Golub Capital BDC (NASDAQ:GBDC – Get Free Report) posted its quarterly earnings results on Monday. The investment management company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01, Zacks reports. The business had revenue of $187.73 million for the quarter, compared to analysts’ expectations of $189.91 million. Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. During the same period in the prior year, the company posted $0.39 EPS.
Golub Capital BDC Stock Performance
NASDAQ GBDC opened at $13.19 on Tuesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20. Golub Capital BDC has a 1-year low of $11.77 and a 1-year high of $14.93. The firm has a market capitalization of $3.44 billion, a P/E ratio of 17.13 and a beta of 0.39. The business’s 50-day simple moving average is $12.89 and its 200-day simple moving average is $12.87.
Golub Capital BDC Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend is Monday, September 14th. Golub Capital BDC’s payout ratio is currently 171.43%.
Institutional Investors Weigh In On Golub Capital BDC
Analyst Ratings Changes
GBDC has been the subject of several recent analyst reports. Royal Bank Of Canada reduced their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Wall Street Zen cut Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Oppenheimer reiterated an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.00.
View Our Latest Report on Golub Capital BDC
Golub Capital BDC Company Profile
Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.
The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.
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