Castlekeep Investment Advisors LLC Acquires New Shares in Golub Capital BDC, Inc. $GBDC

Key Points

• Castlekeep Investment Advisors acquired 366,121 shares of Golub Capital BDC in the second quarter, worth approximately $4.7 million, making GBDC 2.4% of its portfolio. Institutional investors and hedge funds collectively own 42.38% of the company.
• Director Lawrence E. Golub sold 1.68 million shares for approximately $21.9 million, while corporate insiders retain a 1.40% ownership stake.
• Analysts maintain a generally positive outlook, with GBDC carrying a “Moderate Buy” consensus rating and a $13.90 price target. The company reported quarterly EPS of $0.34, slightly above estimates, and announced a $0.33 quarterly dividend yielding about 10.1% annually.

Castlekeep Investment Advisors LLC acquired a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 366,121 shares of the investment management company's stock, valued at approximately $4,716,000. Golub Capital BDC comprises 2.4% of Castlekeep Investment Advisors LLC's holdings, making the stock its 14th biggest position. Castlekeep Investment Advisors LLC owned about 0.14% of Golub Capital BDC at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp acquired a new stake in shares of Golub Capital BDC in the second quarter valued at approximately $47,015,000. Lalia Capital LLC acquired a new position in shares of Golub Capital BDC during the second quarter worth approximately $33,556,000. Legal & General Group Plc bought a new position in Golub Capital BDC in the 2nd quarter worth approximately $31,483,000. JPMorgan Chase & Co. grew its holdings in Golub Capital BDC by 53.7% in the 4th quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company's stock worth $53,158,000 after buying an additional 1,368,759 shares in the last quarter. Finally, BlackRock Inc. acquired a new stake in Golub Capital BDC in the 2nd quarter valued at approximately $16,206,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Lawrence E. Golub sold 1,676,387 shares of Golub Capital BDC stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $13.06, for a total transaction of $21,893,614.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GBDC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their target price on Golub Capital BDC from $14.00 to $13.50 and set an "outperform" rating on the stock in a research note on Wednesday, August 5th. Zacks Research raised Golub Capital BDC from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. Royal Bank Of Canada cut their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Thursday, May 7th. Wall Street Zen raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $13.90.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC opened at $13.11 on Wednesday. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 20.17 and a beta of 0.39. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 1.33. Golub Capital BDC, Inc. has a 12 month low of $11.77 and a 12 month high of $14.93. The stock's 50 day moving average price is $12.90 and its 200 day moving average price is $12.83.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.The firm had revenue of $98.53 million during the quarter, compared to analyst estimates of $189.91 million. During the same period last year, the company posted $0.39 EPS. Equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.32 annualized dividend and a yield of 10.1%. Golub Capital BDC's dividend payout ratio (DPR) is currently 203.08%.

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.

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