Golub Capital BDC (NASDAQ:GBDC) Announces Earnings Results

Golub Capital BDC (NASDAQ:GBDCGet Rating) posted its quarterly earnings results on Tuesday. The investment management company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08, Briefing.com reports. The firm had revenue of $85.90 million for the quarter, compared to analysts’ expectations of $92.16 million. Golub Capital BDC had a net margin of 86.36% and a return on equity of 7.70%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share.

Shares of NASDAQ:GBDC traded down $0.16 on Friday, reaching $14.34. The company had a trading volume of 47,888 shares, compared to its average volume of 795,955. Golub Capital BDC has a 52-week low of $14.42 and a 52-week high of $16.23. The firm’s 50 day simple moving average is $15.14 and its 200-day simple moving average is $15.37. The firm has a market capitalization of $2.45 billion, a PE ratio of 8.78 and a beta of 0.56. The company has a current ratio of 7.49, a quick ratio of 7.49 and a debt-to-equity ratio of 1.09.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 29th. Shareholders of record on Friday, June 3rd will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 8.37%. Golub Capital BDC’s dividend payout ratio is currently 71.86%.

Several hedge funds and other institutional investors have recently modified their holdings of GBDC. Neo Ivy Capital Management purchased a new position in Golub Capital BDC in the fourth quarter valued at about $36,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Golub Capital BDC by 19.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 17,511 shares of the investment management company’s stock valued at $266,000 after buying an additional 2,905 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Golub Capital BDC by 4.4% in the 1st quarter. Mackenzie Financial Corp now owns 85,946 shares of the investment management company’s stock worth $1,307,000 after buying an additional 3,628 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of Golub Capital BDC by 13.3% during the 1st quarter. Moors & Cabot Inc. now owns 32,784 shares of the investment management company’s stock worth $499,000 after acquiring an additional 3,836 shares in the last quarter. Finally, Blair William & Co. IL lifted its position in Golub Capital BDC by 18.4% during the first quarter. Blair William & Co. IL now owns 30,326 shares of the investment management company’s stock valued at $461,000 after acquiring an additional 4,711 shares during the last quarter. Hedge funds and other institutional investors own 44.01% of the company’s stock.

A number of analysts recently issued reports on GBDC shares. Zacks Investment Research lowered Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Wells Fargo & Company upped their target price on Golub Capital BDC from $17.00 to $17.50 and gave the stock an “overweight” rating in a report on Monday, April 25th. Finally, StockNews.com began coverage on Golub Capital BDC in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $17.17.

About Golub Capital BDC (Get Rating)

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.

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Earnings History for Golub Capital BDC (NASDAQ:GBDC)

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