Golub Capital BDC Inc. (GBDC) Shares Up 1.9%
Golub Capital BDC Inc. (NASDAQ:GBDC) shares shot up 1.9% on Tuesday . The stock traded as high as $19.73 and last traded at $19.70, with a volume of 132,148 shares. The stock had previously closed at $19.33.
A number of analysts have recently commented on GBDC shares. Keefe, Bruyette & Woods boosted their price target on 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 Golub Capital BDC from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. Finally, Zacks Investment Research lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th.
The company’s 50 day moving average price is $18.79 and its 200 day moving average price is $17.63.
Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Wednesday, August 3rd. The investment management company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $32.10 million for the quarter, compared to analyst estimates of $33.01 million. During the same quarter last year, the company posted $0.36 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts predict that Golub Capital BDC Inc. will post $1.28 earnings per share for the current year.
The business 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. The ex-dividend date is Wednesday, August 31st. This represents a $1.28 annualized dividend and a dividend yield of 6.48%.
In related news, Director John Thomas Baily sold 6,469 shares of the stock in a transaction on Saturday, July 30th. The stock was sold at an average price of $17.09, for a total value of $110,555.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
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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