Golub Capital BDC Inc. (GBDC) Sees Large Volume Increase
Shares of Golub Capital BDC Inc. (NASDAQ:GBDC) saw an uptick in trading volume on Thursday . 158,976 shares traded hands during mid-day trading, an increase of 4% from the previous session’s volume of 152,524 shares.The stock last traded at $18.97 and had previously closed at $19.08.
Several brokerages have recently weighed in on GBDC. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Golub Capital BDC in a research report on Saturday, May 14th. Zacks Investment Research lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. Finally, TheStreet raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th.
The company has a 50-day moving average price of $18.71 and a 200-day moving average price of $17.51.
Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Wednesday, August 3rd. The investment management company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. During the same period in the previous year, the firm earned $0.36 earnings per share. The company had revenue of $32.10 million for the quarter, compared to analysts’ expectations of $33.01 million. The firm’s quarterly 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 fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders 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 dividend yield of 6.75%.
In related news, Director John Thomas Baily acquired 8,250 shares of the stock in a transaction dated Monday, August 15th. The shares were purchased at an average cost of $18.35 per share, with a total value of $151,387.50. Following the transaction, the director now directly owns 23,179 shares in the company, valued at $425,334.65. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
An institutional investor recently raised its position in Golub Capital BDC stock. Advisors Asset Management Inc. increased its position in shares of Golub Capital BDC Inc. (NASDAQ:GBDC) by 44.1% during the fourth quarter, according to its most recent 13F filing with the 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 as of its most recent filing with the SEC.
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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