Golub Capital BDC (NASDAQ:GBDC) Issues Earnings Results, Beats Estimates By $0.01 EPS

Golub Capital BDC (NASDAQ:GBDC) issued its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01, Zacks reports. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. The firm had revenue of $98.53 million for the quarter, compared to analyst estimates of $189.91 million. During the same period in the previous year, the business earned $0.39 EPS.

Golub Capital BDC Price Performance

Shares of GBDC traded up $0.06 during trading hours on Thursday, hitting $13.16. 272,791 shares of the company were exchanged, compared to its average volume of 1,844,157. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 20.26 and a beta of 0.39. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.22. Golub Capital BDC has a fifty-two week low of $11.77 and a fifty-two week high of $14.93. The firm’s fifty day moving average is $12.92 and its 200 day moving average is $12.83.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date is Monday, September 14th. Golub Capital BDC’s dividend payout ratio is presently 203.08%.

Insider Buying and Selling

In other news, Director Lawrence E. Golub sold 1,676,387 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $13.06, for a total value of $21,893,614.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Golub Capital BDC

A number of institutional investors and hedge funds have recently made changes to their positions in GBDC. Advisory Services Network LLC purchased a new stake in Golub Capital BDC in the 3rd quarter valued at $77,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Golub Capital BDC by 104.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock valued at $87,000 after acquiring an additional 3,287 shares in the last quarter. Barclays PLC purchased a new stake in shares of Golub Capital BDC during the fourth quarter valued at approximately $120,000. Sepio Capital LP purchased a new stake in shares of Golub Capital BDC during the fourth quarter valued at approximately $136,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Golub Capital BDC by 15.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 12,017 shares of the investment management company’s stock worth $163,000 after acquiring an additional 1,628 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on GBDC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Oppenheimer reaffirmed an “outperform” rating and set a $14.00 price target on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Royal Bank Of Canada decreased their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Finally, Zacks Research upgraded shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $13.90.

Golub Capital BDC Company Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.