Golub Capital BDC Inc. (GBDC) Hits New 52-Week High at $18.69
Golub Capital BDC Inc. (NASDAQ:GBDC)’s share price hit a new 52-week high on Monday . The company traded as high as $18.69 and last traded at $18.65, with a volume of 26,093 shares. The stock had previously closed at $18.63.
GBDC has been the topic of a number of research analyst reports. TheStreet lowered Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Zacks Investment Research upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Finally, Keefe, Bruyette & Woods increased their price objective on Golub Capital BDC from $17.00 to $17.50 and gave the company a “market perform” rating in a research report on Friday, May 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Golub Capital BDC has an average rating of “Hold” and a consensus target price of $17.83.
The company’s 50-day moving average is $17.95 and its 200 day moving average is $17.06.
Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Thursday, May 5th. The investment management company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The firm earned $30.76 million during the quarter, compared to analysts’ expectations of $31.99 million. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business earned $0.38 earnings per share. Equities analysts expect that Golub Capital BDC Inc. will post $1.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Monday, June 6th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $1.28 annualized dividend and a yield of 6.83%.
An institutional investor recently raised its position in Golub Capital BDC stock. Advisors Asset Management Inc. increased its stake in shares of Golub Capital BDC Inc. (NASDAQ:GBDC) by 44.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 reporting period.
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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