Golub Capital BDC, Inc. (NASDAQ:GBDC) posted its quarterly earnings data on Monday. The investment management company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03, Briefing.com reports. The company had revenue of $35.40 million during the quarter, compared to analysts’ expectations of $35.11 million. Golub Capital BDC had a net margin of 55.30% and a return on equity of 7.67%. Golub Capital BDC’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 earnings per share.

Shares of Golub Capital BDC (GBDC) traded up 0.21% on Tuesday, hitting $19.37. 106,290 shares of the stock were exchanged. The company has a 50-day moving average price of $19.38 and a 200 day moving average price of $19.49. Golub Capital BDC has a 12 month low of $17.34 and a 12 month high of $20.50.

Several hedge funds have recently added to or reduced their stakes in the company. Lyell Wealth Management LP acquired a new stake in Golub Capital BDC during the first quarter worth $4,592,000. Segment Wealth Management LLC increased its stake in shares of Golub Capital BDC by 12.4% in the first quarter. Segment Wealth Management LLC now owns 27,175 shares of the investment management company’s stock valued at $540,000 after buying an additional 3,000 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Golub Capital BDC by 1.2% in the first quarter. Parametric Portfolio Associates LLC now owns 47,960 shares of the investment management company’s stock valued at $953,000 after buying an additional 553 shares during the period. Ameriprise Financial Inc. purchased a new stake in shares of Golub Capital BDC during the first quarter valued at approximately $442,000. Finally, Crawford Investment Counsel Inc. increased its stake in shares of Golub Capital BDC by 14.8% in the first quarter. Crawford Investment Counsel Inc. now owns 53,030 shares of the investment management company’s stock valued at $1,054,000 after buying an additional 6,820 shares during the period. 45.36% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research firms have commented on GBDC. National Securities raised their price target on shares of Golub Capital BDC from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, April 13th. BidaskClub cut shares of Golub Capital BDC from a “sell” rating to a “strong sell” rating in a report on Tuesday. Raymond James Financial, Inc. restated a “market perform” rating on shares of Golub Capital BDC in a report on Wednesday, May 10th. They noted that the move was a valuation call. Keefe, Bruyette & Woods restated a “hold” rating and issued a $19.50 price target on shares of Golub Capital BDC in a report on Tuesday, July 25th. Finally, Zacks Investment Research cut shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $19.60.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.

Earnings History for Golub Capital BDC (NASDAQ:GBDC)

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