Golub Capital BDC (NASDAQ:GBDC) Issues Q2 Earnings Guidance

Golub Capital BDC (NASDAQ:GBDC) issued an update on its second quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.50-$0.52 for the period, compared to the consensus EPS estimate of $0.51.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $16.80 on Monday. The firm has a 50-day moving average of $16.10 and a 200-day moving average of $15.35. The company has a market cap of $2.88 billion, a P/E ratio of 9.23 and a beta of 0.57. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.15 and a quick ratio of 3.15. Golub Capital BDC has a one year low of $12.77 and a one year high of $16.83.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, February 5th. The investment management company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $164.77 million during the quarter, compared to analysts’ expectations of $160.93 million. Golub Capital BDC had a net margin of 48.94% and a return on equity of 12.53%. Equities research analysts forecast that Golub Capital BDC will post 1.95 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a Variable dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 15th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, February 14th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 85.71%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Golub Capital BDC from $15.00 to $15.50 and gave the stock an equal weight rating in a report on Monday, January 29th. StockNews.com downgraded shares of Golub Capital BDC from a buy rating to a hold rating in a report on Friday, March 29th. Raymond James raised their price objective on shares of Golub Capital BDC from $16.00 to $16.50 and gave the stock an outperform rating in a report on Tuesday, January 23rd. Finally, Bank of America upgraded shares of Golub Capital BDC from a neutral rating to a buy rating and set a $17.00 target price for the company in a research note on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $16.40.

Hedge Funds Weigh In On Golub Capital BDC

Large investors have recently modified their holdings of the company. First Republic Investment Management Inc. boosted its position in shares of Golub Capital BDC by 14.4% in the first quarter. First Republic Investment Management Inc. now owns 140,196 shares of the investment management company’s stock valued at $2,132,000 after acquiring an additional 17,610 shares during the period. Guggenheim Capital LLC boosted its position in shares of Golub Capital BDC by 9.2% in the first quarter. Guggenheim Capital LLC now owns 19,646 shares of the investment management company’s stock valued at $299,000 after acquiring an additional 1,661 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Golub Capital BDC by 1.3% in the first quarter. Geneos Wealth Management Inc. now owns 73,288 shares of the investment management company’s stock valued at $1,114,000 after acquiring an additional 933 shares during the period. Goldman Sachs Group Inc. bought a new stake in Golub Capital BDC during the first quarter valued at approximately $229,000. Finally, Vident Investment Advisory LLC bought a new stake in Golub Capital BDC during the first quarter valued at approximately $876,000. 42.38% of the stock is currently owned by institutional investors.

About Golub Capital BDC

Golub Capital BDC, Inc (GBDC) 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.