Golub Capital BDC Inc. (GBDC) Trading Down 2.1%
Golub Capital BDC Inc. (NASDAQ:GBDC)’s share price fell 2.1% during mid-day trading on Friday . The stock traded as low as $18.60 and last traded at $18.60, with a volume of 64,403 shares. The stock had previously closed at $18.99.
Several brokerages have recently issued reports on GBDC. Zacks Investment Research downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Golub Capital BDC in a report on Saturday, May 14th. Finally, TheStreet cut Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.83.
The company has a 50 day moving average of $18.32 and a 200 day moving average of $17.19.
Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Wednesday, August 3rd. The investment management company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. During the same period last year, the company earned $0.36 EPS. The business earned $32.10 million during the quarter, compared to analyst estimates of $33.01 million. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts expect that Golub Capital BDC Inc. will post $1.27 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Monday, September 5th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 6.86%. The ex-dividend date of this dividend is Wednesday, August 31st.
In other Golub Capital BDC news, Director John Thomas Baily sold 6,469 shares of the company’s stock in a transaction dated Saturday, July 30th. The shares were sold at an average price of $17.09, for a total transaction of $110,555.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A hedge fund recently raised its stake in Golub Capital BDC stock. Advisors Asset Management Inc. boosted its stake in Golub Capital BDC Inc. (NASDAQ:GBDC) by 44.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 89,306 shares of the investment management company’s stock after buying an additional 27,336 shares during the period. Advisors Asset Management Inc.’s holdings in Golub Capital BDC were worth $1,485,000 at the end of the most recent reporting period.
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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