Golub Capital BDC (NASDAQ:GBDC) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Golub Capital BDC (NASDAQ:GBDC) issued its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02), Zacks reports. Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. The business had revenue of ($5.28) million during the quarter, compared to analyst estimates of $201.71 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share.

Golub Capital BDC Trading Down 0.1%

NASDAQ:GBDC opened at $13.08 on Thursday. Golub Capital BDC has a twelve month low of $11.77 and a twelve month high of $15.63. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.25. The business has a 50 day moving average price of $12.96 and a two-hundred day moving average price of $13.18. The company has a market cap of $3.41 billion, a P/E ratio of 16.99 and a beta of 0.41.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be paid a $0.33 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.32 annualized dividend and a yield of 10.1%. Golub Capital BDC’s payout ratio is presently 171.43%.

Institutional Trading of Golub Capital BDC

A number of hedge funds and other institutional investors have recently made changes to their positions in GBDC. Keel Point LLC boosted its holdings in Golub Capital BDC by 2.7% during the second quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock worth $584,000 after purchasing an additional 1,039 shares during the last quarter. Ironsides Asset Advisors LLC increased its stake in Golub Capital BDC by 7.6% in the 4th quarter. Ironsides Asset Advisors LLC now owns 15,755 shares of the investment management company’s stock valued at $214,000 after buying an additional 1,113 shares during the last quarter. Cetera Investment Advisers increased its stake in Golub Capital BDC by 1.3% in the 4th quarter. Cetera Investment Advisers now owns 106,374 shares of the investment management company’s stock valued at $1,443,000 after buying an additional 1,361 shares during the last quarter. Mackenzie Financial Corp lifted its position in Golub Capital BDC by 3.8% during the 3rd quarter. Mackenzie Financial Corp now owns 42,767 shares of the investment management company’s stock worth $585,000 after buying an additional 1,557 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in Golub Capital BDC by 15.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 12,017 shares of the investment management company’s stock worth $163,000 after buying an additional 1,628 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on GBDC. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday, March 27th. Oppenheimer reissued an “outperform” rating and set a $14.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods dropped their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Royal Bank Of Canada cut their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Finally, Wells Fargo & Company reduced their target price on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Golub Capital BDC has a consensus rating of “Moderate Buy” and an average price target of $14.00.

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.