Golub Capital BDC (NASDAQ:GBDC) Announces Quarterly Earnings Results

Golub Capital BDC (NASDAQ:GBDC) issued its earnings results on Tuesday. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04), Zacks reports. Golub Capital BDC had a net margin of 37.78% and a return on equity of 11.86%.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC traded down $0.06 during midday trading on Tuesday, reaching $15.67. The company’s stock had a trading volume of 1,190,357 shares, compared to its average volume of 1,287,489. The company has a market cap of $4.14 billion, a P/E ratio of 11.11 and a beta of 0.54. Golub Capital BDC has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The business’s 50 day moving average price is $15.30 and its two-hundred day moving average price is $15.15.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 9th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.96%. Golub Capital BDC’s payout ratio is presently 110.64%.

Wall Street Analysts Forecast Growth

GBDC has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 21st. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.38.

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.