Golub Capital BDC (NASDAQ:GBDC) Posts Earnings Results

Key Points

• Golub Capital BDC reported quarterly EPS of $0.22, falling short of analysts’ consensus estimate of $0.33 by $0.11. The company posted a 24.64% net margin and 10.20% return on equity.
• GBDC shares rose $0.36 to $13.19 during Monday trading, giving the company a market capitalization of approximately $3.44 billion. The stock has traded between $11.77 and $14.93 over the past 12 months.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $14.00, although ratings range from Strong Buy to Sell. Institutional investors and hedge funds own 42.38% of the shares.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) announced its earnings results on Monday. The investment management company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.11), FiscalAI reports. Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%.

Golub Capital BDC Stock Performance

GBDC traded up $0.36 during trading hours on Monday, hitting $13.19. 1,439,435 shares of the stock were exchanged, compared to its average volume of 1,933,656. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 17.13 and a beta of 0.39. The stock has a 50-day simple moving average of $12.88 and a 200-day simple moving average of $12.88. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20. Golub Capital BDC has a 12 month low of $11.77 and a 12 month high of $14.93.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GBDC shares. Weiss Ratings restated a "hold (c)" rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. Royal Bank Of Canada decreased their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Thursday, May 7th. Zacks Research raised shares of Golub Capital BDC from a "strong sell" rating to a "hold" rating in a research report on Monday, July 6th. Oppenheimer restated an "outperform" rating and issued a $14.00 target price on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research report on Sunday, April 19th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Golub Capital BDC presently has a consensus rating of "Moderate Buy" and an average target price of $14.00.

Institutional Trading of Golub Capital BDC

A number of institutional investors and hedge funds have recently modified their holdings of GBDC. Advisory Services Network LLC acquired a new position in shares of Golub Capital BDC in the 3rd quarter valued at about $77,000. Northwestern Mutual Wealth Management Co. raised its stake in Golub Capital BDC by 104.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company's stock worth $87,000 after acquiring an additional 3,287 shares during the period. Barclays PLC bought a new position in Golub Capital BDC in the fourth quarter worth about $120,000. Sepio Capital LP bought a new position in Golub Capital BDC in the fourth quarter worth about $136,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in Golub Capital BDC by 15.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 12,017 shares of the investment management company's stock valued at $163,000 after acquiring an additional 1,628 shares during the period. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Company Profile

Golub Capital BDC NASDAQ: GBDC is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company's core business activities center on originating and managing bespoke financing arrangements for U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.