Golub Capital BDC Inc. (GBDC) Sets New 12-Month High at $18.57
Golub Capital BDC Inc. (NASDAQ:GBDC) shares hit a new 52-week high on Tuesday . The company traded as high as $18.57 and last traded at $18.54, with a volume of 194,437 shares traded. The stock had previously closed at $18.42.
A number of research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Golub Capital BDC in a research report on Saturday, May 14th. Finally, TheStreet downgraded shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.83.
The firm has a 50-day moving average of $17.76 and a 200-day moving average of $16.99.
Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Thursday, May 5th. The investment management company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The company had revenue of $30.76 million for the quarter, compared to analyst estimates of $31.99 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. Golub Capital BDC’s revenue was up 8.3% compared to the same quarter last year. Analysts forecast that Golub Capital BDC Inc. will post $1.28 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Monday, June 6th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $1.28 annualized dividend and a yield of 6.90%.
Other large investors recently made changes to their positions in the company. Advisors Asset Management Inc. raised its stake in shares of Golub Capital BDC by 44.1% in the fourth quarter. Advisors Asset Management Inc. now owns 89,306 shares of the investment management company’s stock valued at $1,485,000 after buying an additional 27,336 shares in the last quarter. Morgan Stanley raised its stake in shares of Golub Capital BDC by 9.9% in the fourth quarter. Morgan Stanley now owns 654,135 shares of the investment management company’s stock valued at $10,878,000 after buying an additional 58,761 shares in the last quarter. Finally, Edgemoor Investment Advisors Inc. raised its stake in shares of Golub Capital BDC by 22.9% in the fourth quarter. Edgemoor Investment Advisors Inc. now owns 118,990 shares of the investment management company’s stock valued at $1,979,000 after buying an additional 22,167 shares in the last quarter.
Golub Capital BDC Inc is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured, one stop, second lien and subordinated loans of, and warrants and minority equity securities in, United States middle market companies.
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