Zacks: Analysts Expect Golub Capital BDC Inc (GBDC) to Post $0.32 EPS

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Equities research analysts expect Golub Capital BDC Inc (NASDAQ:GBDC) to report earnings of $0.32 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Golub Capital BDC’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.32. Golub Capital BDC also posted earnings per share of $0.32 during the same quarter last year. The company is scheduled to issue its next quarterly earnings report on Monday, May 6th.

According to Zacks, analysts expect that Golub Capital BDC will report full year earnings of $1.30 per share for the current financial year, with EPS estimates ranging from $1.27 to $1.31. For the next year, analysts anticipate that the firm will report earnings of $1.30 per share, with EPS estimates ranging from $1.28 to $1.33. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Golub Capital BDC.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Wednesday, February 6th. The investment management company reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The company had revenue of $39.41 million for the quarter, compared to analyst estimates of $39.39 million. Golub Capital BDC had a net margin of 50.99% and a return on equity of 8.03%. During the same period last year, the business posted $0.32 earnings per share.

Several equities research analysts have weighed in on GBDC shares. National Securities reiterated a “buy” rating and issued a $22.00 target price on shares of Golub Capital BDC in a report on Monday. 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 Monday, December 3rd. Finally, BidaskClub upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating in a report on Friday, November 23rd.

Several hedge funds have recently modified their holdings of GBDC. MRA Associates USA LLC bought a new stake in shares of Golub Capital BDC during the fourth quarter worth $40,429,000. Biltmore Family Office LLC bought a new stake in shares of Golub Capital BDC during the third quarter worth $4,183,000. Frontier Investment Mgmt Co. increased its position in shares of Golub Capital BDC by 20.4% during the third quarter. Frontier Investment Mgmt Co. now owns 1,049,506 shares of the investment management company’s stock worth $19,678,000 after acquiring an additional 178,075 shares in the last quarter. Cliffwater LLC increased its position in shares of Golub Capital BDC by 43.0% during the fourth quarter. Cliffwater LLC now owns 572,818 shares of the investment management company’s stock worth $9,446,000 after acquiring an additional 172,162 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Golub Capital BDC during the second quarter worth $3,132,000. 40.01% of the stock is owned by institutional investors.

GBDC traded up $0.09 during mid-day trading on Friday, hitting $18.07. The stock had a trading volume of 6,793 shares, compared to its average volume of 248,246. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $1.09 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 6.94 and a beta of 0.66. Golub Capital BDC has a 1-year low of $16.21 and a 1-year high of $19.89.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 7.08%. The ex-dividend date is Wednesday, March 6th. Golub Capital BDC’s dividend payout ratio is 99.22%.

About Golub Capital BDC

Golub Capital BDC, Inc 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. The company seeks to invest in the United States.

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