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Golub Capital BDC (NASDAQ:GBDC) Hits New 12-Month Low at $12.56

Defense World · Sep 25, 2022 01:51

Golub Capital BDC, Inc. (NASDAQ:GBDC – Get Rating) hit a new 52-week low on Friday . The company traded as low as $12.56 and last traded at $12.60, with a volume of 8012 shares. The stock had previously closed at $12.83.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered Golub Capital BDC from a "b-" rating to a "c" rating in a research report on Wednesday, June 1st.

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Golub Capital BDC Trading Down 1.4 %

The firm's 50-day moving average price is $13.78 and its 200-day moving average price is $14.14. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.21. The company has a market cap of $2.16 billion, a P/E ratio of 9.96 and a beta of 0.58.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Friday, September 2nd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 9.49%. The ex-dividend date of this dividend is Thursday, September 1st. Golub Capital BDC's payout ratio is 94.49%.

Insider Buying and Selling at Golub Capital BDC

In other news, Director Anita J. Rival purchased 10,000 shares of the stock in a transaction on Friday, August 26th. The shares were acquired at an average price of $13.91 per share, for a total transaction of $139,100.00. Following the completion of the transaction, the director now directly owns 61,000 shares of the company's stock, valued at approximately $848,510. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.30% of the stock is currently owned by company insiders.

Institutional Trading of Golub Capital BDC

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Clearstead Advisors LLC bought a new stake in Golub Capital BDC in the first quarter valued at $30,000. Neo Ivy Capital Management purchased a new stake in shares of Golub Capital BDC in the 2nd quarter worth approximately $33,000. Horan Securities Inc. purchased a new position in Golub Capital BDC during the first quarter valued at $41,000. Capital Advisory Group Advisory Services LLC purchased a new stake in Golub Capital BDC during the 1st quarter valued at about $43,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Golub Capital BDC during the second quarter valued at approximately $50,000. Institutional investors own 42.64% of the company's stock.

About Golub Capital BDC

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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.