Golub Capital BDC Inc. (GBDC) Reaches New 12-Month High at $19.11
Golub Capital BDC Inc. (NASDAQ:GBDC) reached a new 52-week high during mid-day 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 issued reports on GBDC shares. Zacks Investment Research downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. TheStreet downgraded Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Finally, Keefe, Bruyette & Woods boosted their price target 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.
The company has a 50-day moving average price of $18.69 and a 200 day moving average price of $17.50.
Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Wednesday, August 3rd. The investment management company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The company earned $32.10 million during the quarter, compared to analyst estimates of $33.01 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company posted $0.36 earnings per share. On average, analysts forecast that Golub Capital BDC Inc. will post $1.28 earnings per share for the current year.
The firm also recently announced 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. This represents a $1.28 annualized dividend and a yield of 6.71%. The ex-dividend date is Wednesday, August 31st.
In other Golub Capital BDC news, Director John Thomas Baily bought 8,250 shares of the stock in a transaction on Monday, August 15th. The shares were purchased at an average cost of $18.35 per share, with a total value of $151,387.50. Following the completion of the transaction, the director now directly owns 23,179 shares of the company’s stock, valued at approximately $425,334.65. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
A hedge fund recently raised its stake in Golub Capital BDC stock. Advisors Asset Management Inc. raised its stake 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. 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 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.