Golub Capital BDC, Inc. $GBDC Shares Sold by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC lessened its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 11.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 335,161 shares of the investment management company’s stock after selling 42,228 shares during the period. Golub Capital BDC comprises 2.1% of Castlekeep Investment Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Castlekeep Investment Advisors LLC owned about 0.13% of Golub Capital BDC worth $4,548,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GBDC. Main Street Group LTD acquired a new position in Golub Capital BDC during the 3rd quarter worth approximately $51,000. Advisory Services Network LLC acquired a new position in Golub Capital BDC during the 3rd quarter worth approximately $77,000. Clearstead Advisors LLC grew its holdings in Golub Capital BDC by 48.6% during the 4th quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock worth $81,000 after acquiring an additional 1,941 shares in the last quarter. Allworth Financial LP grew its holdings in Golub Capital BDC by 213.5% during the 3rd quarter. Allworth Financial LP now owns 6,872 shares of the investment management company’s stock worth $94,000 after acquiring an additional 4,680 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Golub Capital BDC during the 4th quarter worth approximately $109,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on GBDC. Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday, March 27th. Keefe, Bruyette & Woods lowered their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Wells Fargo & Company lowered their target price on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Finally, Oppenheimer restated an “outperform” rating and issued a $14.00 target price on shares of Golub Capital BDC in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Golub Capital BDC Trading Down 0.1%

Shares of Golub Capital BDC stock opened at $13.08 on Thursday. The company has a fifty day simple moving average of $12.96 and a 200-day simple moving average of $13.18. Golub Capital BDC, Inc. has a 12-month low of $11.77 and a 12-month high of $15.63. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.25. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 16.99 and a beta of 0.41.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. The company had revenue of ($5.28) million during the quarter, compared to analyst estimates of $201.71 million. During the same quarter in the previous year, the company posted $0.30 EPS. On average, equities analysts forecast that Golub Capital BDC, Inc. will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a $0.33 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.32 annualized dividend and a yield of 10.1%. Golub Capital BDC’s dividend payout ratio is 171.43%.

About Golub Capital BDC

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.