Golub Capital BDC (NASDAQ:GBDC) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Golub Capital BDC (NASDAQ:GBDC) announced its quarterly earnings results on Monday. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02), Zacks reports. Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. The business had revenue of $211.10 million for the quarter, compared to analyst estimates of $223.89 million. During the same period last year, the firm earned $0.55 earnings per share.

Golub Capital BDC Stock Performance

Shares of NASDAQ:GBDC traded up $0.07 during trading on Tuesday, hitting $14.20. 429,107 shares of the company traded hands, compared to its average volume of 1,559,383. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 10.29 and a beta of 0.55. Golub Capital BDC has a one year low of $12.68 and a one year high of $17.12. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The business’s fifty day moving average is $14.54 and its 200-day moving average is $15.09.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. StockNews.com downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. Finally, Wells Fargo & Company dropped their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.50.

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.