Analysts expect that Golub Capital Bdc (NASDAQ:GBDC) will post $36.83 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Golub Capital Bdc’s earnings, with the highest sales estimate coming in at $37.56 million and the lowest estimate coming in at $36.11 million. Golub Capital Bdc reported sales of $35.41 million during the same quarter last year, which would suggest a positive year over year growth rate of 4%. The business is scheduled to issue its next earnings results on Monday, August 6th.
According to Zacks, analysts expect that Golub Capital Bdc will report full year sales of $148.23 million for the current year, with estimates ranging from $145.76 million to $149.93 million. For the next year, analysts anticipate that the business will report sales of $163.50 million per share, with estimates ranging from $148.37 million to $177.13 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Golub Capital Bdc.
Golub Capital Bdc (NASDAQ:GBDC) last released its earnings results on Monday, May 7th. The investment management company reported $0.32 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. The firm had revenue of $36.90 million during the quarter, compared to analysts’ expectations of $36.35 million. Golub Capital Bdc had a net margin of 58.88% and a return on equity of 8.11%.
Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Golub Capital Bdc from a “buy” rating to a “hold” rating in a research note on Monday. National Securities reiterated a “buy” rating and set a $21.00 target price on shares of Golub Capital Bdc in a research note on Thursday, May 10th. ValuEngine cut shares of Golub Capital Bdc from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, BidaskClub upgraded shares of Golub Capital Bdc from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $20.67.
In other Golub Capital Bdc news, Director William M. Iv Webster purchased 19,674 shares of the stock in a transaction on Monday, February 26th. The shares were purchased at an average price of $18.10 per share, with a total value of $356,099.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William M. Iv Webster purchased 15,468 shares of the stock in a transaction on Tuesday, February 20th. The stock was acquired at an average cost of $18.09 per share, for a total transaction of $279,816.12. The disclosure for this purchase can be found here. Insiders acquired a total of 35,468 shares of company stock worth $641,816 in the last three months. Insiders own 2.40% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. bought a new stake in Golub Capital Bdc in the 1st quarter valued at $185,000. Koch Industries Inc. bought a new stake in shares of Golub Capital Bdc in the 1st quarter worth about $195,000. Aperio Group LLC bought a new stake in shares of Golub Capital Bdc in the 1st quarter worth about $212,000. LPL Financial LLC bought a new stake in shares of Golub Capital Bdc in the 1st quarter worth about $214,000. Finally, Canal Capital Management LLC bought a new stake in shares of Golub Capital Bdc in the 4th quarter worth about $245,000. 39.15% of the stock is currently owned by hedge funds and other institutional investors.
Golub Capital Bdc traded up $0.08, hitting $18.53, during trading hours on Monday, Marketbeat Ratings reports. 12,156 shares of the company traded hands, compared to its average volume of 239,340. The stock has a market cap of $1.11 billion, a P/E ratio of 14.83, a PEG ratio of 1.46 and a beta of 0.61. Golub Capital Bdc has a twelve month low of $18.44 and a twelve month high of $18.47. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.76 and a quick ratio of 2.76.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Friday, June 8th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 6.91%. The ex-dividend date is Thursday, June 7th. Golub Capital Bdc’s dividend payout ratio (DPR) is presently 102.40%.
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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