In yesterday’s Wall Street session, Golub Capital BDC Inc. (NASDAQ:GBDC) shares traded at $13.25, up 1.53% from the previous session.
As of this writing, 5 analysts cover Golub Capital BDC Inc. (NASDAQ:GBDC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $14.50, we find $14.75. Given the previous closing price of $13.05, this indicates a potential upside of 13.03 percent. GBDC stock price is now -0.04% away from the 50-day moving average and -3.94% away from the 200-day moving average. The market capitalization of the company currently stands at $2.22B.
There are 2 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $14.75 as their price target over the next twelve months.
With the price target of $16, Oppenheimer recently initiated with Outperform rating for Golub Capital BDC Inc. (NASDAQ: GBDC). , while ‘National Securities’ rates the stock as ‘Buy’.
In other news, Rival Anita J., Director bought 10,000 shares of the company’s stock on Aug 26. The stock was bought for $139,150 at an average price of $13.91. Upon completion of the transaction, the Director now directly owns 61,000 shares in the company, valued at $0.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 02, Chairman Golub Lawrence E sold 1,250,000 shares of the business’s stock. A total of $19,650,000 was realized by selling the stock at an average price of $15.72. This leaves the insider owning 1,177,547 shares of the company worth $15.6 million. Insiders disposed of 5,000,000 shares of company stock worth roughly $66.25 million over the past 1 year. A total of 5.49% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GBDC stock. A new stake in Golub Capital BDC Inc. shares was purchased by CLOUGH CAPITAL PARTNERS L P during the first quarter worth $5,344,000. FARMER STEVEN PATRICK invested $4,647,000 in shares of GBDC during the first quarter. In the first quarter, NEW VERNON CAPITAL HOLDINGS II LLC acquired a new stake in Golub Capital BDC Inc. valued at approximately $4,192,000. CAPTRUST FINANCIAL ADVISORS acquired a new stake in GBDC for approximately $2,950,000. GREAT WEST LIFE ASSURANCE CO /CAN/ purchased a new stake in GBDC valued at around $2,379,000 in the second quarter. In total, there are 265 active investors with 45.20% ownership of the company’s stock.
Thursday morning saw Golub Capital BDC Inc. (NASDAQ: GBDC) opened at $13.05. During the past 12 months, Golub Capital BDC Inc. has had a low of $11.94 and a high of $16.23. The fifty day moving average price for GBDC is $13.26 and a two-hundred day moving average price translates $13.79 for the stock.
The latest earnings results from Golub Capital BDC Inc. (NASDAQ: GBDC) was released for Jun, 2022. According to the Asset Management Company, earnings per share came in at $0.09, missing analysts’ expectations of $0.31 by -0.22. This compares to $0.43 EPS in the same period last year. The net profit margin was 39.60% and return on equity was 5.90% for GBDC. The company reported revenue of $119.65 million for the quarter, compared to $81.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.52 percent. For the current quarter, analysts expect GBDC to generate $111.51M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/29/2022. Investors who held shares on 12/09/2022 were paid a $0.33 dividend. On an annualized basis, this represents a $1.32 dividend and a 9.96% percent yield. There was an ex-dividend date of 12/08/2022 for this dividend. In terms of dividend payout ratio, GBDC is presently at 133.40%.
Golub Capital BDC Inc.(GBDC) Company Profile
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. It typically invests in diversified consumer services, automobiles, healthcare technology, insurance, health care equipment and supplies, hotels, restaurants and leisure, healthcare providers and services, IT services and specialty retails. It seeks to invest in the United States. It primarily invests in first lien traditional senior debt, first lien one stop, junior debt and equity, senior secured, one stop, unitranche, second lien, subordinated and mezzanine loans of middle-market companies, and warrants.