Brokerages predict that Golub Capital Bdc (NASDAQ:GBDC) will announce $0.32 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Golub Capital Bdc’s earnings, with estimates ranging from $0.32 to $0.33. Golub Capital Bdc also reported earnings of $0.32 per share during the same quarter last year. The company is expected to issue its next earnings results 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 year, analysts expect that the firm will post earnings of $1.30 per share, with EPS estimates ranging from $1.28 to $1.36. Zacks’ EPS calculations are an average based on a survey of analysts that cover Golub Capital Bdc.
Golub Capital Bdc (NASDAQ:GBDC) last announced its earnings results on Wednesday, February 7th. The investment management company reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The business had revenue of $36.45 million during the quarter, compared to the consensus estimate of $35.22 million. Golub Capital Bdc had a return on equity of 7.94% and a net margin of 58.64%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS.
GBDC has been the subject of several research analyst reports. National Securities raised Golub Capital Bdc from a “neutral” rating to a “buy” rating and upped their target price for the stock from $19.00 to $21.00 in a research note on Monday, February 12th. ValuEngine upgraded Golub Capital Bdc from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. BidaskClub upgraded Golub Capital Bdc from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Finally, Zacks Investment Research upgraded Golub Capital Bdc from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Golub Capital Bdc currently has a consensus rating of “Hold” and a consensus price target of $20.67.
Shares of GBDC stock opened at $17.95 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.46 and a quick ratio of 3.46. The company has a market cap of $1,072.35, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62. Golub Capital Bdc has a 1-year low of $17.35 and a 1-year high of $20.50.
The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 8th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 7.13%. The ex-dividend date of this dividend was Wednesday, March 7th. Golub Capital Bdc’s payout ratio is 102.40%.
In other news, Director William M. Iv Webster purchased 15,468 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average cost of $18.09 per share, for a total transaction of $279,816.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William M. Iv Webster purchased 1,634 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average price of $17.96 per share, with a total value of $29,346.64. Following the completion of the transaction, the director now directly owns 138,148 shares of the company’s stock, valued at approximately $2,481,138.08. The disclosure for this purchase can be found here. Insiders have purchased 37,102 shares of company stock valued at $671,163 over the last quarter. 2.40% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of GBDC. Northern Trust Corp grew its holdings in Golub Capital Bdc by 41.4% in the 2nd quarter. Northern Trust Corp now owns 30,214 shares of the investment management company’s stock valued at $578,000 after buying an additional 8,841 shares in the last quarter. Nationwide Fund Advisors purchased a new stake in Golub Capital Bdc in the 3rd quarter valued at $225,000. Macquarie Group Ltd. purchased a new stake in Golub Capital Bdc in the 3rd quarter valued at $102,000. Legal & General Group Plc grew its holdings in Golub Capital Bdc by 9.9% in the 3rd quarter. Legal & General Group Plc now owns 164,845 shares of the investment management company’s stock valued at $3,102,000 after buying an additional 14,832 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Golub Capital Bdc by 15.7% in the 3rd quarter. Wells Fargo & Company MN now owns 1,460,439 shares of the investment management company’s stock valued at $27,486,000 after buying an additional 198,503 shares in the last quarter. Institutional investors own 38.66% of the company’s stock.
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About Golub Capital Bdc
Golub Capital BDC, Inc 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. The company seeks to invest in the United States.
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