Golub Capital BDC (NASDAQ:GBDC) Share Price Breaks Above 50 Day Moving Average - What's Next?

Key Points

• GBDC shares rose 2.7%, trading at $12.78 after moving above their 50-day moving average of $12.55; the 200-day average remains higher at $12.82.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $13.90, despite Keefe, Bruyette & Woods lowering its target to $13.50.
• Golub Capital BDC reported quarterly EPS of $0.34, slightly exceeding estimates of $0.33, while director Lawrence Golub sold approximately $21.9 million worth of shares.

Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) shares passed 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 changing hands.

Analysts Set New Price Targets

GBDC has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings upgraded Golub Capital BDC from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, October 23rd. Keefe, Bruyette & Woods decreased their target price on Golub Capital BDC from $14.00 to $13.50 and set an "outperform" rating on the stock in a research report on Wednesday, August 5th. Finally, Zacks Research raised shares of Golub Capital BDC from a "strong sell" rating to a "hold" rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $13.90.

Golub Capital BDC Stock Up 2.7%

The business has a fifty day simple moving average of $12.55 and a 200 day simple moving average of $12.82. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 19.66 and a beta of 0.41. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 1.33.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%. The firm had revenue of $98.53 million for the quarter, compared to analyst estimates of $189.91 million. During the same period in the previous year, the company posted $0.39 earnings per share. As a group, equities analysts forecast that Golub Capital BDC, Inc. will post 1.36 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Lawrence Golub sold 1,676,387 shares of the 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On Golub Capital BDC

Several large investors have recently added to or reduced their stakes in GBDC. Levin Capital Strategies L.P. raised its stake in Golub Capital BDC by 12.9% during the 1st quarter. Levin Capital Strategies L.P. now owns 11,628 shares of the investment management company's stock valued at $147,000 after acquiring an additional 1,328 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Golub Capital BDC by 0.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 238,161 shares of the investment management company's stock worth $3,008,000 after acquiring an additional 1,897 shares during the period. Allworth Financial LP acquired a new stake in Golub Capital BDC during the 2nd quarter worth approximately $25,000. Burk Holdings LLC purchased a new position in shares of Golub Capital BDC in the 2nd quarter valued at approximately $30,000. Finally, Royal Bank of Canada grew its stake in shares of Golub Capital BDC by 2.4% in the 1st quarter. Royal Bank of Canada now owns 100,967 shares of the investment management company's stock valued at $1,278,000 after purchasing an additional 2,401 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

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.

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