Golub Capital BDC, Inc. (GBDC) Expected to Announce Quarterly Sales of $37.04 Million
Equities research analysts predict that Golub Capital BDC, Inc. (NASDAQ:GBDC) will report $37.04 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Golub Capital BDC’s earnings, with the highest sales estimate coming in at $39.18 million and the lowest estimate coming in at $35.56 million. Golub Capital BDC reported sales of $33.85 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.4%. The business is expected to issue its next earnings results on Wednesday, February 14th.
According to Zacks, analysts expect that Golub Capital BDC will report full year sales of $37.04 million for the current year, with estimates ranging from $144.18 million to $164.54 million. For the next fiscal year, analysts forecast that the business will post sales of $0.00 per share. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Golub Capital BDC.
Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, November 20th. The investment management company reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Golub Capital BDC had a net margin of 58.06% and a return on equity of 7.90%. The business had revenue of $34.95 million for the quarter, compared to the consensus estimate of $36.78 million. During the same period last year, the firm earned $0.32 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis.
In other news, Director William M. Iv Webster acquired 5,000 shares of Golub Capital BDC stock in a transaction dated Friday, September 1st. The stock was purchased at an average cost of $18.46 per share, with a total value of $92,300.00. Following the completion of the purchase, the director now directly owns 136,514 shares in the company, valued at approximately $2,520,048.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.40% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new stake in shares of Golub Capital BDC in the third quarter worth $102,000. San Francisco Sentry Investment Group CA purchased a new stake in shares of Golub Capital BDC in the third quarter worth $134,000. Global X MANAGEMENT CO LLC increased its stake in shares of Golub Capital BDC by 48.4% in the third quarter. Global X MANAGEMENT CO LLC now owns 9,981 shares of the investment management company’s stock worth $188,000 after purchasing an additional 3,253 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Golub Capital BDC in the third quarter worth $194,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Golub Capital BDC by 219.3% in the second quarter. JPMorgan Chase & Co. now owns 11,042 shares of the investment management company’s stock worth $210,000 after purchasing an additional 7,584 shares in the last quarter. 40.42% of the stock is owned by hedge funds and other institutional investors.
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Golub Capital BDC (NASDAQ:GBDC) opened at $18.98 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.56 and a quick ratio of 1.87. Golub Capital BDC has a 52-week low of $17.87 and a 52-week high of $20.50. The firm has a market cap of $1,130.78, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 1.47 and a beta of 0.67.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Tuesday, December 12th will be given a $0.32 dividend. The ex-dividend date is Monday, December 11th. This represents a $1.28 annualized dividend and a yield of 6.74%. Golub Capital BDC’s payout ratio is presently 90.78%.
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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