Golub Capital BDC, Inc. (GBDC) Expected to Post Quarterly Sales of $34.84 Million
Brokerages expect Golub Capital BDC, Inc. (NASDAQ:GBDC) to report sales of $34.84 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Golub Capital BDC’s earnings. The lowest sales estimate is $34.40 million and the highest is $35.29 million. Golub Capital BDC posted sales of $34.50 million during the same quarter last year, which would indicate a positive year over year growth rate of 1%. The business is scheduled to issue its next earnings report 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 year, analysts anticipate that the firm will report sales of $154.06 million per share, with estimates ranging from $144.18 million to $165.00 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Golub Capital BDC.
Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 7th. 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. The business had revenue of $35.40 million for the quarter, compared to analysts’ expectations 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 revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 EPS.
Several analysts have recently commented on GBDC shares. National Securities reaffirmed a “neutral” rating and issued a $19.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 9th. BidaskClub downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.50 price objective on shares of Golub Capital BDC in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Golub Capital BDC presently has a consensus rating of “Hold” and a consensus target price of $19.60.
Golub Capital BDC (NASDAQ:GBDC) opened at 18.26 on Friday. The stock’s 50 day moving average is $19.11 and its 200 day moving average is $19.51. Golub Capital BDC has a 52 week low of $17.34 and a 52 week high of $20.50.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors 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 7.01%. The ex-dividend date of this dividend is Friday, September 1st. Golub Capital BDC’s dividend payout ratio (DPR) is presently 96.24%.
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In other news, Director William M. Iv Webster purchased 5,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were purchased at an average cost of $18.46 per share, with a total value of $92,300.00. Following the completion of the acquisition, the director now owns 136,514 shares of the company’s stock, valued at approximately $2,520,048.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd purchased a new stake in Golub Capital BDC during the second quarter worth $449,000. Shelton Capital Management boosted its holdings in Golub Capital BDC by 71.4% during the second quarter. Shelton Capital Management now owns 60,000 shares of the investment management company’s stock worth $1,147,000 after buying an additional 25,000 shares in the last quarter. Williams Jones & Associates LLC boosted its holdings in Golub Capital BDC by 62.0% during the second quarter. Williams Jones & Associates LLC now owns 40,500 shares of the investment management company’s stock worth $774,000 after buying an additional 15,500 shares in the last quarter. Royal Bank of Canada boosted its holdings in Golub Capital BDC by 24.5% during the second quarter. Royal Bank of Canada now owns 46,950 shares of the investment management company’s stock worth $898,000 after buying an additional 9,241 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Golub Capital BDC by 4.4% during the second quarter. Goldman Sachs Group Inc. now owns 687,682 shares of the investment management company’s stock worth $13,149,000 after buying an additional 28,692 shares in the last quarter. 41.62% of the stock is currently owned by hedge funds and other institutional investors.
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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