Golub Capital BDC Inc. (GBDC) Sets New 12-Month High at $19.19
Golub Capital BDC Inc. (NASDAQ:GBDC)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $19.19 and last traded at $19.12, with a volume of 73,636 shares trading hands. The stock had previously closed at $19.06.
GBDC has been the subject of a number of recent research reports. Zacks Investment Research downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. TheStreet downgraded Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Finally, Keefe, Bruyette & Woods boosted their target price on Golub Capital BDC from $17.00 to $17.50 and gave the stock a “market perform” rating in a research report on Friday, May 13th.
The company has a 50 day moving average price of $18.79 and a 200 day moving average price of $17.63.
Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results 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. The business earned $32.10 million during the quarter, compared to analyst estimates of $33.01 million. During the same period in the prior year, the business posted $0.36 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts forecast that Golub Capital BDC Inc. will post $1.28 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Monday, September 5th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date is Wednesday, August 31st.
In other Golub Capital BDC 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 value of $110,555.21. The sale was disclosed in a filing with the SEC, which is available at this link.
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.