Golub Capital BDC Inc.’s recently made public that its Director Rival Anita J. acquired Company’s shares for reported $0.1 million on May 25. In the deal valued at $13.02 per share,8,000 shares were bought. As a result of this transaction, Rival Anita J. now holds 69,000 shares worth roughly $ 1.0 million.
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Raymond James upgraded its Golub Capital BDC Inc. [GBDC] rating to an Outperform from a a Mkt perform in a research note published on Friday. PT values the company’s stock at a premium of 6.84 to its Friday closing price.
Price Performance Review of GBDC
On Friday, Golub Capital BDC Inc. [NASDAQ:GBDC] saw its stock jump 0.42% to $14.44. On the same session, the stock had its day’s lowest price of $14.355, but rose to a high of $14.47. Over the last five days, the stock has lost -1.57%. Golub Capital BDC Inc. shares have risen nearly 10.02% since the year began. Nevertheless, the stocks have risen 4.09% over the past one year. While a 52-week high of $15.06 was reached on 08/10/23, a 52-week low of $11.91 was recorded on 03/13/23. SMA at 50 days reached $14.03, while 200 days put it at $13.54.
Levels Of Support And Resistance For GBDC Stock
The 24-hour chart illustrates a support level at 14.37, which if violated will result in even more drops to 14.31. On the upside, there is a resistance level at 14.49. A further resistance level may holdings at 14.54. The Relative Strength Index (RSI) on the 14-day chart is 50.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.14%. Stochastics %K at 33.35% indicates the stock is a holding.
How much short interest is there in Golub Capital BDC Inc.?
A steep rise in short interest was recorded in Golub Capital BDC Inc. stocks on Aug 14, 2023, dropping by -0.27 million shares to a total of 3.46 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.73 million shares. There was a decline of -7.8%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.09% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.17.
According to FactSet, Golub Capital BDC Inc.’s share price will average $15.70 in the next year, based on opinions of analysts polled by the firm. This is up nearly 7.79 percent from its previous closing price of $14.38. Analysts expect Golub Capital BDC Inc. stock to reach the higher price of $16.50, while the lowest price estimate is $15.00. However, 5 analysts have rated GBDC stock as an Overweight in their predictions for 2023.