Golub Capital BDC (NASDAQ:GBDC) Posts Earnings Results, Beats Expectations By $0.02 EPS

Golub Capital BDC (NASDAQ:GBDC) announced its quarterly earnings data on Monday. The investment management company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02, MarketWatch Earnings reports. Golub Capital BDC had a net margin of 29.59% and a return on equity of 10.57%. During the same period in the previous year, the business posted $0.33 earnings per share.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $15.18 on Tuesday. Golub Capital BDC has a one year low of $12.27 and a one year high of $15.18. The company’s 50-day moving average is $14.45 and its 200 day moving average is $14.00. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 15.47 and a beta of 0.61. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.67 and a current ratio of 1.67.

Institutional Trading of Golub Capital BDC

Institutional investors have recently bought and sold shares of the company. Neo Ivy Capital Management purchased a new stake in Golub Capital BDC during the 2nd quarter valued at about $30,000. State of Wyoming purchased a new stake in shares of Golub Capital BDC during the 2nd quarter valued at about $84,000. BNP Paribas Arbitrage SNC purchased a new stake in shares of Golub Capital BDC during the 1st quarter valued at about $102,000. Family Management Corp purchased a new stake in shares of Golub Capital BDC during the 4th quarter valued at about $144,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Golub Capital BDC during the 2nd quarter valued at about $148,000. 40.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GBDC has been the subject of a number of recent analyst reports. Raymond James upgraded shares of Golub Capital BDC from a “market perform” rating to an “outperform” rating and set a $15.50 price target for the company in a report on Wednesday, August 9th. Wells Fargo & Company upped their price objective on shares of Golub Capital BDC from $13.00 to $15.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 9th. Oppenheimer upped their price objective on shares of Golub Capital BDC from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Finally, StockNews.com initiated coverage on shares of Golub Capital BDC in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Golub Capital BDC presently has an average rating of “Moderate Buy” and a consensus target price of $15.50.

Golub Capital BDC Company Profile

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.