S&P 500   3,291.56 (-2.92%)
DOW   26,652.16 (-2.95%)
QQQ   273.84 (-3.12%)
AAPL   112.99 (-3.10%)
MSFT   204.98 (-3.88%)
FB   270.93 (-4.36%)
GOOGL   1,525.45 (-4.59%)
AMZN   3,188.63 (-2.97%)
TSLA   411.00 (-3.22%)
NVDA   514.75 (-3.94%)
BABA   308.06 (-2.86%)
CGC   18.67 (+0.05%)
GE   7.72 (+8.73%)
MU   50.11 (-3.56%)
AMD   76.69 (-2.78%)
T   26.62 (-1.11%)
F   7.71 (-2.65%)
ACB   3.94 (-1.50%)
GILD   58.57 (-2.40%)
NFLX   487.06 (-0.38%)
NIO   27.28 (-4.08%)
BA   150.30 (-3.18%)
DIS   119.71 (-2.92%)
S&P 500   3,291.56 (-2.92%)
DOW   26,652.16 (-2.95%)
QQQ   273.84 (-3.12%)
AAPL   112.99 (-3.10%)
MSFT   204.98 (-3.88%)
FB   270.93 (-4.36%)
GOOGL   1,525.45 (-4.59%)
AMZN   3,188.63 (-2.97%)
TSLA   411.00 (-3.22%)
NVDA   514.75 (-3.94%)
BABA   308.06 (-2.86%)
CGC   18.67 (+0.05%)
GE   7.72 (+8.73%)
MU   50.11 (-3.56%)
AMD   76.69 (-2.78%)
T   26.62 (-1.11%)
F   7.71 (-2.65%)
ACB   3.94 (-1.50%)
GILD   58.57 (-2.40%)
NFLX   487.06 (-0.38%)
NIO   27.28 (-4.08%)
BA   150.30 (-3.18%)
DIS   119.71 (-2.92%)
S&P 500   3,291.56 (-2.92%)
DOW   26,652.16 (-2.95%)
QQQ   273.84 (-3.12%)
AAPL   112.99 (-3.10%)
MSFT   204.98 (-3.88%)
FB   270.93 (-4.36%)
GOOGL   1,525.45 (-4.59%)
AMZN   3,188.63 (-2.97%)
TSLA   411.00 (-3.22%)
NVDA   514.75 (-3.94%)
BABA   308.06 (-2.86%)
CGC   18.67 (+0.05%)
GE   7.72 (+8.73%)
MU   50.11 (-3.56%)
AMD   76.69 (-2.78%)
T   26.62 (-1.11%)
F   7.71 (-2.65%)
ACB   3.94 (-1.50%)
GILD   58.57 (-2.40%)
NFLX   487.06 (-0.38%)
NIO   27.28 (-4.08%)
BA   150.30 (-3.18%)
DIS   119.71 (-2.92%)
S&P 500   3,291.56 (-2.92%)
DOW   26,652.16 (-2.95%)
QQQ   273.84 (-3.12%)
AAPL   112.99 (-3.10%)
MSFT   204.98 (-3.88%)
FB   270.93 (-4.36%)
GOOGL   1,525.45 (-4.59%)
AMZN   3,188.63 (-2.97%)
TSLA   411.00 (-3.22%)
NVDA   514.75 (-3.94%)
BABA   308.06 (-2.86%)
CGC   18.67 (+0.05%)
GE   7.72 (+8.73%)
MU   50.11 (-3.56%)
AMD   76.69 (-2.78%)
T   26.62 (-1.11%)
F   7.71 (-2.65%)
ACB   3.94 (-1.50%)
GILD   58.57 (-2.40%)
NFLX   487.06 (-0.38%)
NIO   27.28 (-4.08%)
BA   150.30 (-3.18%)
DIS   119.71 (-2.92%)
Log in

Golub Capital BDC Inc (NASDAQ:GBDC) Expected to Announce Quarterly Sales of $79.05 Million

Last updated on Monday, October 19, 2020 | 2020 MarketBeat

Equities research analysts expect that Golub Capital BDC Inc (NASDAQ:GBDC) will report $79.05 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Golub Capital BDC's earnings, with estimates ranging from $74.42 million to $83.69 million. Golub Capital BDC posted sales of $48.98 million in the same quarter last year, which would indicate a positive year over year growth rate of 61.4%. The business is scheduled to report its next earnings results on Monday, November 23rd.

