Golub Capital BDC Inc. (GBDC) Shares Down 3.5%
Golub Capital BDC Inc. (NASDAQ:GBDC)’s share price traded down 3.5% on Wednesday . The stock traded as low as $19.06 and last traded at $19.06, with a volume of 138,817 shares changing hands. The stock had previously closed at $19.75.
Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. TheStreet upgraded Golub Capital BDC from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Golub Capital BDC in a research report on Saturday, May 14th.
The company’s 50-day moving average is $18.79 and its 200 day moving average is $17.63.
Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Wednesday, August 3rd. The investment management company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. During the same quarter in the prior year, the company posted $0.36 EPS. The business had revenue of $32.10 million for the quarter, compared to analysts’ expectations of $33.01 million. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Golub Capital BDC Inc. will post $1.28 earnings per share for the current year.
The firm also recently disclosed 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 of this dividend is Wednesday, August 31st. This represents a $1.28 annualized dividend and a dividend yield of 6.69%.
In other 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 transaction of $110,555.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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.
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