Brokerages predict that Golub Capital BDC, Inc. (NASDAQ:GBDC) will post earnings of $0.30 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Golub Capital BDC’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.30. Golub Capital BDC posted earnings of $0.28 per share during the same quarter last year, which suggests a positive year over year growth rate of 7.1%. The firm is scheduled to announce its next quarterly earnings report on Monday, November 29th.
According to Zacks, analysts expect that Golub Capital BDC will report full-year earnings of $1.17 per share for the current financial year, with EPS estimates ranging from $1.16 to $1.17. For the next fiscal year, analysts anticipate that the business will report earnings of $1.18 per share, with EPS estimates ranging from $1.16 to $1.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Golub Capital BDC.
Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Sunday, August 8th. The investment management company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.19. Golub Capital BDC had a return on equity of 7.76% and a net margin of 121.90%. The firm had revenue of $75.77 million for the quarter, compared to analyst estimates of $75.72 million.
In other news, Chairman Lawrence E. Golub acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, July 21st. The shares were bought at an average cost of $15.99 per share, for a total transaction of $79,950.00. Following the acquisition, the chairman now directly owns 125,389 shares in the company, valued at approximately $2,004,970.11. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO David Golub bought 4,143 shares of the company’s stock in a transaction that occurred on Wednesday, July 28th. The shares were bought at an average price of $15.94 per share, for a total transaction of $66,039.42. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 54,202 shares of company stock worth $861,176. Company insiders own 6.90% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Lido Advisors LLC raised its holdings in shares of Golub Capital BDC by 988.6% during the 2nd quarter. Lido Advisors LLC now owns 192,148 shares of the investment management company’s stock valued at $2,963,000 after buying an additional 174,497 shares during the period. Cowen Prime Advisors LLC purchased a new stake in shares of Golub Capital BDC during the 2nd quarter valued at about $254,000. UBS Group AG raised its holdings in shares of Golub Capital BDC by 34.8% during the 1st quarter. UBS Group AG now owns 313,696 shares of the investment management company’s stock valued at $4,586,000 after buying an additional 81,011 shares during the period. Homrich & Berg increased its holdings in Golub Capital BDC by 18.8% during the 2nd quarter. Homrich & Berg now owns 329,290 shares of the investment management company’s stock worth $5,078,000 after purchasing an additional 52,223 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Golub Capital BDC during the 1st quarter worth approximately $706,000. Institutional investors and hedge funds own 42.96% of the company’s stock.
Shares of NASDAQ:GBDC opened at $15.97 on Monday. The stock’s 50-day moving average price is $15.69 and its two-hundred day moving average price is $15.61. The company has a current ratio of 7.72, a quick ratio of 7.72 and a debt-to-equity ratio of 0.83. Golub Capital BDC has a 12-month low of $12.31 and a 12-month high of $16.22. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 13.89 and a beta of 0.65.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 29th. Stockholders of record on Wednesday, September 8th were issued a $0.29 dividend. The ex-dividend date was Tuesday, September 7th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.26%. Golub Capital BDC’s dividend payout ratio (DPR) is 95.08%.
Golub Capital BDC Company Profile
Golub Capital BDC operates as a closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured, one-stop, second lien, subordinated loans of, and warrants, and minority equity securities in, United States middle-market companies.
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