7% during the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock worth $47,000 after purchasing an additional 688 shares during the last quarter. Hurley Capital LLC acquired a new stake in shares of Golub Capital BDC in the fourth quarter worth approximately $50,000. Hexagon Capital Partners LLC boosted its position in shares of Golub Capital BDC by 31.6% in the first quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company's stock worth $55,000 after acquiring an additional 868 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Golub Capital BDC by 794.3% in the first quarter. Blue Trust Inc. now owns 6,001 shares of the investment management company's stock worth $91,000 after acquiring an additional 5,330 shares during the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Stock Up 0.7%

Shares of GBDC traded up $0.11 during mid-day trading on Tuesday, reaching $14.85. 1,098,905 shares of the stock traded hands, compared to its average volume of 1,438,782. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 13.14 and a beta of 0.51. The stock has a fifty day simple moving average of $14.75 and a 200 day simple moving average of $14.94. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $16.08. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.19.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). The firm had revenue of $211.10 million for the quarter, compared to analysts' expectations of $223.89 million. Golub Capital BDC had a net margin of 35.50% and a return on equity of 10.59%. During the same quarter in the prior year, the business earned $0.55 EPS. Sell-side analysts expect 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. Shareholders of record on Friday, June 13th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, June 13th. This represents a $1.56 annualized dividend and a yield of 10.51%. Golub Capital BDC's payout ratio is 138.05%.

Insiders Place Their Bets

In other Golub Capital BDC news, Chairman Lawrence E. Golub bought 6,059,971 shares of the stock in a transaction on Tuesday, May 27th. The stock was purchased at an average price of $15.13 per share, for a total transaction of $91,687,361.23. Following the completion of the purchase, the chairman directly owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.