Golub Capital BDC (NASDAQ:GBDC) Releases Quarterly Earnings Results, Hits Expectations

Golub Capital BDC (NASDAQ:GBDC) announced its earnings results on Tuesday. The investment management company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39, Zacks reports. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.

Golub Capital BDC Trading Down 0.4%

Shares of GBDC stock traded down $0.06 on Tuesday, hitting $13.55. 2,853,437 shares of the stock traded hands, compared to its average volume of 1,472,572. Golub Capital BDC has a twelve month low of $12.68 and a twelve month high of $16.00. The stock has a market capitalization of $3.61 billion, a PE ratio of 9.54 and a beta of 0.47. The firm’s 50-day moving average price is $13.97 and its two-hundred day moving average price is $14.55. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.37 and a current ratio of 2.37.

Hedge Funds Weigh In On Golub Capital BDC

A number of hedge funds have recently made changes to their positions in the stock. Ausdal Financial Partners Inc. purchased a new stake in Golub Capital BDC during the second quarter worth about $175,000. PharVision Advisers LLC acquired a new stake in Golub Capital BDC during the 3rd quarter worth $181,000. Armistice Capital LLC purchased a new position in shares of Golub Capital BDC during the third quarter worth about $187,000. Verition Fund Management LLC acquired a new position in shares of Golub Capital BDC in the third quarter valued at approximately $197,000. Finally, Virtu Financial LLC purchased a new stake in shares of Golub Capital BDC in the third quarter valued at about $217,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

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.