Golub Capital BDC Inc. (GBDC) Hits New 1-Year High at $18.24
Golub Capital BDC Inc. (NASDAQ:GBDC)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $18.24 and last traded at $18.20, with a volume of 49,601 shares traded. The stock had previously closed at $18.24.
A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Golub Capital BDC in a report on Saturday, May 14th. Finally, TheStreet downgraded Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $17.83.
The firm’s 50-day moving average price is $17.47 and its 200 day moving average price is $16.89. The firm has a market cap of $942.65 million and a price-to-earnings ratio of 12.89.
Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Thursday, May 5th. The investment management company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $30.76 million for the quarter, compared to analyst estimates of $31.99 million. During the same period in the prior year, the company posted $0.38 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. Analysts expect that Golub Capital BDC Inc. will post $1.28 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders of record on Monday, June 6th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 6.99%. The ex-dividend date was Thursday, June 2nd.
Other hedge funds and institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its position in Golub Capital BDC by 44.1% in the fourth quarter. Advisors Asset Management Inc. now owns 89,306 shares of the investment management company’s stock valued at $1,485,000 after buying an additional 27,336 shares in the last quarter. Edgemoor Investment Advisors Inc. increased its position in Golub Capital BDC by 22.9% in the fourth quarter. Edgemoor Investment Advisors Inc. now owns 118,990 shares of the investment management company’s stock valued at $1,979,000 after buying an additional 22,167 shares in the last quarter. Finally, Morgan Stanley increased its position in Golub Capital BDC by 9.9% in the fourth quarter. Morgan Stanley now owns 654,135 shares of the investment management company’s stock valued at $10,878,000 after buying an additional 58,761 shares in the last 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.
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