Brokerages Expect Golub Capital BDC, Inc. (GBDC) Will Announce Quarterly Sales of $35.98 Million
Equities analysts expect Golub Capital BDC, Inc. (NASDAQ:GBDC) to report $35.98 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Golub Capital BDC’s earnings. The lowest sales estimate is $34.40 million and the highest is $38.25 million. Golub Capital BDC reported sales of $34.50 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The company is expected 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 sales of $35.98 million for the current year, with estimates ranging from $137.00 million to $141.06 million. For the next fiscal year, analysts forecast that the business will report sales of $153.91 million per share, with estimates ranging from $144.18 million to $164.54 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. Golub Capital BDC had a return on equity of 7.86% and a net margin of 53.62%. The company had revenue of $35.40 million for the quarter, compared to analyst estimates of $35.11 million. During the same quarter last year, the company posted $0.35 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Golub Capital BDC from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, October 3rd. BidaskClub lowered Golub Capital BDC from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Keefe, Bruyette & Woods set a $20.00 price objective on Golub Capital BDC and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, National Securities restated a “neutral” rating and set a $19.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Golub Capital BDC currently has a consensus rating of “Hold” and a consensus target price of $19.88.
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In related news, Director William M. Iv Webster purchased 5,000 shares of Golub Capital BDC stock in a transaction on Friday, September 1st. The shares were purchased at an average price of $18.46 per share, for a total transaction of $92,300.00. Following the transaction, the director now owns 136,514 shares of the company’s stock, valued at approximately $2,520,048.44. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.
Several large investors have recently made changes to their positions in GBDC. Global X MANAGEMENT CO LLC lifted its stake in shares of Golub Capital BDC by 48.4% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,981 shares of the investment management company’s stock valued at $188,000 after purchasing an additional 3,253 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Golub Capital BDC in the 3rd quarter valued at about $194,000. JPMorgan Chase & Co. lifted its stake in shares of Golub Capital BDC by 219.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,042 shares of the investment management company’s stock valued at $210,000 after purchasing an additional 7,584 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Golub Capital BDC by 2.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 11,395 shares of the investment management company’s stock valued at $218,000 after purchasing an additional 298 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Golub Capital BDC by 1.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 48,591 shares of the investment management company’s stock valued at $220,000 after purchasing an additional 631 shares during the period. 41.78% of the stock is currently owned by institutional investors.
Shares of Golub Capital BDC (NASDAQ GBDC) traded up $0.28 during mid-day trading on Friday, reaching $19.00. The company had a trading volume of 140,218 shares, compared to its average volume of 232,693. The company has a market cap of $1,129.65, a price-to-earnings ratio of 14.50, a P/E/G ratio of 1.47 and a beta of 0.67. Golub Capital BDC has a twelve month low of $17.50 and a twelve month high of $20.50. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.87 and a quick ratio of 1.87.
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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