Golub Capital BDC Inc. (GBDC) Stock Price Down 3.5%
Golub Capital BDC Inc. (NASDAQ:GBDC) shares fell 3.5% during mid-day trading on Wednesday . The company traded as low as $19.06 and last traded at $19.06, with a volume of 138,817 shares changing hands. The stock had previously closed at $19.75.
A number of brokerages have issued reports on GBDC. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Golub Capital BDC in a report on Saturday, May 14th. Zacks Investment Research cut shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Finally, TheStreet raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th.
The company’s 50 day moving average is $18.82 and its 200-day moving average is $17.64.
Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Wednesday, August 3rd. The investment management company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. During the same period last year, the firm posted $0.36 earnings per share. The business earned $32.10 million during 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. Equities research analysts anticipate that Golub Capital BDC Inc. will post $1.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Monday, September 5th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 6.81%. The ex-dividend date of this dividend is Wednesday, August 31st.
In other Golub Capital BDC news, Director John Thomas Baily purchased 8,250 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was acquired at an average cost of $18.35 per share, with a total value of $151,387.50. Following the acquisition, the director now 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 this link.
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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