Golub Capital BDC Inc (NASDAQ:GBDC) Chairman Lawrence E. Golub acquired 5,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was purchased at an average cost of $13.10 per share, with a total value of $65,500.00. Following the transaction, the chairman now owns 125,389 shares in the company, valued at $1,642,595.90. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
NASDAQ GBDC traded up $0.14 during trading on Wednesday, reaching $13.35. The company’s stock had a trading volume of 242 shares, compared to its average volume of 863,137. Golub Capital BDC Inc has a 12 month low of $9.08 and a 12 month high of $19.14. The firm has a 50 day moving average price of $12.63 and a 200 day moving average price of $12.24. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of -9.11 and a beta of 0.66. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.85.
Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 10th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $73.21 million during the quarter, compared to analysts’ expectations of $71.14 million. Golub Capital BDC had a positive return on equity of 7.16% and a negative net margin of 41.24%. On average, equities analysts forecast that Golub Capital BDC Inc will post 1.21 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Strs Ohio increased its stake in Golub Capital BDC by 43.0% in the second quarter. Strs Ohio now owns 23,287,194 shares of the investment management company’s stock valued at $271,295,000 after acquiring an additional 6,997,163 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of Golub Capital BDC by 246.9% in the 2nd quarter. Lindbrook Capital LLC now owns 2,634,925 shares of the investment management company’s stock valued at $30,697,000 after purchasing an additional 1,875,452 shares during the last quarter. Frontier Investment Mgmt Co. increased its stake in shares of Golub Capital BDC by 20.1% in the 2nd quarter. Frontier Investment Mgmt Co. now owns 1,995,912 shares of the investment management company’s stock valued at $23,252,000 after purchasing an additional 333,470 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Golub Capital BDC by 1.5% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,661,775 shares of the investment management company’s stock worth $19,360,000 after buying an additional 25,000 shares in the last quarter. Finally, Cliffwater LLC lifted its position in shares of Golub Capital BDC by 40.3% during the 2nd quarter. Cliffwater LLC now owns 1,639,877 shares of the investment management company’s stock worth $19,105,000 after buying an additional 470,908 shares during the last quarter. Institutional investors own 39.87% of the company’s stock.
Several 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 report on Friday, July 17th. TheStreet raised shares of Golub Capital BDC from a “d+” rating to a “c-” rating in a report on Friday, August 21st. Finally, BidaskClub raised Golub Capital BDC from a “hold” rating to a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Golub Capital BDC presently has a consensus rating of “Hold” and a consensus price target of $12.50.
Golub Capital BDC Company Profile
Golub Capital BDC, Inc 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. The company seeks to invest in the United States.
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