Golub Capital BDC Inc. (GBDC) Sees Unusually-High Trading Volume
Golub Capital BDC Inc. (NASDAQ:GBDC) saw an uptick in trading volume on Wednesday . 120,432 shares changed hands during mid-day trading, an increase of 24% from the previous session’s volume of 96,934 shares.The stock last traded at $18.75 and had previously closed at $18.76.
A number of research firms have weighed in on GBDC. Zacks Investment Research cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Golub Capital BDC in a research note on Saturday, May 14th. Finally, TheStreet cut shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.83.
The company’s 50 day moving average price is $18.40 and its 200 day moving average price is $17.26.
Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Wednesday, August 3rd. The investment management company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. During the same period last year, the business earned $0.36 earnings per share. The business had revenue of $32.10 million for the quarter, compared to analysts’ expectations of $33.01 million. The company’s revenue was up 5.6% on a year-over-year basis. Equities research analysts forecast that Golub Capital BDC Inc. will post $1.28 earnings per share for the current 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 dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.28 dividend on an annualized basis and a yield of 6.82%.
In other Golub Capital BDC news, Director John Thomas Baily sold 6,469 shares of the firm’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A hedge fund recently raised its stake in Golub Capital BDC stock. Morgan Stanley boosted its position in shares of Golub Capital BDC Inc. (NASDAQ:GBDC) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 654,135 shares of the investment management company’s stock after buying an additional 58,761 shares during the period. Morgan Stanley’s holdings in Golub Capital BDC were worth $10,878,000 at the end of the most recent 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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