Wall Street analysts predict that Golub Capital BDC Inc (NASDAQ:GBDC) will post earnings of $0.33 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Golub Capital BDC’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.31. Golub Capital BDC reported earnings of $0.32 per share in the same quarter last year, which would indicate a positive year over year growth rate of 3.1%. The firm is scheduled to report its next quarterly earnings results on Wednesday, August 5th.
On average, analysts expect that Golub Capital BDC will report full-year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.21 to $1.23. For the next financial year, analysts forecast that the company will post earnings of $1.08 per share, with EPS estimates ranging from $1.05 to $1.11. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover Golub Capital BDC.
Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, May 11th. The investment management company reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. Golub Capital BDC had a positive return on equity of 6.59% and a negative net margin of 96.69%. The firm had revenue of $75.12 million for the quarter, compared to the consensus estimate of $84.58 million. During the same period in the prior year, the business posted $0.31 earnings per share.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, June 12th. ValuEngine downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. TheStreet downgraded Golub Capital BDC from a “c” rating to a “d+” rating in a report on Monday, May 18th. Bank of America restated a “neutral” rating and set a $11.50 price objective (down from $13.50) on shares of Golub Capital BDC in a report on Wednesday, May 13th. Finally, Wells Fargo & Co reduced their price objective on Golub Capital BDC from $19.50 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, March 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Golub Capital BDC currently has a consensus rating of “Hold” and an average price target of $12.50.
Several large investors have recently made changes to their positions in GBDC. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Golub Capital BDC by 2,957.1% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 3,638 shares of the investment management company’s stock valued at $46,000 after acquiring an additional 3,519 shares during the period. CIBC World Markets Inc. purchased a new position in shares of Golub Capital BDC in the 1st quarter valued at $134,000. First Allied Advisory Services Inc. purchased a new position in shares of Golub Capital BDC in the 1st quarter valued at $136,000. Next Capital Management LLC increased its holdings in shares of Golub Capital BDC by 60.2% in the 1st quarter. Next Capital Management LLC now owns 11,180 shares of the investment management company’s stock valued at $140,000 after acquiring an additional 4,200 shares during the period. Finally, Mission Wealth Management LP purchased a new position in shares of Golub Capital BDC in the 1st quarter valued at $146,000. Institutional investors and hedge funds own 41.63% of the company’s stock.
Shares of NASDAQ GBDC traded up $0.25 during midday trading on Thursday, hitting $11.66. The company’s stock had a trading volume of 71,285 shares, compared to its average volume of 673,481. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $11.72 and its two-hundred day moving average is $14.58. Golub Capital BDC has a 12-month low of $9.08 and a 12-month high of $19.14. The firm has a market cap of $1.55 billion, a P/E ratio of -5.61 and a beta of 0.58.
The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Tuesday, June 9th were issued a $0.29 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 9.95%. Golub Capital BDC’s dividend payout ratio is presently 91.34%.
Golub Capital BDC Company Profile
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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