Golub Capital BDC, Inc. (NASDAQ:GBDC) is Sound Income Strategies LLC's 4th Largest Position

Sound Income Strategies LLC increased its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,055,380 shares of the investment management company's stock after buying an additional 172,519 shares during the quarter. Golub Capital BDC comprises about 2.9% of Sound Income Strategies LLC's holdings, making the stock its 4th largest position. Sound Income Strategies LLC owned approximately 1.16% of Golub Capital BDC worth $46,320,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Northeast Financial Consultants Inc lifted its position in Golub Capital BDC by 151.8% in the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company's stock valued at $33,057,000 after purchasing an additional 1,268,442 shares during the period. Millennium Management LLC lifted its holdings in shares of Golub Capital BDC by 1,170.6% in the 2nd quarter. Millennium Management LLC now owns 786,569 shares of the investment management company's stock valued at $12,357,000 after buying an additional 724,662 shares during the period. Partners Group Holding AG boosted its stake in shares of Golub Capital BDC by 48.2% in the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company's stock valued at $30,139,000 after buying an additional 648,855 shares in the last quarter. LGT Capital Partners LTD. acquired a new position in Golub Capital BDC during the third quarter worth $8,721,000. Finally, Granite FO LLC acquired a new position in Golub Capital BDC during the second quarter worth $8,132,000. Institutional investors and hedge funds own 42.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GBDC shares. StockNews.com raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Friday, November 29th. Wells Fargo & Company lowered 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 research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $16.38.

Golub Capital BDC Trading Up 0.7 %

Shares of GBDC traded up $0.11 during trading hours on Friday, hitting $15.58. The stock had a trading volume of 1,639,276 shares, compared to its average volume of 1,215,744. The firm has a market cap of $4.12 billion, a P/E ratio of 11.05 and a beta of 0.53. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The company's fifty day simple moving average is $15.26 and its 200 day simple moving average is $15.17. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 9th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 10.01%. Golub Capital BDC's payout ratio is 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.