Sunday, June 26, 2022

Chairman Golub Lawrence E sale 1,250,000 shares of Golub Capital BDC Inc. [GBDC]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Golub Capital BDC Inc. shares valued at $19,650,000 were sold by Golub Lawrence E on Mar 02. At $15.72 per share, Golub Lawrence E sold 1,250,000 shares. The insider’s holdings dropped to 1,177,547 shares worth approximately $15.05 million following the completion of this transaction.


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Also, Golub David sold 1,250,000 shares, netting a total of over 19,650,000 in proceeds. Following the sale of shares at $15.72 each, the insider now holds 1,177,547 shares.

Before that, Rosenberg Anita R had added 10,000 shares to its account. In a trade valued at $148,378, the Director bought Golub Capital BDC Inc. shares for $14.84 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.65 million.

As published in their initiating research note from Oppenheimer on September 22, 2021, Golub Capital BDC Inc. [GBDC] has been an Outperform and the price target has been revised to $16. This represents a 20.13% premium over Wednesday’s closing price. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid November. As of February 12, 2018, National Securities has increased its “Neutral” rating to a “Buy” for GBDC. Earlier on May 10, 2017, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for GBDC stock which previously was a “an Outperform”.

Analyzing GBDC’s Price Performance

On Wednesday, Golub Capital BDC Inc. [NASDAQ: GBDC] plunged -0.39% to $12.78. The stock’s lowest price that day was $12.72, but it reached a high of $12.90 in the same session. During the last five days, there has been a drop of approximately -2.52%. Over the course of the year, Golub Capital BDC Inc. shares have dropped approximately -17.23%. Shares of the company reached a 52-week high of $16.23 on 02/10/22 and a 52-week low of $12.72 on 06/22/22. A 50-day SMA is recorded $14.39, while a 200-day SMA reached $15.20.

Support And Resistance Levels for Golub Capital BDC Inc. (GBDC)

According to the 24-hour chart, there is a support level at 12.70, which, if violated, would cause prices to drop to 12.62. In the upper region, resistance lies at 12.88. The next price resistance is at 12.98. RSI (Relative Strength Index) is 26.18 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.53, which suggests the price will decrease in the coming days. Percent R is at 95.08%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

In terms of Golub Capital BDC Inc. share price expectations, FactSet research, analysts set an average price target of $16.25 in the next 12 months, up nearly 26.66% from the previous closing price of $12.83. Analysts anticipate Golub Capital BDC Inc. stock to reach $16.50 by 2022, with the lowest price target being $16.00. In spite of this, 5 analysts ranked Golub Capital BDC Inc. stock as an Overweight at the end of 2022.

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