KBW Releases a Buy Rating on Golub Capital Bdc (GBDC)
TipRanks (Tue, 7-May 1:26 AM ET)
Business Wire (Mon, 6-May 5:15 PM ET)
Golub Capital BDC Non-GAAP NII of $0.51, Total investment income of $164.23M
Seeking Alpha News (Mon, 6-May 5:14 PM ET)
Business Wire (Mon, 22-Apr 8:25 AM ET)
Golub Capital BDC, Inc. Schedules Release of Fiscal Year 2024 Second Quarter Results
Business Wire (Thu, 4-Apr 4:45 PM ET)
Golub Capital BDC Inc is an externally managed, closed-end, non-diversified management investment company. Its investment objective is to generate current income and capital appreciation by investing in senior secured and one-stop loans in United States middle-market companies. It also invests in the second lien and subordinated loans, warrants, and minority equity securities in United States middle-market companies. The company generally invests in securities that have been rated below investment grade by independent rating agencies or that would be rated below investment grade if they were rated.
Golub Capital Bdc - Closed End trades on the NASDAQ stock market under the symbol GBDC.
As of May 7, 2024, GBDC stock price declined to $16.83 with 1,125,310 million shares trading.
GBDC has a beta of 0.27, meaning it tends to be less sensitive to market movements. GBDC has a correlation of 0.08 to the broad based SPY ETF.
GBDC has a market cap of $2.89 billion. This is considered a Mid Cap stock.
Last quarter Golub Capital Bdc - Closed End reported $164 million in Revenue and $.51 earnings per share. This beat revenue expectation by $2 million and met earnings estimates .
In the last 3 years, GBDC stock traded as high as $17.72 and as low as $11.94.
The top ETF exchange traded funds that GBDC belongs to (by Net Assets): BIZD, PBDC, USVM, FYX, FYC.
GBDC has outperformed the market in the last year with a return of +42.2%, while the SPY ETF gained +27.0%. In the last 3 month period, GBDC beat the market returning +16.9%, while SPY returned +5.0%. However, in the most recent 2 weeks GBDC has underperformed the stock market by returning +0.6%, while SPY returned +3.5%.
GBDC support price is $16.92 and resistance is $17.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GBDC stock will trade within this expected range on the day.