Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Bought by Sound Income Strategies LLC

Sound Income Strategies LLC increased its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 4.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,183,837 shares of the investment management company's stock after acquiring an additional 128,457 shares during the period. Golub Capital BDC accounts for about 2.8% of Sound Income Strategies LLC's holdings, making the stock its 4th largest position. Sound Income Strategies LLC owned about 1.20% of Golub Capital BDC worth $48,203,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GBDC. Optiver Holding B.V. boosted its holdings in Golub Capital BDC by 28.7% during the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock valued at $47,000 after acquiring an additional 688 shares during the period. Signaturefd LLC boosted its stake in Golub Capital BDC by 0.7% during the 4th quarter. Signaturefd LLC now owns 106,746 shares of the investment management company's stock valued at $1,618,000 after purchasing an additional 704 shares during the period. Snowden Capital Advisors LLC grew its holdings in Golub Capital BDC by 0.4% in the 4th quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company's stock valued at $2,839,000 after buying an additional 814 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Golub Capital BDC by 36.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock worth $47,000 after buying an additional 827 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in shares of Golub Capital BDC by 1.2% in the fourth quarter. Sanctuary Advisors LLC now owns 72,884 shares of the investment management company's stock valued at $1,140,000 after acquiring an additional 896 shares during the period. 42.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC traded up $0.17 during midday trading on Wednesday, reaching $14.71. 847,929 shares of the company's stock were exchanged, compared to its average volume of 1,432,150. The company has a debt-to-equity ratio of 1.19, a quick ratio of 3.01 and a current ratio of 3.01. The company's 50 day simple moving average is $14.60 and its two-hundred day simple moving average is $15.00. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.08. The firm has a market capitalization of $3.92 billion, a PE ratio of 13.02 and a beta of 0.52.

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 return on equity of 10.59% and a net margin of 35.50%. The business had revenue of $211.10 million for the quarter, compared to the consensus estimate of $223.89 million. During the same quarter in the prior year, the business earned $0.55 EPS. Equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.61%. The ex-dividend date of this dividend is Friday, June 13th. Golub Capital BDC's dividend payout ratio (DPR) is 138.05%.

Insiders Place Their Bets

In other news, Chairman Lawrence E. Golub bought 6,059,971 shares of Golub Capital BDC stock in a transaction dated Tuesday, May 27th. The shares were bought at an average price of $15.13 per share, for a total transaction of $91,687,361.23. Following the purchase, the chairman now owns 6,059,971 shares of the company's stock, valued at approximately $91,687,361.23. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.60% of the company's stock.

Golub Capital BDC Company 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.