On average, analysts expect that Golub Capital BDC will report full year sales of $305.99 million for the current year, with estimates ranging from $301.36 million to $310.63 million. For the next financial year, analysts expect that the business will post sales of $320.46 million, with estimates ranging from $305.86 million to $335.05 million. Zacks' sales averages are an average based on a survey of research analysts that that provide coverage for Golub Capital BDC.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Monday, August 10th. The investment management company reported $0.28 EPS for the quarter, hitting analysts' consensus estimates of $0.28. Golub Capital BDC had a negative net margin of 41.24% and a positive return on equity of 7.16%. The business had revenue of $73.21 million for the quarter, compared to analyst estimates of $71.14 million.

Several equities research analysts have issued reports on GBDC shares. TheStreet upgraded shares of Golub Capital BDC from a "d+" rating to a "c-" rating in a research note on Friday, August 21st. BidaskClub lowered shares of Golub Capital BDC from a "buy" rating to a "hold" rating in a research note on Thursday, September 24th. Zacks Investment Research lowered shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research note on Friday, July 17th. Finally, Raymond James reiterated a "hold" rating on shares of Golub Capital BDC in a research note on Wednesday, September 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of "Hold" and a consensus price target of $12.50.

Shares of NASDAQ:GBDC opened at $13.46 on Monday. Golub Capital BDC has a 12 month low of $9.08 and a 12 month high of $18.61. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.85. The company's fifty day simple moving average is $13.29 and its 200 day simple moving average is $12.05. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -9.28 and a beta of 0.63.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 8th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date was Friday, September 4th. Golub Capital BDC's dividend payout ratio is currently 91.34%.

In other news, Chairman Lawrence E. Golub purchased 4,000 shares of the business's stock in a transaction dated Wednesday, October 14th. The stock was bought at an average price of $13.61 per share, with a total value of $54,440.00. Also, Chairman Lawrence E. Golub purchased 87,200 shares of the business's stock in a transaction dated Friday, August 21st. The shares were purchased at an average cost of $12.72 per share, with a total value of $1,109,184.00. The disclosure for this purchase can be found here. Insiders acquired a total of 723,151 shares of company stock valued at $9,217,023 in the last three months. Insiders own 4.80% of the company's stock.

Several institutional investors have recently modified their holdings of GBDC. Raymond James Financial Services Advisors Inc. increased its position in Golub Capital BDC by 6.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,288 shares of the investment management company's stock valued at $155,000 after purchasing an additional 863 shares during the period. Stifel Financial Corp boosted its stake in Golub Capital BDC by 2.2% in the 2nd quarter. Stifel Financial Corp now owns 42,306 shares of the investment management company's stock worth $493,000 after purchasing an additional 895 shares in the last quarter. RDA Financial Network boosted its stake in Golub Capital BDC by 4.4% in the 2nd quarter. RDA Financial Network now owns 25,368 shares of the investment management company's stock worth $296,000 after purchasing an additional 1,062 shares in the last quarter. Delphi Financial Group Inc. boosted its stake in Golub Capital BDC by 2.6% in the 2nd quarter. Delphi Financial Group Inc. now owns 57,349 shares of the investment management company's stock worth $668,000 after purchasing an additional 1,478 shares in the last quarter. Finally, Nachman Norwood & Parrott Inc bought a new position in Golub Capital BDC in the 3rd quarter worth about $26,000. 39.87% of the stock is owned by institutional investors.

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.

Read More: What is the Consumer Price Index (CPI)?

Get a free copy of the Zacks research report on Golub Capital BDC (GBDC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

10 Rock-Solid Dividend Paying Stocks to Own

Historically low interest rates have made it difficult over the last decade for income-oriented investors that want to generate safe cash flow for their retirements.

Dividend-paying stocks have become more appealing to income investors because of their competitive yields, the favorite tax treatment that dividends receive and their ability to grow their payouts over time. While fixed interest rates from bond investments will lose purchasing power to inflation over time, the purchasing power of income from dividend growth stocks is more protected because companies tend raise their dividend payments every year.

In this slideshow, we look at ten of the best high-dividend stocks that offer strong yields (above 3.5%), have consistent cashflow and a strong track record of dividend growth. The companies in this slideshow have all raised their dividend every year for the last ten years.

These companies also have low payout ratios (below 75%), meaning that they will have the ability to continue to pay their dividend if their earnings have a temporary dip.

Stock prices will always fluctuate, but the dividends paid by these rock-solid dividend payers should remain secure with moderate earnings growth.

View the "10 Rock-Solid Dividend Paying Stocks to Own".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.