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.
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