Golub Capital BDC (NASDAQ:GBDC) Releases Earnings Results, Beats Expectations By $0.01 EPS

Golub Capital BDC (NASDAQ:GBDC) posted its quarterly earnings data on Monday. The investment management company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01, Zacks reports. The business had revenue of $187.73 million during the quarter, compared to the consensus estimate of $189.91 million. Golub Capital BDC had a return on equity of 9.84% and a net margin of 21.45%.During the same period last year, the company earned $0.39 earnings per share.

Golub Capital BDC Stock Performance

NASDAQ GBDC traded down $0.25 during trading hours on Wednesday, reaching $12.83. 519,916 shares of the company were exchanged, compared to its average volume of 1,922,728. 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’s 50 day simple moving average is $12.89 and its 200-day simple moving average is $12.87. Golub Capital BDC has a 1 year low of $11.77 and a 1 year high of $14.93. The stock has a market capitalization of $3.34 billion, a P/E ratio of 16.66 and a beta of 0.39.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Monday, September 14th. Golub Capital BDC’s payout ratio is presently 171.43%.

Institutional Trading of Golub Capital BDC

A number of hedge funds have recently made changes to their positions in GBDC. Mercer Global Advisors Inc. ADV boosted its position in Golub Capital BDC by 39.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 249,360 shares of the investment management company’s stock valued at $3,384,000 after buying an additional 70,011 shares during the period. Onyx Bridge Wealth Group LLC grew its position in shares of Golub Capital BDC by 3.2% in the 4th quarter. Onyx Bridge Wealth Group LLC now owns 127,055 shares of the investment management company’s stock worth $1,724,000 after buying an additional 3,895 shares during the period. EP Wealth Advisors LLC bought a new stake in shares of Golub Capital BDC in the 4th quarter worth approximately $1,412,000. Coastal Bridge Advisors LLC bought a new position in Golub Capital BDC in the 4th quarter worth about $6,760,000. Finally, XTX Topco Ltd purchased a new stake in Golub Capital BDC during the 4th quarter valued at $4,334,000. 42.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on GBDC shares. 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 for the company in a research report on Thursday, May 7th. Wall Street Zen downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. Oppenheimer reiterated an “outperform” rating and issued a $14.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Finally, Zacks Research raised shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

About Golub Capital BDC

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.