Castlekeep Investment Advisors LLC purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 81,465 shares of the investment management company's stock, valued at approximately $1,235,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of GBDC. Optiver Holding B.V. lifted its holdings in Golub Capital BDC by 28.7% in the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock valued at $47,000 after buying an additional 688 shares during the period. Signaturefd LLC lifted its stake in shares of Golub Capital BDC by 0.7% in the 4th quarter. Signaturefd LLC now owns 106,746 shares of the investment management company's stock valued at $1,618,000 after purchasing an additional 704 shares during the period. Snowden Capital Advisors LLC boosted its position in shares of Golub Capital BDC by 0.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company's stock valued at $2,839,000 after purchasing an additional 814 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Golub Capital BDC by 36.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock worth $47,000 after purchasing an additional 827 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in Golub Capital BDC by 1.2% during the fourth quarter. Sanctuary Advisors LLC now owns 72,884 shares of the investment management company's stock worth $1,140,000 after purchasing an additional 896 shares during the period. Institutional investors and hedge funds own 42.38% of the company's stock.
Golub Capital BDC Stock Up 0.3%
NASDAQ GBDC traded up $0.05 during mid-day trading on Thursday, hitting $15.22. The company's stock had a trading volume of 475,591 shares, compared to its average volume of 1,451,189. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $16.76. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 11.03 and a beta of 0.55. The company's 50 day simple moving average is $14.48 and its 200 day simple moving average is $15.04. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22.
Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its earnings results 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 return on equity of 11.18% and a net margin of 39.63%. The business had revenue of $211.10 million for the quarter, compared to the consensus estimate of $223.89 million. During the same period in the previous year, the firm earned $0.55 earnings per share. Analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.
Golub Capital BDC Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.25%. The ex-dividend date of this dividend is Friday, June 13th. Golub Capital BDC's dividend payout ratio (DPR) is presently 138.05%.
Analyst Upgrades and Downgrades
GBDC has been the topic of a number of research analyst reports. Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Bank of America reduced their price target on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a report on Monday, May 12th. Wells Fargo & Company dropped their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods reduced their target price on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $15.50.
Read Our Latest Stock Analysis on Golub Capital BDC
About Golub Capital BDC
(
Free Report)
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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