Golub Capital BDC (NASDAQ:GBDC) Issues Earnings Results, Misses Estimates By $0.11 EPS

Golub Capital BDC (NASDAQ:GBDC) issued its quarterly earnings data on Monday. The investment management company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.11), FiscalAI reports. Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC traded up $0.36 during trading on Monday, reaching $13.19. The company had a trading volume of 1,439,435 shares, compared to its average volume of 1,933,656. The firm’s fifty day moving average is $12.88 and its 200 day moving average is $12.88. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market capitalization of $3.44 billion, a PE ratio of 17.13 and a beta of 0.39. Golub Capital BDC has a twelve month low of $11.77 and a twelve month high of $14.93.

Institutional Investors Weigh In On Golub Capital BDC

A number of institutional investors have recently added to or reduced their stakes in GBDC. Keel Point LLC boosted its stake in Golub Capital BDC by 2.7% during the 2nd quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock valued at $584,000 after purchasing an additional 1,039 shares in the last quarter. Ironsides Asset Advisors LLC lifted its holdings in shares of Golub Capital BDC by 7.6% in the fourth quarter. Ironsides Asset Advisors LLC now owns 15,755 shares of the investment management company’s stock valued at $214,000 after buying an additional 1,113 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Golub Capital BDC by 1.3% in the fourth quarter. Cetera Investment Advisers now owns 106,374 shares of the investment management company’s stock valued at $1,443,000 after buying an additional 1,361 shares during the period. Mackenzie Financial Corp boosted its stake in Golub Capital BDC by 3.8% during the third quarter. Mackenzie Financial Corp now owns 42,767 shares of the investment management company’s stock valued at $585,000 after buying an additional 1,557 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake 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 valued at $163,000 after buying an additional 1,628 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Royal Bank Of Canada reduced 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. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Oppenheimer restated an “outperform” rating and issued a $14.00 price target on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Finally, Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Golub Capital BDC has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

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.