Castlekeep Investment Advisors LLC Cuts Stake in Golub Capital BDC, Inc. $GBDC

Castlekeep Investment Advisors LLC lessened its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 11.2% in the fourth quarter, according to its most recent 13F 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 quarter. Golub Capital BDC accounts for 2.1% of Castlekeep Investment Advisors LLC’s investment portfolio, making the stock its 11th largest position. Castlekeep Investment Advisors LLC’s holdings in Golub Capital BDC were worth $4,548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Truist Financial Corp increased its holdings in shares of Golub Capital BDC by 5.6% in the 3rd quarter. Truist Financial Corp now owns 19,603 shares of the investment management company’s stock valued at $268,000 after purchasing an additional 1,035 shares in the last quarter. Keel Point LLC increased its holdings in shares of Golub Capital BDC by 2.7% in the 2nd quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock valued at $584,000 after purchasing an additional 1,039 shares in the last quarter. Beverly Hills Private Wealth LLC increased its holdings in shares of Golub Capital BDC by 6.2% in the 3rd quarter. Beverly Hills Private Wealth LLC now owns 20,516 shares of the investment management company’s stock valued at $281,000 after purchasing an additional 1,200 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Golub Capital BDC by 3.8% in the 3rd quarter. Mackenzie Financial Corp now owns 42,767 shares of the investment management company’s stock valued at $585,000 after purchasing an additional 1,557 shares in the last quarter. Finally, Family Wealth Partners LLC increased its holdings in shares of Golub Capital BDC by 3.2% in the 4th quarter. Family Wealth Partners LLC now owns 54,554 shares of the investment management company’s stock valued at $740,000 after purchasing an additional 1,688 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $13.08 on Thursday. Golub Capital BDC, Inc. has a 1 year low of $11.77 and a 1 year high of $15.63. The firm has a 50 day moving average price of $12.96 and a 200 day moving average price of $13.18. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 16.99 and a beta of 0.41. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.20 and a current ratio of 2.20.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $201.71 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Sell-side analysts predict that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

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

Wall Street Analyst Weigh In

GBDC has been the subject of a number of research reports. Royal Bank Of Canada cut 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 research report on Thursday, May 7th. Oppenheimer restated an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Friday, March 27th. Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Finally, Wells Fargo & Company cut 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 research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Golub Capital BDC has an average rating of “Moderate Buy” and a consensus price target of $14.00.

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.