Castlekeep Investment Advisors LLC Makes New $1.24 Million Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Castlekeep Investment Advisors LLC bought a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 81,465 shares of the investment management company's stock, valued at approximately $1,235,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in Golub Capital BDC by 413.1% in the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock worth $36,000 after buying an additional 1,921 shares in the last quarter. Optiver Holding B.V. raised its stake in shares of Golub Capital BDC by 28.7% during the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock valued at $47,000 after purchasing an additional 688 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of 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 valued at $47,000 after purchasing an additional 827 shares in the last quarter. Hurley Capital LLC acquired a new stake in Golub Capital BDC in the fourth quarter worth about $50,000. Finally, Cornerstone Wealth Management LLC bought a new position in Golub Capital BDC in the 4th quarter valued at about $160,000. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Stock Performance

Shares of NASDAQ GBDC traded up $0.18 during trading hours on Tuesday, hitting $15.13. 1,036,464 shares of the company's stock were exchanged, compared to its average volume of 1,453,889. The company's 50-day moving average price is $14.48 and its 200-day moving average price is $15.04. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.76. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 10.96 and a beta of 0.55. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 EPS for the quarter, missing analysts' consensus estimates 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 analyst estimates of $223.89 million. During the same quarter last year, the firm earned $0.55 earnings per share. On average, sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors 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 10.31%. The ex-dividend date is Friday, June 13th. Golub Capital BDC's payout ratio is presently 138.05%.

Analyst Upgrades and Downgrades

GBDC has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on 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. Wall Street Zen raised Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Bank of America cut 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. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.