Golub Capital BDC (NASDAQ:GBDC) Issues Earnings Results

Golub Capital BDC (NASDAQ:GBDC) announced its quarterly earnings data on Monday. The investment management company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01), Briefing.com reports. Golub Capital BDC had a net margin of 53.05% and a return on equity of 13.03%. The firm had revenue of $171.27 million for the quarter, compared to analysts’ expectations of $205.24 million. During the same period in the prior year, the business posted $0.44 EPS.

Golub Capital BDC Trading Up 0.7 %

NASDAQ:GBDC opened at $14.61 on Wednesday. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 7.20 and a beta of 0.52. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.26. The company’s 50 day moving average price is $15.69 and its 200-day moving average price is $16.00. Golub Capital BDC has a 52 week low of $13.89 and a 52 week high of $17.72.

Golub Capital BDC Announces Dividend

The company also recently announced a None dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 16th will be issued a $0.05 dividend. The ex-dividend date is Friday, August 16th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 76.85%.

Insider Buying and Selling

In other Golub Capital BDC news, CEO David Golub bought 450,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were acquired at an average cost of $16.03 per share, for a total transaction of $7,213,500.00. Following the purchase, the chief executive officer now owns 1,718,880 shares in the company, valued at approximately $27,553,646.40. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Chairman Lawrence E. Golub acquired 62,267 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was purchased at an average cost of $16.06 per share, with a total value of $1,000,008.02. Following the completion of the acquisition, the chairman now directly owns 1,268,880 shares of the company’s stock, valued at $20,378,212.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Golub acquired 450,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were bought at an average price of $16.03 per share, for a total transaction of $7,213,500.00. Following the transaction, the chief executive officer now owns 1,718,880 shares of the company’s stock, valued at $27,553,646.40. The disclosure for this purchase can be found here. Insiders bought a total of 601,015 shares of company stock worth $9,636,138 in the last three months. Insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GBDC. Wells Fargo & Company lowered their price target on shares of Golub Capital BDC from $17.00 to $15.50 and set an “equal weight” rating for the company in a research report on Friday, July 26th. StockNews.com cut Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Raymond James lowered Golub Capital BDC from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.40.

Golub Capital BDC Company Profile

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.