Golub Capital BDC Inc (NASDAQ:GBDC) Expected to Announce Quarterly Sales of $89.25 Million

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Analysts forecast that Golub Capital BDC Inc (NASDAQ:GBDC) will announce $89.25 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Golub Capital BDC’s earnings, with the lowest sales estimate coming in at $80.35 million and the highest estimate coming in at $98.15 million. Golub Capital BDC posted sales of $41.81 million in the same quarter last year, which suggests a positive year over year growth rate of 113.5%. The firm is scheduled to announce its next earnings results on Wednesday, May 13th.

According to Zacks, analysts expect that Golub Capital BDC will report full year sales of $347.79 million for the current fiscal year, with estimates ranging from $322.52 million to $373.06 million. For the next financial year, analysts expect that the business will report sales of $361.28 million, with estimates ranging from $329.99 million to $392.58 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Golub Capital BDC.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, February 10th. The investment management company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). The company had revenue of $78.61 million during the quarter, compared to the consensus estimate of $87.55 million. Golub Capital BDC had a net margin of 4.74% and a return on equity of 6.07%. During the same quarter in the prior year, the company earned $0.32 EPS.

A number of brokerages have weighed in on GBDC. Wells Fargo & Co cut their price target on shares of Golub Capital BDC from $19.50 to $12.00 and set an “overweight” rating for the company in a report on Wednesday. BidaskClub raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Wednesday, March 18th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $16.00.

In other Golub Capital BDC news, major shareholder Ohio Strs purchased 403,046 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was bought at an average cost of $17.60 per share, with a total value of $7,093,609.60. Following the acquisition, the insider now owns 15,870,054 shares of the company’s stock, valued at $279,312,950.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anita R. Rosenberg purchased 18,500 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average cost of $15.67 per share, with a total value of $289,895.00. The disclosure for this purchase can be found here. 4.80% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Willingdon Wealth Management purchased a new stake in Golub Capital BDC during the fourth quarter valued at about $55,000. Tower Research Capital LLC TRC purchased a new stake in Golub Capital BDC during the fourth quarter valued at about $152,000. Sei Investments Co. purchased a new stake in Golub Capital BDC during the fourth quarter valued at about $192,000. Parallel Advisors LLC lifted its stake in Golub Capital BDC by 273.3% during the fourth quarter. Parallel Advisors LLC now owns 11,046 shares of the investment management company’s stock valued at $204,000 after buying an additional 8,087 shares in the last quarter. Finally, Independent Advisor Alliance purchased a new stake in Golub Capital BDC during the fourth quarter valued at about $215,000. 41.66% of the stock is owned by institutional investors.

Shares of GBDC opened at $12.67 on Friday. The firm has a 50-day moving average price of $16.27 and a 200 day moving average price of $17.74. The firm has a market capitalization of $1.73 billion, a PE ratio of -211.17 and a beta of 0.64. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.01. Golub Capital BDC has a 52-week low of $9.75 and a 52-week high of $19.14.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 10.42%. This is an increase from Golub Capital BDC’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, March 5th. Golub Capital BDC’s dividend payout ratio is presently 103.94%.

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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