Golub Capital BDC, Inc. (NASDAQ:GBDC – Get Free Report) Director Anita J. Rival acquired 26,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the transaction, the director now owns 95,000 shares in the company, valued at $1,368,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Golub Capital BDC Price Performance
Shares of NASDAQ:GBDC opened at $14.45 on Wednesday. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 7.12 and a beta of 0.52. The firm has a fifty day moving average price of $15.49 and a 200 day moving average price of $15.96. Golub Capital BDC, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $17.72. The company has a debt-to-equity ratio of 1.26, a quick ratio of 6.29 and a current ratio of 6.29.
Golub Capital BDC (NASDAQ:GBDC – Get Free Report) last released its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). Golub Capital BDC had a net margin of 53.05% and a return on equity of 13.03%. The company had revenue of $171.27 million for the quarter, compared to the consensus estimate of $205.24 million. During the same period last year, the company earned $0.44 EPS. As a group, sell-side analysts expect that Golub Capital BDC, Inc. will post 1.95 earnings per share for the current fiscal year.
Golub Capital BDC Announces Dividend
Institutional Trading of Golub Capital BDC
Several hedge funds have recently modified their holdings of the company. Van ECK Associates Corp increased its position in Golub Capital BDC by 22.3% in the second quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock worth $55,190,000 after purchasing an additional 640,866 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Golub Capital BDC by 3.1% in the 2nd quarter. Sound Income Strategies LLC now owns 2,745,048 shares of the investment management company’s stock worth $43,125,000 after buying an additional 83,111 shares during the last quarter. Allen Investment Management LLC raised its position in shares of Golub Capital BDC by 6.9% during the 2nd quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock valued at $35,297,000 after buying an additional 145,761 shares in the last quarter. Sage Mountain Advisors LLC lifted its holdings in shares of Golub Capital BDC by 5.1% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,172,722 shares of the investment management company’s stock valued at $32,808,000 after acquiring an additional 106,411 shares during the last quarter. Finally, Arnhold LLC grew its position in Golub Capital BDC by 0.8% in the second quarter. Arnhold LLC now owns 1,319,200 shares of the investment management company’s stock worth $20,725,000 after acquiring an additional 11,000 shares in the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have commented on GBDC. Wells Fargo & Company decreased their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Oppenheimer restated an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Raymond James downgraded shares of Golub Capital BDC from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Keefe, Bruyette & Woods decreased their price target on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, StockNews.com downgraded Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.40.
Check Out Our Latest Research Report on GBDC
About Golub Capital BDC
Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.
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