Castle Wealth Management LLC Purchases New Position in Golub Capital BDC, Inc. $GBDC

Castle Wealth Management LLC purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 17,027 shares of the investment management company’s stock, valued at approximately $249,000.

Several other large investors have also modified their holdings of the company. Eagle Bay Advisors LLC boosted its holdings in shares of Golub Capital BDC by 0.3% in the second quarter. Eagle Bay Advisors LLC now owns 261,033 shares of the investment management company’s stock valued at $3,824,000 after acquiring an additional 708 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of Golub Capital BDC by 31.6% in the first quarter. Hexagon Capital Partners LLC now owns 3,613 shares of the investment management company’s stock valued at $55,000 after acquiring an additional 868 shares during the period. Comprehensive Money Management Services LLC boosted its holdings in shares of Golub Capital BDC by 8.7% in the second quarter. Comprehensive Money Management Services LLC now owns 11,600 shares of the investment management company’s stock valued at $170,000 after acquiring an additional 930 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in shares of Golub Capital BDC by 1.7% in the second quarter. Chicago Partners Investment Group LLC now owns 58,032 shares of the investment management company’s stock valued at $898,000 after acquiring an additional 971 shares during the period. Finally, Perigon Wealth Management LLC boosted its holdings in shares of Golub Capital BDC by 9.0% in the second quarter. Perigon Wealth Management LLC now owns 11,894 shares of the investment management company’s stock valued at $174,000 after acquiring an additional 983 shares during the period. 42.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Golub Capital BDC in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.00.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $14.05 on Thursday. 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 fifty day moving average price of $14.24 and a 200 day moving average price of $14.53. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.00. The company has a market cap of $3.74 billion, a PE ratio of 9.89 and a beta of 0.48.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.The firm had revenue of $218.34 million during the quarter, compared to the consensus estimate of $215.47 million. During the same period last year, the company earned $0.39 earnings per share. Sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed 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 was Monday, September 15th. This represents a $1.56 annualized dividend and a yield of 11.1%. Golub Capital BDC’s dividend payout ratio is presently 109.86%.

Golub Capital BDC 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.