Golub Capital BDC (GBDC) Releases Quarterly Earnings Results
Golub Capital BDC (NASDAQ:GBDC) released its earnings data on Thursday. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.03, Analyst Ratings Network.com reports. The company had revenue of $28.02 million for the quarter, compared to the consensus estimate of $28.52 million. During the same quarter last year, the company posted $0.32 earnings per share. Golub Capital BDC’s revenue was up 10.9% compared to the same quarter last year.
A number of research firms have recently commented on GBDC. Analysts at Zacks upgraded shares of Golub Capital BDC from an “underperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $16.90 price target on the stock. On a related note, analysts at SunTrust initiated coverage on shares of Golub Capital BDC in a research note on Thursday, June 26th. They set a “neutral” rating and a $17.00 price target on the stock.
Golub Capital BDC (NASDAQ:GBDC) traded down 0.30% during mid-day trading on Thursday, hitting $16.47. The stock had a trading volume of 40,843 shares. Golub Capital BDC has a 1-year low of $15.57 and a 1-year high of $19.38. The stock has a 50-day moving average of $17.24 and a 200-day moving average of $17.60.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 7.75%.
Golub Capital BDC, Inc (NASDAQ:GBDC) is an externally managed, closed-end, non-diversified management investment company.
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