Wall Street brokerages forecast that Golub Capital BDC Inc (NASDAQ:GBDC) will post earnings per share of $0.32 for the current quarter, Zacks reports. Three analysts have issued estimates for Golub Capital BDC’s earnings, with estimates ranging from $0.32 to $0.33. Golub Capital BDC also posted earnings of $0.32 per share in the same quarter last year. The firm is expected to report its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Golub Capital BDC will report full year earnings of $1.27 per share for the current fiscal year, with EPS estimates ranging from $1.26 to $1.28. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.30 per share, with EPS estimates ranging from $1.28 to $1.36. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Golub Capital BDC.
Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Wednesday, February 7th. The investment management company reported $0.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.32. Golub Capital BDC had a net margin of 58.64% and a return on equity of 7.94%. The firm had revenue of $36.45 million during the quarter, compared to the consensus estimate of $35.22 million. During the same period in the prior year, the firm earned $0.34 EPS. The company’s revenue was up 7.7% compared to the same quarter last year.
Several research analysts recently commented on the stock. BidaskClub raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Monday, February 5th. ValuEngine downgraded shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. National Securities raised shares of Golub Capital BDC from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $19.00 to $21.00 in a report on Monday. Finally, Zacks Investment Research downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, November 23rd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $20.38.
Golub Capital BDC (NASDAQ GBDC) traded down $0.11 during trading on Friday, hitting $18.26. 323,200 shares of the stock were exchanged, compared to its average volume of 289,476. Golub Capital BDC has a 1 year low of $17.35 and a 1 year high of $20.50. The company has a market cap of $1,097.45, a P/E ratio of 12.77, a P/E/G ratio of 1.44 and a beta of 0.65. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.86.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 8th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 7.01%. The ex-dividend date is Wednesday, March 7th. Golub Capital BDC’s dividend payout ratio (DPR) is currently 67.13%.
In related news, Director William M. Iv Webster acquired 1,634 shares of the stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $17.96 per share, for a total transaction of $29,346.64. Following the transaction, the director now owns 138,148 shares in the company, valued at approximately $2,481,138.08. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.
Large investors have recently modified their holdings of the stock. Macquarie Group Ltd. purchased a new position in Golub Capital BDC in the 3rd quarter worth $102,000. San Francisco Sentry Investment Group CA purchased a new position in Golub Capital BDC in the 3rd quarter worth $134,000. Global X MANAGEMENT CO LLC raised its position in Golub Capital BDC by 48.4% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,981 shares of the investment management company’s stock worth $188,000 after purchasing an additional 3,253 shares during the period. Cullen Frost Bankers Inc. purchased a new position in Golub Capital BDC in the 3rd quarter worth $194,000. Finally, JPMorgan Chase & Co. raised its position in Golub Capital BDC by 219.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,042 shares of the investment management company’s stock worth $210,000 after purchasing an additional 7,584 shares during the period. Institutional investors own 40.56% of the company’s stock.
Golub Capital BDC Company Profile
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
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