Golub Capital BDC Inc. (GBDC) Sees Unusually-High Trading Volume
Shares of Golub Capital BDC Inc. (NASDAQ:GBDC) saw strong trading volume on Tuesday . 468,345 shares changed hands during trading, an increase of 301% from the previous session’s volume of 116,808 shares.The stock last traded at $18.70 and had previously closed at $18.72.
A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Golub Capital BDC in a report on Saturday, May 14th. Zacks Investment Research downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Finally, TheStreet raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Golub Capital BDC has a consensus rating of “Hold” and an average target price of $17.83.
The company’s 50-day moving average is $18.53 and its 200 day moving average is $17.34.
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, beating the consensus estimate of $0.32 by $0.03. The business earned $32.10 million during the quarter, compared to the consensus estimate of $33.01 million. During the same period last year, the firm earned $0.36 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts anticipate that Golub Capital BDC Inc. will post $1.28 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Monday, September 5th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 6.83%. The ex-dividend date is Wednesday, August 31st.
In other news, Director John Thomas Baily sold 6,469 shares of the business’s stock in a transaction that occurred on Saturday, July 30th. The shares were sold at an average price of $17.09, for a total value of $110,555.21. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Several hedge funds have bought and sold shares of GBDC. Advisors Asset Management Inc. raised its stake in 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 during the period. Frontier Investment Mgmt Co. raised its stake in Golub Capital BDC by 1.6% in the fourth quarter. Frontier Investment Mgmt Co. now owns 336,171 shares of the investment management company’s stock valued at $5,591,000 after buying an additional 5,235 shares during the period. Finally, Morgan Stanley raised its stake in 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 during the 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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