Wall Street brokerages predict that Golub Capital BDC Inc (NASDAQ:GBDC) will report sales of $36.02 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Golub Capital BDC’s earnings. The highest sales estimate is $37.33 million and the lowest is $34.69 million. Golub Capital BDC posted sales of $33.56 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.3%. The company is scheduled to report its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Golub Capital BDC will report full-year sales of $36.02 million for the current fiscal year, with estimates ranging from $144.00 million to $152.64 million. For the next financial year, analysts anticipate that the firm will post sales of $163.17 million per share, with estimates ranging from $149.58 million to $182.94 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Golub Capital BDC.
Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Wednesday, February 7th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The company had revenue of $36.45 million for the quarter, compared to analysts’ expectations of $35.22 million. Golub Capital BDC had a return on equity of 7.94% and a net margin of 58.64%. Golub Capital BDC’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share.
Several analysts recently issued reports on GBDC shares. BidaskClub cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Zacks Investment Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 24th. ValuEngine raised Golub Capital BDC from a “hold” rating to a “buy” rating in a research note on Saturday, December 9th. Finally, National Securities reissued a “neutral” rating and issued a $19.00 target price on shares of Golub Capital BDC in a research note on Wednesday, November 22nd. 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 company has an average rating of “Hold” and a consensus target price of $20.38.
Shares of Golub Capital BDC (NASDAQ GBDC) opened at $18.27 on Friday. 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 stock has a market capitalization of $1,090.88, a PE ratio of 12.78, a P/E/G ratio of 1.44 and a beta of 0.65. Golub Capital BDC has a 12 month low of $17.35 and a 12 month high of $20.50.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 8th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $1.28 annualized dividend and a yield of 7.01%. Golub Capital BDC’s payout ratio is 67.13%.
In other news, Director William M. Iv Webster acquired 1,634 shares of the business’s stock in a transaction on Monday, February 12th. The shares were acquired at an average cost of $17.96 per share, with a total value 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 legal filing with the SEC, which is available at this link. Insiders own 2.40% of the company’s stock.
A number of institutional investors have recently bought and sold shares of GBDC. JPMorgan Chase & Co. boosted its position in Golub Capital BDC by 219.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,042 shares of the investment management company’s stock valued at $210,000 after acquiring an additional 7,584 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Golub Capital BDC by 55.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 34,625 shares of the investment management company’s stock valued at $667,000 after acquiring an additional 12,369 shares in the last quarter. Northern Trust Corp boosted its position in Golub Capital BDC by 41.4% during the 2nd quarter. Northern Trust Corp now owns 30,214 shares of the investment management company’s stock valued at $578,000 after acquiring an additional 8,841 shares in the last quarter. California Public Employees Retirement System boosted its position in Golub Capital BDC by 183.2% during the 2nd quarter. California Public Employees Retirement System now owns 30,300 shares of the investment management company’s stock valued at $579,000 after acquiring an additional 19,600 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in Golub Capital BDC by 1.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 48,591 shares of the investment management company’s stock valued at $220,000 after acquiring an additional 631 shares in the last quarter. 40.56% of the stock is currently owned by institutional investors and hedge funds.
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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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