Castle Wealth Management LLC Makes New $249,000 Investment in Golub Capital BDC, Inc. $GBDC

Castle Wealth Management LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,027 shares of the investment management company’s stock, valued at approximately $249,000.

Other institutional investors have also modified their holdings of the company. Onyx Bridge Wealth Group LLC raised its holdings in shares of Golub Capital BDC by 65.0% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 113,646 shares of the investment management company’s stock worth $1,721,000 after acquiring an additional 44,760 shares during the period. Sigma Investment Counselors Inc. purchased a new position in shares of Golub Capital BDC during the 1st quarter worth $10,935,000. Oppenheimer & Co. Inc. raised its holdings in shares of Golub Capital BDC by 98.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 39,271 shares of the investment management company’s stock worth $595,000 after acquiring an additional 19,496 shares during the period. Arcus Capital Partners LLC purchased a new position in shares of Golub Capital BDC during the 1st quarter worth $666,000. Finally, Adams Asset Advisors LLC raised its holdings in shares of Golub Capital BDC by 71.7% during the 2nd quarter. Adams Asset Advisors LLC now owns 137,723 shares of the investment management company’s stock worth $2,018,000 after acquiring an additional 57,533 shares during the period. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Trading Down 0.1%

NASDAQ GBDC opened at $14.05 on Thursday. The firm’s 50-day moving average is $14.24 and its two-hundred day moving average is $14.53. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.00. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.37 and a quick ratio of 2.37. The stock has a market capitalization of $3.74 billion, a P/E ratio of 9.89 and a beta of 0.48.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%. The company had revenue of $218.34 million for the quarter, compared to analysts’ expectations of $215.47 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. On average, sell-side 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 announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were given a $0.39 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.56 dividend on an annualized basis and a yield of 11.1%. Golub Capital BDC’s dividend payout ratio is presently 109.86%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Golub Capital BDC in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

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.