Sound Income Strategies LLC lifted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC – Free Report) by 6.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,055,380 shares of the investment management company’s stock after purchasing an additional 172,519 shares during the period. Golub Capital BDC comprises 2.9% of Sound Income Strategies LLC’s portfolio, making the stock its 4th largest holding. Sound Income Strategies LLC’s holdings in Golub Capital BDC were worth $46,320,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Wealth Management LLC acquired a new position in Golub Capital BDC in the fourth quarter valued at about $160,000. Janney Montgomery Scott LLC boosted its stake in Golub Capital BDC by 30.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company’s stock worth $1,744,000 after purchasing an additional 26,764 shares during the period. Kelleher Financial Advisors grew its holdings in shares of Golub Capital BDC by 130.4% during the fourth quarter. Kelleher Financial Advisors now owns 23,052 shares of the investment management company’s stock worth $349,000 after buying an additional 13,048 shares in the last quarter. Simon Quick Advisors LLC grew its stake in shares of Golub Capital BDC by 6.1% during the 4th quarter. Simon Quick Advisors LLC now owns 82,059 shares of the investment management company’s stock worth $1,244,000 after acquiring an additional 4,684 shares in the last quarter. Finally, Amplius Wealth Advisors LLC increased its stake in Golub Capital BDC by 4.2% in the 4th quarter. Amplius Wealth Advisors LLC now owns 50,231 shares of the investment management company’s stock valued at $761,000 after buying an additional 2,007 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on GBDC. Wells Fargo & Company dropped their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 21st. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and an average price target of $16.38.
Golub Capital BDC Stock Up 0.3 %
Shares of NASDAQ:GBDC opened at $15.47 on Friday. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 10.97 and a beta of 0.53. The business’s 50-day moving average is $15.26 and its 200-day moving average is $15.17. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72.
Golub Capital BDC Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 9th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.08%. The ex-dividend date of this dividend was Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is currently 110.64%.
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.
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