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A company insider recently bought 20,000 shares of Golub Capital BDC Inc [GBDC]. Should You Buy?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Golub Capital BDC Inc shares valued at $298,200 were purchased by Golub Lawrence E on Sep 05 ’24. At $14.91 per share, Golub Lawrence E acquired 20,000 shares. The insider’s holdings grew to 1,998,880 shares worth approximately $30.7 million following the completion of this transaction.

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Also, Golub Lawrence E purchased 20,000 shares, netting a total of over 295,600 in proceeds. Following the buying of shares at $14.78 each, the insider now holds 2,018,880 shares.

Before that, Golub David had added 20,000 shares to its account. In a trade valued at $298,200, the Chief Executive Officer bought Golub Capital BDC Inc shares for $14.91 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $30.7 million.

As published in a research note from Raymond James on May 08, 2024, Golub Capital BDC Inc [GBDC] has been rated down from an Outperform to a Mkt perform. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late March. As of August 09, 2023, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for GBDC. Earlier on April 18, 2023, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for GBDC stock which previously was a “an Overweight”.

Analyzing GBDC Stock Performance

During the last five days, there has been a drop of approximately -0.19%. Over the course of the year, Golub Capital BDC Inc shares have jumped approximately 3.59%. Shares of the company reached a 52-week high of $17.72 on 04/30/24 and a 52-week low of $14.05 on 08/06/24. A 50-day SMA is recorded $15.12, while a 200-day SMA reached $15.67.

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

According to the 24-hour chart, there is a support level at 15.30, which, if violated, would cause prices to drop to 15.23. In the upper region, resistance lies at 15.42. The next price resistance is at 15.48. RSI (Relative Strength Index) is 54.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.10, which suggests the price will decrease in the coming days. Percent R is at 28.46%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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