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

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

Golub Capital BDC Trading Down 0.1 %

GBDC traded down $0.01 during mid-day trading on Wednesday, reaching $14.60. The stock had a trading volume of 836,031 shares, compared to its average volume of 1,059,006. The firm’s fifty day simple moving average is $15.69 and its two-hundred day simple moving average is $16.00. The stock has a market capitalization of $2.50 billion, a P/E ratio of 7.19 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. 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 Announces Dividend

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 of this dividend is Friday, August 16th. Golub Capital BDC’s dividend payout ratio (DPR) is currently 76.85%.

Insider Activity

In other news, CEO David Golub purchased 450,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were acquired at an average price of $16.03 per share, for a total transaction of $7,213,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,718,880 shares in the company, valued at $27,553,646.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Golub Capital BDC news, CEO David Golub acquired 450,000 shares of Golub Capital BDC stock in a transaction on Tuesday, June 11th. The shares were purchased at an average cost of $16.03 per share, with a total value of $7,213,500.00. Following the completion of the purchase, the chief executive officer now owns 1,718,880 shares in the company, valued at $27,553,646.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Lawrence E. Golub bought 88,748 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were acquired at an average price of $16.03 per share, with a total value of $1,422,630.44. Following the transaction, the chairman now directly owns 1,357,628 shares in the company, valued at approximately $21,762,776.84. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 601,015 shares of company stock valued at $9,636,138. Company insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

GBDC has been the subject of several analyst reports. StockNews.com lowered Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Wells Fargo & Company reduced their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods dropped their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a report on Wednesday. Finally, Raymond James downgraded Golub Capital BDC from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.