In yesterday’s Wall Street session, Golub Capital BDC Inc. (NASDAQ:GBDC) shares traded at $13.49, down -0.07% from the previous session.
5 analysts cover Golub Capital BDC Inc. (NASDAQ:GBDC), according to research data. 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 $13.00, we find $14.50. Given the previous closing price of $13.50, this indicates a potential upside of 7.41 percent. GBDC stock price is now 1.68% away from the 50-day moving average and 1.56% away from the 200-day moving average. The market capitalization of the company currently stands at $2.26B.
The stock has received a hold rating from 3 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $14.25 as their price target over the next twelve months.
With the price target reduced from $14.25 to $12.25, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Golub Capital BDC Inc. (NASDAQ: GBDC).
In other news, Rival Anita J., Director bought 8,000 shares of the company’s stock on May 25. The stock was bought for $104,160 at an average price of $13.02. Upon completion of the transaction, the Director now directly owns 69,000 shares in the company, valued at $0.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 26, Director Rival Anita J. bought 10,000 shares of the business’s stock. A total of $139,150 was incurred on buying the stock at an average price of $13.91. This leaves the insider owning 61,000 shares of the company worth $0.82 million. A total of 4.23% 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 GOLDMAN SACHS GROUP INC during the first quarter worth $372,000. PROSHARE ADVISORS LLC invested $372,000 in shares of GBDC during the first quarter. In the first quarter, GYON TECHNOLOGIES CAPITAL MANAGEMENT, LP acquired a new stake in Golub Capital BDC Inc. valued at approximately $272,000. CFO4LIFE, L.P. acquired a new stake in GBDC for approximately $242,000. TCW GROUP INC purchased a new stake in GBDC valued at around $237,000 in the second quarter. In total, there are 288 active investors with 45.20% ownership of the company’s stock.
On Monday morning Golub Capital BDC Inc. (NASDAQ: GBDC) stock kicked off with the opening price of $13.45. During the past 12 months, Golub Capital BDC Inc. has had a low of $11.94 and a high of $14.42. The fifty day moving average price for GBDC is $13.27 and a two-hundred day moving average price translates $13.28 for the stock.
The latest earnings results from Golub Capital BDC Inc. (NASDAQ: GBDC) was released for Mar, 2023. According to the Asset Management Company, earnings per share came in at $0.34, missing analysts’ expectations of $0.4 by -0.06. This compares to $0.39 EPS in the same period last year. The net profit margin was 21.60% and return on equity was 4.20% for GBDC. The company reported revenue of $146.95 million for the quarter, compared to $85.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 70.95 percent. For the current quarter, analysts expect GBDC to generate $149.79M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/29/2023. Investors who held shares on 06/02/2023 were paid a $0.33 dividend. On an annualized basis, this represents a $1.32 dividend and a 9.79% percent yield. There was an ex-dividend date of 06/01/2023 for this dividend. In terms of dividend payout ratio, GBDC is presently at 200.10%.
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.
