Golub Capital BDC Inc. (GBDC) Reaches New 52-Week High at $19.11
Golub Capital BDC Inc. (NASDAQ:GBDC) hit 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. The stock had previously closed at $19.04.
A number of equities research analysts have issued reports on GBDC shares. Zacks Investment Research upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. TheStreet lowered Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Golub Capital BDC in a research note on Saturday, May 14th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $17.83.
The company’s 50-day moving average is $18.18 and its 200-day moving average is $17.16.
In related news, Director John Thomas Baily sold 6,469 shares of the business’s stock in a transaction on Saturday, July 30th. The shares were sold at an average price of $17.09, for a total transaction of $110,555.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
An institutional investor recently raised its position in Golub Capital BDC stock. Advisors Asset Management Inc. raised its position in shares of Golub Capital BDC Inc. (NASDAQ:GBDC) by 44.1% during the fourth quarter, according to its most recent Form 13F 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 as of its most recent SEC filing.
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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