Golub Capital BDC (NASDAQ:GBDC) Releases Earnings Results, Misses Estimates By $0.11 EPS

Golub Capital BDC (NASDAQ:GBDC) issued its earnings results on Monday. The investment management company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.11), FiscalAI reports. Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.

Golub Capital BDC Price Performance

NASDAQ:GBDC traded up $0.36 during trading hours on Monday, reaching $13.19. The stock had a trading volume of 1,439,435 shares, compared to its average volume of 1,933,656. The stock has a market capitalization of $3.44 billion, a PE ratio of 17.13 and a beta of 0.39. Golub Capital BDC has a 52 week low of $11.77 and a 52 week high of $14.93. The company has a 50 day moving average price of $12.88 and a two-hundred day moving average price of $12.88. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.20 and a current ratio of 2.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in Golub Capital BDC by 53.7% during the fourth quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company’s stock valued at $53,158,000 after purchasing an additional 1,368,759 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Golub Capital BDC by 5.7% in the 3rd quarter. Bank of America Corp DE now owns 3,829,788 shares of the investment management company’s stock worth $52,430,000 after buying an additional 207,998 shares in the last quarter. Ares Management LLC grew its stake in shares of Golub Capital BDC by 6.4% in the 4th quarter. Ares Management LLC now owns 2,736,210 shares of the investment management company’s stock worth $37,130,000 after buying an additional 165,000 shares in the last quarter. Rivernorth Capital Management LLC increased its holdings in shares of Golub Capital BDC by 226.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 1,714,828 shares of the investment management company’s stock worth $23,270,000 after buying an additional 1,189,706 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Golub Capital BDC by 13.7% in the 4th quarter. Bank of Montreal Can now owns 1,056,492 shares of the investment management company’s stock worth $14,337,000 after buying an additional 127,365 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GBDC has been the subject of several research analyst reports. Oppenheimer reiterated an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Royal Bank Of Canada reduced their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Wall Street Zen lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Finally, Zacks Research raised shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $14.00.

About Golub Capital BDC

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.