Brokerages forecast that Golub Capital BDC, Inc. (NASDAQ:GBDC) will post $34.84 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Golub Capital BDC’s earnings, with the highest sales estimate coming in at $35.29 million and the lowest estimate coming in at $34.40 million. Golub Capital BDC reported sales of $34.50 million in the same quarter last year, which would suggest a positive year over year growth rate of 1%. The company is scheduled to report its next earnings results on Wednesday, November 15th.

According to Zacks, analysts expect that Golub Capital BDC will report full-year sales of $34.84 million for the current financial year, with estimates ranging from $137.00 million to $141.00 million. For the next fiscal year, analysts forecast that the business will report sales of $154.06 million per share, with estimates ranging from $144.18 million to $165.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Golub Capital BDC.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, August 7th. The investment management company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $35.40 million during the quarter, compared to the consensus estimate of $35.11 million. Golub Capital BDC had a net margin of 53.62% and a return on equity of 7.86%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share.

GBDC has been the subject of a number of research reports. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Golub Capital BDC in a research report on Wednesday, May 10th. They noted that the move was a valuation call. National Securities reiterated a “neutral” rating and issued a $19.00 price objective (up from $10.00) on shares of Golub Capital BDC in a research report on Thursday, May 11th. Zacks Investment Research lowered Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. BidaskClub upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $19.50 price objective on shares of Golub Capital BDC in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $19.60.

Institutional investors have recently modified their holdings of the company. Pinebridge Investments L.P. boosted its position in shares of Golub Capital BDC by 0.6% in the second quarter. Pinebridge Investments L.P. now owns 14,582 shares of the investment management company’s stock worth $279,000 after buying an additional 80 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Golub Capital BDC by 2.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,395 shares of the investment management company’s stock worth $218,000 after buying an additional 298 shares during the period. Massey Quick & Co. LLC boosted its position in shares of Golub Capital BDC by 2.5% in the first quarter. Massey Quick & Co. LLC now owns 15,275 shares of the investment management company’s stock worth $304,000 after buying an additional 375 shares during the period. Parametric Portfolio Associates LLC boosted its position 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 worth $953,000 after buying an additional 553 shares during the period. Finally, Evercore Wealth Management LLC boosted its position in shares of Golub Capital BDC by 1.4% in the second quarter. Evercore Wealth Management LLC now owns 43,637 shares of the investment management company’s stock worth $834,000 after buying an additional 597 shares during the period. Hedge funds and other institutional investors own 45.35% of the company’s stock.

Shares of Golub Capital BDC (GBDC) opened at 18.97 on Monday. The company has a 50-day moving average of $19.36 and a 200 day moving average of $19.52. Golub Capital BDC has a 12-month low of $17.34 and a 12-month high of $20.50.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date of this dividend is Friday, September 1st. Golub Capital BDC’s dividend payout ratio (DPR) is currently 96.24%.

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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.

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