Golub Capital BDC Inc. (GBDC) Hits New 52-Week High at $19.11
Golub Capital BDC Inc. (NASDAQ:GBDC)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $19.11 and last traded at $19.00, with a volume of 70,273 shares traded. The stock had previously closed at $19.04.
GBDC has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, April 12th. TheStreet lowered shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Finally, Keefe, Bruyette & Woods raised their price target on shares of 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Golub Capital BDC currently has a consensus rating of “Hold” and an average price target of $17.83.
The stock has a 50-day moving average price of $18.09 and a 200-day moving average price of $17.10.
Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Thursday, May 5th. The investment management company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The firm had revenue of $30.76 million for the quarter, compared to analysts’ expectations of $31.99 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. Equities research analysts forecast that Golub Capital BDC Inc. will post $1.28 EPS for the current fiscal year.
A hedge fund recently raised its stake in Golub Capital BDC stock. Advisors Asset Management Inc. boosted its position in Golub Capital BDC Inc. (NASDAQ:GBDC) by 44.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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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