Golub Capital BDC, Inc. $GBDC Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC boosted its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,602,799 shares of the investment management company’s stock after purchasing an additional 224,142 shares during the period. Golub Capital BDC makes up about 2.4% of Sound Income Strategies LLC’s investment portfolio, making the stock its 4th biggest holding. Sound Income Strategies LLC’s holdings in Golub Capital BDC were worth $49,791,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GBDC. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Golub Capital BDC during the third quarter valued at about $33,000. CWM LLC grew its stake in shares of Golub Capital BDC by 13,588.0% during the third quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 3,397 shares in the last quarter. Main Street Group LTD acquired a new stake in shares of Golub Capital BDC during the third quarter valued at about $51,000. Advisory Services Network LLC acquired a new stake in shares of Golub Capital BDC during the third quarter valued at about $77,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Golub Capital BDC during the third quarter valued at about $78,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on GBDC. Keefe, Bruyette & Woods lowered their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Friday, March 27th. Wells Fargo & Company lowered their target price on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Wall Street Zen downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, March 15th. Finally, Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Golub Capital BDC currently has an average rating of “Buy” and an average price target of $14.38.

Golub Capital BDC Stock Up 0.9%

NASDAQ:GBDC opened at $12.81 on Tuesday. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 10.25 and a beta of 0.40. Golub Capital BDC, Inc. has a one year low of $11.77 and a one year high of $15.63. The stock has a 50-day simple moving average of $12.53 and a 200 day simple moving average of $13.37. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.24 and a current ratio of 2.24.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. The business had revenue of $110.18 million during the quarter, compared to the consensus estimate of $208.89 million. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.During the same period last year, the firm earned $0.42 earnings per share. Sell-side analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 13th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date was Friday, March 13th. Golub Capital BDC’s dividend payout ratio (DPR) is 105.60%.

Golub Capital BDC Company Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.