Golub Capital BDC Inc. (GBDC) Sets New 12-Month High at $19.11
Golub Capital BDC Inc. (NASDAQ:GBDC) hit a new 52-week high during trading on Tuesday . The company traded as high as $19.11 and last traded at $19.02, with a volume of 85,761 shares changing hands. The stock had previously closed at $19.03.
A number of equities research analysts have commented on the stock. TheStreet raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. Zacks Investment Research downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of Golub Capital BDC in a research report on Saturday, May 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $17.83.
The company’s 50-day moving average price is $18.66 and its 200-day moving average price is $17.46.
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 for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. During the same period last year, the firm earned $0.36 earnings per share. The business had revenue of $32.10 million for the quarter, compared to analyst estimates of $33.01 million. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts anticipate that Golub Capital BDC Inc. will post $1.28 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Monday, September 5th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, August 31st. This represents a $1.28 dividend on an annualized basis and a yield of 6.73%.
In other Golub Capital BDC news, Director John Thomas Baily sold 6,469 shares of Golub Capital BDC stock in a transaction that occurred on 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 legal filing with the SEC, which can be accessed through the SEC website.
A hedge fund recently raised its stake 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 13F filing with the 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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