$0.32 EPS Expected for Golub Capital BDC, Inc. (GBDC) This Quarter
Equities analysts expect Golub Capital BDC, Inc. (NASDAQ:GBDC) to post $0.32 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Golub Capital BDC’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.33. Golub Capital BDC also posted earnings of $0.32 per share during the same quarter last year. The company is scheduled to report its next earnings report after the market closes on Monday, November 20th.
According to Zacks, analysts expect that Golub Capital BDC will report full-year earnings of $1.25 per share for the current financial year, with EPS estimates ranging from $1.23 to $1.28. For the next financial year, analysts anticipate that the business will post earnings of $1.29 per share, with EPS estimates ranging from $1.28 to $1.31. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Golub Capital BDC.
Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, August 7th. The investment management company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. Golub Capital BDC had a net margin of 53.62% and a return on equity of 7.86%. The business had revenue of $35.40 million during the quarter, compared to analysts’ expectations of $35.11 million. During the same quarter in the prior year, the company earned $0.35 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis.
Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Tuesday, October 3rd. BidaskClub lowered shares of Golub Capital BDC from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Keefe, Bruyette & Woods set a $20.00 target price on shares of Golub Capital BDC and gave the company a “hold” rating in a report on Friday, October 6th. Finally, National Securities restated a “neutral” rating and issued a $19.00 target price on shares of Golub Capital BDC in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.88.
In other news, Director William M. Iv Webster bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were acquired at an average price of $18.46 per share, for a total transaction of $92,300.00. Following the completion of the acquisition, the director now directly owns 136,514 shares in the company, valued at $2,520,048.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cullen Frost Bankers Inc. bought a new stake in Golub Capital BDC in the third quarter valued at $194,000. Nine Chapters Capital Management LLC bought a new stake in Golub Capital BDC in the third quarter valued at $337,000. Sumitomo Mitsui Asset Management Company LTD increased its stake in Golub Capital BDC by 34.7% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 305,734 shares of the investment management company’s stock valued at $5,753,000 after purchasing an additional 78,720 shares in the last quarter. Lyell Wealth Management LP increased its stake in Golub Capital BDC by 3.4% in the third quarter. Lyell Wealth Management LP now owns 287,828 shares of the investment management company’s stock valued at $5,417,000 after purchasing an additional 9,560 shares in the last quarter. Finally, Nationwide Fund Advisors bought a new stake in Golub Capital BDC in the third quarter valued at $225,000. 41.78% of the stock is owned by hedge funds and other institutional investors.
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About Golub Capital BDC
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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