Golub Capital BDC, Inc. (NASDAQ:GBDC) is Castlekeep Investment Advisors LLC's 7th Largest Position

Castlekeep Investment Advisors LLC raised its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 320.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 342,447 shares of the investment management company's stock after buying an additional 260,982 shares during the period. Golub Capital BDC accounts for about 2.7% of Castlekeep Investment Advisors LLC's investment portfolio, making the stock its 7th biggest position. Castlekeep Investment Advisors LLC owned 0.13% of Golub Capital BDC worth $5,185,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Onyx Bridge Wealth Group LLC boosted its holdings in shares of Golub Capital BDC by 65.0% in the first quarter. Onyx Bridge Wealth Group LLC now owns 113,646 shares of the investment management company's stock valued at $1,721,000 after buying an additional 44,760 shares during the period. Sigma Investment Counselors Inc. acquired a new position in shares of Golub Capital BDC in the first quarter valued at approximately $10,935,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Golub Capital BDC by 98.6% in the first quarter. Oppenheimer & Co. Inc. now owns 39,271 shares of the investment management company's stock valued at $595,000 after buying an additional 19,496 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Golub Capital BDC by 60.6% in the fourth quarter. BNP Paribas Financial Markets now owns 138,198 shares of the investment management company's stock valued at $2,095,000 after buying an additional 52,155 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its holdings in shares of Golub Capital BDC by 24.1% in the first quarter. Cornerstone Wealth Management LLC now owns 13,092 shares of the investment management company's stock valued at $198,000 after buying an additional 2,541 shares during the period. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Stock Performance

Shares of NASDAQ:GBDC traded up $0.10 during midday trading on Thursday, reaching $15.42. The company had a trading volume of 529,233 shares, compared to its average volume of 1,431,392. The company's 50 day moving average price is $14.88 and its 200 day moving average price is $14.93. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.19. The stock has a market cap of $4.11 billion, a P/E ratio of 13.64 and a beta of 0.51. Golub Capital BDC, Inc. has a 52-week low of $12.68 and a 52-week high of $16.01.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). Golub Capital BDC had a net margin of 35.50% and a return on equity of 10.59%. The business had revenue of $211.10 million for the quarter, compared to analysts' expectations of $223.89 million. During the same period last year, the company earned $0.55 earnings per share. As a group, sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.12%. The ex-dividend date of this dividend was Friday, June 13th. Golub Capital BDC's dividend payout ratio (DPR) is 138.05%.

Insider Buying and Selling at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 6,059,971 shares of Golub Capital BDC stock in a transaction on Tuesday, May 27th. The shares were acquired at an average cost of $15.13 per share, for a total transaction of $91,687,361.23. Following the completion of the transaction, the chairman directly owned 6,059,971 shares of the company's stock, valued at approximately $91,687,361.23. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GBDC shares. Keefe, Bruyette & Woods dropped their price target on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company dropped their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Bank of America dropped their price target on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, Wall Street Zen raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $15.50.

Golub Capital BDC Company 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.