Golub Capital BDC (NASDAQ:GBDC) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Golub Capital BDC (NASDAQ:GBDC) released its quarterly earnings results on Monday. The investment management company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01), Briefing.com reports. The firm had revenue of $171.27 million during the quarter, compared to the consensus estimate of $205.24 million. Golub Capital BDC had a return on equity of 13.03% and a net margin of 53.05%. During the same period in the previous year, the company posted $0.44 EPS.

Golub Capital BDC Trading Down 0.4 %

GBDC traded down $0.06 during trading on Wednesday, hitting $14.55. 616,485 shares of the stock traded hands, compared to its average volume of 1,057,552. The firm has a 50-day moving average of $15.69 and a 200 day moving average of $16.00. Golub Capital BDC has a 12-month low of $13.89 and a 12-month high of $17.72. The firm has a market capitalization of $2.50 billion, a P/E ratio of 7.19 and a beta of 0.52. The company has a debt-to-equity ratio of 1.26, a current ratio of 6.29 and a quick ratio of 6.29.

Golub Capital BDC Announces Dividend

The company also recently declared a None dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 16th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, August 16th. Golub Capital BDC’s dividend payout ratio is currently 76.85%.

Analyst Ratings Changes

A number of research firms recently commented on GBDC. Raymond James cut Golub Capital BDC from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Wells Fargo & Company reduced their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday. StockNews.com cut Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods reduced their target price on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.20.

Insider Buying and Selling at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub bought 62,267 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were bought at an average cost of $16.06 per share, with a total value of $1,000,008.02. Following the completion of the purchase, the chairman now directly owns 1,268,880 shares of the company’s stock, valued at $20,378,212.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 62,267 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was bought at an average price of $16.06 per share, with a total value of $1,000,008.02. Following the completion of the purchase, the chairman now directly owns 1,268,880 shares of the company’s stock, valued at approximately $20,378,212.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Lawrence E. Golub acquired 88,748 shares of Golub Capital BDC stock in a transaction on Tuesday, June 11th. The shares were bought at an average cost of $16.03 per share, for a total transaction of $1,422,630.44. Following the completion of the transaction, the chairman now owns 1,357,628 shares in the company, valued at approximately $21,762,776.84. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 601,015 shares of company stock worth $9,636,138. 2.70% of the stock is currently owned by company insiders.

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.