Golub Capital BDC Inc. (GBDC) Stock Price Down 2.1%
Golub Capital BDC Inc. (NASDAQ:GBDC) shares traded down 2.1% during mid-day trading on Friday . The stock traded as low as $18.60 and last traded at $18.60, with a volume of 64,403 shares trading hands. The stock had previously closed at $18.99.
Several analysts recently commented on GBDC shares. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Golub Capital BDC in a research note on Saturday, May 14th. Zacks Investment Research lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Finally, TheStreet lowered shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $17.83.
The company’s 50 day moving average is $18.32 and its 200-day moving average is $17.19.
Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Wednesday, August 3rd. The investment management company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. During the same period in the prior year, the business earned $0.36 earnings per share. The firm had revenue of $32.10 million for the quarter, compared to the consensus estimate of $33.01 million. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts expect that Golub Capital BDC Inc. will post $1.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Monday, September 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 6.86%. The ex-dividend date of this dividend is Wednesday, August 31st.
In related news, Director John Thomas Baily sold 6,469 shares of Golub Capital BDC stock in a transaction dated Saturday, July 30th. The shares were sold at an average price of $17.09, for a total transaction of $110,555.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
An institutional investor recently raised its position in Golub Capital BDC stock. Advisors Asset Management Inc. boosted its stake in shares of Golub Capital BDC Inc. (NASDAQ:GBDC) by 44.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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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