Golub Capital BDC (NASDAQ:GBDC) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Golub Capital BDC (NASDAQ:GBDC) issued its quarterly earnings data on Tuesday. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04), Zacks reports. Golub Capital BDC had a return on equity of 11.86% and a net margin of 37.78%.

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock traded down $0.06 during trading hours on Tuesday, hitting $15.67. The company’s stock had a trading volume of 1,190,357 shares, compared to its average volume of 1,287,489. The business has a 50 day moving average price of $15.30 and a two-hundred day moving average price of $15.15. The company has a market cap of $4.14 billion, a PE ratio of 11.11 and a beta of 0.54. Golub Capital BDC has a 12-month low of $14.05 and a 12-month high of $17.72. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 9th were paid a $0.39 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a yield of 9.96%. Golub Capital BDC’s payout ratio is presently 110.64%.

Analyst Ratings Changes

Several research firms have weighed in on GBDC. Wells Fargo & Company decreased their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Golub Capital BDC has an average rating of “Moderate Buy” and a consensus price target of $16.38.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.