Golub Capital BDC Inc. (GBDC) Sees Large Volume Increase
Golub Capital BDC Inc. (NASDAQ:GBDC) saw strong trading volume on Tuesday . 468,345 shares traded hands during mid-day 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 research analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of Golub Capital BDC from $17.00 to $17.50 and gave the company a “market perform” rating in a report on Friday, May 13th. TheStreet upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. Finally, Zacks Investment Research lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $17.83.
The company’s 50-day moving average price is $18.58 and its 200-day moving average price is $17.38.
Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Wednesday, August 3rd. The investment management company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $32.10 million for the quarter, compared to analyst estimates of $33.01 million. During the same period last year, the business posted $0.36 earnings per share. Golub Capital BDC’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts expect 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 issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date is Wednesday, August 31st.
In other news, Director John Thomas Baily sold 6,469 shares of the firm’s stock in a transaction on Saturday, July 30th. The stock was sold at an average price of $17.09, for a total transaction of $110,555.21. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
A hedge fund recently raised its stake in Golub Capital BDC stock. Advisors Asset Management Inc. boosted its position in Golub Capital BDC Inc. (NASDAQ:GBDC) by 44.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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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