Golub Capital BDC (NASDAQ:GBDC) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Golub Capital BDC (NASDAQ:GBDC) posted its quarterly earnings results on Monday. The investment management company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01), Briefing.com reports. The business had revenue of $171.27 million for the quarter, compared to analyst estimates of $205.24 million. Golub Capital BDC had a net margin of 53.05% and a return on equity of 13.03%. During the same period in the previous year, the firm posted $0.44 earnings per share.

Golub Capital BDC Stock Down 0.4 %

Shares of GBDC traded down $0.06 during trading hours on Wednesday, hitting $14.55. 616,485 shares of the company were exchanged, compared to its average volume of 1,057,552. The company has a market cap of $2.50 billion, a PE ratio of 7.19 and a beta of 0.52. The firm’s 50 day moving average is $15.69 and its 200-day moving average is $16.00. Golub Capital BDC has a 52 week low of $13.89 and a 52 week high of $17.72. The company has a debt-to-equity ratio of 1.26, a quick ratio of 6.29 and a current ratio of 6.29.

Golub Capital BDC Dividend Announcement

The business also recently declared a None dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, August 16th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 76.85%.

Insider Transactions at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub bought 62,267 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was purchased at an average price of $16.06 per share, for a total transaction of $1,000,008.02. Following the purchase, the chairman now directly owns 1,268,880 shares in the company, valued at $20,378,212.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Lawrence E. Golub purchased 62,267 shares of the business’s stock in a transaction on Friday, June 7th. The stock was purchased at an average price of $16.06 per share, with a total value of $1,000,008.02. Following the acquisition, the chairman now directly owns 1,268,880 shares in the company, valued at approximately $20,378,212.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David Golub purchased 450,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was purchased at an average cost of $16.03 per share, with a total value of $7,213,500.00. Following the acquisition, the chief executive officer now owns 1,718,880 shares in the company, valued at $27,553,646.40. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 601,015 shares of company stock worth $9,636,138. 2.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on GBDC. Raymond James lowered Golub Capital BDC from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Wells Fargo & Company lowered their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods lowered their target price on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, StockNews.com downgraded Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.20.

About Golub Capital BDC

Golub Capital BDC, Inc (GBDC) 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.