Golub Capital BDC, Inc. $GBDC is Sound Income Strategies LLC’s 4th Largest Position

Sound Income Strategies LLC increased its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 4.1% during the second quarter, Holdings Channel.com reports. The firm owned 3,313,649 shares of the investment management company’s stock after buying an additional 129,812 shares during the period. Golub Capital BDC makes up 2.8% of Sound Income Strategies LLC’s holdings, making the stock its 4th biggest holding. Sound Income Strategies LLC’s holdings in Golub Capital BDC were worth $48,545,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Strs Ohio acquired a new position in shares of Golub Capital BDC during the first quarter worth $232,864,000. Northeast Financial Consultants Inc grew its position in Golub Capital BDC by 60.4% during the 1st 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 period. Sigma Investment Counselors Inc. acquired a new stake in Golub Capital BDC during the first quarter worth about $10,935,000. Allen Investment Management LLC increased its holdings in shares of Golub Capital BDC by 11.9% during the 1st quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company’s stock valued at $62,615,000 after purchasing an additional 441,050 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Golub Capital BDC in the first quarter valued at $6,491,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

NASDAQ GBDC opened at $13.79 on Monday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 9.71 and a beta of 0.48. The stock has a 50-day moving average of $14.69 and a 200 day moving average of $14.68. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $218.34 million for the quarter, compared to analysts’ expectations of $215.47 million. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%. During the same quarter last year, the company earned $0.39 EPS. Sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a $0.39 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.56 dividend on an annualized basis and a yield of 11.3%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 109.86%.

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.