Golub Capital BDC, Inc. (NASDAQ:GBDC) declared a quarterly dividend on Tuesday, November 21st, Wall Street Journal reports. Shareholders of record on Tuesday, December 12th will be given a dividend of 0.32 per share by the investment management company on Thursday, December 28th. This represents a $1.28 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date of this dividend is Monday, December 11th.
Golub Capital BDC (NASDAQ GBDC) traded down $0.17 during mid-day trading on Tuesday, reaching $18.84. The company’s stock had a trading volume of 250,202 shares, compared to its average volume of 214,594. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.87 and a current ratio of 1.87. The company has a market capitalization of $1,130.00, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 1.47 and a beta of 0.67. Golub Capital BDC has a 12-month low of $17.87 and a 12-month high of $20.50.
Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, November 20th. The investment management company reported $0.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.32. The firm had revenue of $34.95 million during the quarter, compared to the consensus estimate of $36.78 million. Golub Capital BDC had a return on equity of 7.86% and a net margin of 53.62%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share. equities analysts forecast that Golub Capital BDC will post 1.25 EPS for the current fiscal year.
In other Golub Capital BDC news, Director William M. Iv Webster acquired 5,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was bought at an average cost of $18.46 per share, with a total value of $92,300.00. Following the completion of the transaction, the director now directly owns 136,514 shares in the company, valued at approximately $2,520,048.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.
An institutional investor recently raised its position in Golub Capital BDC stock. Northern Trust Corp grew its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 41.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,214 shares of the investment management company’s stock after buying an additional 8,841 shares during the period. Northern Trust Corp’s holdings in Golub Capital BDC were worth $578,000 at the end of the most recent quarter. Institutional investors and hedge funds own 40.42% of the company’s stock.
A number of research firms have recently issued reports on GBDC. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, October 3rd. BidaskClub cut Golub Capital BDC from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Keefe, Bruyette & Woods set a $20.00 price objective on Golub Capital BDC and gave the company a “hold” rating in a research report on Friday, October 6th. Finally, National Securities reaffirmed a “neutral” rating and issued a $19.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Golub Capital BDC presently has an average rating of “Hold” and an average target price of $19.88.
Golub Capital BDC Company Profile
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
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