Golub Capital BDC Inc. (GBDC) Hits New 12-Month High at $18.69
Golub Capital BDC Inc. (NASDAQ:GBDC) shares reached a new 52-week high during trading on Monday . The company traded as high as $18.69 and last traded at $18.65, with a volume of 26,093 shares traded. The stock had previously closed at $18.63.
GBDC has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, April 12th. TheStreet cut shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Golub Capital BDC from $17.00 to $17.50 and gave the company a “market perform” rating in a report on Friday, May 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.83.
The stock’s 50 day moving average is $17.87 and its 200-day moving average is $17.03.
Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Thursday, May 5th. The investment management company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. During the same quarter last year, the firm earned $0.38 EPS. The business had revenue of $30.76 million for the quarter, compared to the consensus estimate of $31.99 million. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. 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 was paid on Wednesday, June 29th. Stockholders of record on Monday, June 6th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 6.86%. The ex-dividend date was Thursday, June 2nd.
A hedge fund recently raised its stake in Golub Capital BDC stock. Advisors Asset Management Inc. increased its position in Golub Capital BDC Inc. (NASDAQ:GBDC) by 44.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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.
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