Golub Capital BDC (NASDAQ:GBDC) Posts Earnings Results, Misses Expectations By $0.01 EPS

Golub Capital BDC (NASDAQ:GBDC) posted its quarterly earnings data on Monday. The investment management company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01), Briefing.com reports. The company had revenue of $171.27 million during the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.44 earnings per share.

Golub Capital BDC Stock Performance

Shares of NASDAQ GBDC opened at $14.71 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 6.29 and a current ratio of 6.29. The stock has a 50 day moving average price of $15.69 and a 200 day moving average price of $16.00. The stock has a market capitalization of $2.52 billion, a PE ratio of 7.20 and a beta of 0.52. Golub Capital BDC has a 52 week low of $13.89 and a 52 week high of $17.72.

Golub Capital BDC Announces Dividend

The business also recently announced a None dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 16th will be given a $0.05 dividend. The ex-dividend date is Friday, August 16th. Golub Capital BDC’s dividend payout ratio is currently 76.85%.

Analysts Set New Price Targets

GBDC has been the topic of a number of research reports. StockNews.com lowered Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Raymond James cut Golub Capital BDC from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Finally, Wells Fargo & Company reduced their price target on Golub Capital BDC from $17.00 to $15.50 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.40.

Insider Buying and Selling at Golub Capital BDC

In other news, Chairman Lawrence E. Golub bought 88,748 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was acquired at an average cost of $16.03 per share, with a total value of $1,422,630.44. Following the completion of the purchase, the chairman now owns 1,357,628 shares of the company’s stock, valued at $21,762,776.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 62,267 shares of the stock in a transaction on Friday, June 7th. The shares were purchased at an average price of $16.06 per share, with a total value of $1,000,008.02. Following the completion of the transaction, the chairman now directly owns 1,268,880 shares in the company, valued at $20,378,212.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Lawrence E. Golub acquired 88,748 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was acquired at an average cost of $16.03 per share, with a total value of $1,422,630.44. Following the completion of the transaction, the chairman now owns 1,357,628 shares of the company’s stock, valued at $21,762,776.84. The disclosure for this purchase can be found here. Insiders purchased a total of 601,015 shares of company stock worth $9,636,138 over the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

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.