Golub Capital BDC Inc. (GBDC) Sees Strong Trading Volume
Shares of Golub Capital BDC Inc. (NASDAQ:GBDC) saw unusually-high trading volume on Thursday . Approximately 158,976 shares were traded during 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.
GBDC has been the topic of a number of research reports. TheStreet raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating in a research note on Wednesday, August 10th. Zacks Investment Research raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Golub Capital BDC in a research note on Saturday, May 14th.
The firm has a 50 day moving average of $18.73 and a 200 day moving average of $17.54.
Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Wednesday, August 3rd. The investment management company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. During the same period last year, the business posted $0.36 earnings per share. The business earned $32.10 million during the quarter, compared to the consensus estimate of $33.01 million. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Equities research analysts predict that Golub Capital BDC Inc. will post $1.28 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Monday, September 5th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 6.72%. The ex-dividend date is Wednesday, August 31st.
In other Golub Capital BDC news, Director John Thomas Baily acquired 8,250 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was bought at an average cost of $18.35 per share, with a total value of $151,387.50. Following the acquisition, the director now owns 23,179 shares in the company, valued at $425,334.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
A hedge fund recently raised its stake in Golub Capital BDC stock. Advisors Asset Management Inc. raised its stake in Golub Capital BDC Inc. (NASDAQ:GBDC) by 44.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.