Golub Capital BDC (NASDAQ:GBDC) Share Price Breaks Above Fifty Day Moving Average – Here’s Why

Golub Capital BDC, Inc. (NASDAQ:GBDC)’s share price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $12.55 and traded as high as $12.80. Golub Capital BDC shares last traded at $12.78, with a volume of 1,136,190 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Golub Capital BDC from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research upgraded shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Keefe, Bruyette & Woods dropped their price objective on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.90.

Golub Capital BDC Stock Down 0.5%

The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.22. The firm’s 50 day simple moving average is $12.54 and its 200-day simple moving average is $12.81. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 19.57 and a beta of 0.41.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $98.53 million during the quarter, compared to analysts’ expectations of $189.91 million. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%. During the same period in the prior year, the firm posted $0.39 earnings per share. Equities analysts expect that Golub Capital BDC, Inc. will post 1.36 earnings per share for the current fiscal year.

Insider Transactions at Golub Capital BDC

In related news, Director Lawrence Golub sold 1,676,387 shares of Golub Capital BDC stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $13.06, for a total transaction of $21,893,614.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Golub Capital BDC

A number of institutional investors have recently made changes to their positions in GBDC. Allworth Financial LP acquired a new stake in shares of Golub Capital BDC during the 2nd quarter worth $25,000. Burk Holdings LLC bought a new position in shares of Golub Capital BDC in the second quarter worth $30,000. Latitude Advisors LLC bought a new position in shares of Golub Capital BDC in the third quarter worth $37,000. Main Street Group LTD acquired a new position in Golub Capital BDC in the first quarter valued at about $47,000. Finally, Fifth Third Bancorp acquired a new position in Golub Capital BDC in the first quarter valued at about $68,000. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc is a business development company that provides financing to middle-market companies. The company primarily invests in senior secured loans and other debt investments, with the objective of generating current income and, to a lesser extent, capital appreciation.

Its investment portfolio generally consists of loans to established businesses across a range of industries. Golub Capital BDC may also make subordinated debt and equity-related investments, allowing it to provide flexible financing solutions alongside private equity sponsors and other financial partners.

The company focuses primarily on middle-market businesses in the United States.