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

Castlekeep Investment Advisors LLC acquired a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) 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) 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.