Golub Capital BDC (NASDAQ:GBDC) Announces Quarterly Earnings Results

Golub Capital BDC (NASDAQ:GBDC) posted its quarterly earnings data on Tuesday. The investment management company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39, Zacks reports. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%.

Golub Capital BDC Stock Performance

Golub Capital BDC stock traded down $0.06 during trading on Tuesday, hitting $13.55. The stock had a trading volume of 2,853,740 shares, compared to its average volume of 1,472,572. The stock’s 50 day moving average is $13.97 and its two-hundred day moving average is $14.55. Golub Capital BDC has a 1 year low of $12.68 and a 1 year high of $16.00. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 9.54 and a beta of 0.47. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.28.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Ausdal Financial Partners Inc. purchased a new stake in Golub Capital BDC in the 2nd quarter worth about $175,000. PharVision Advisers LLC bought a new position in Golub Capital BDC during the third quarter worth about $181,000. Armistice Capital LLC bought a new position in Golub Capital BDC during the third quarter worth about $187,000. Verition Fund Management LLC purchased a new position in shares of Golub Capital BDC in the third quarter worth about $197,000. Finally, Virtu Financial LLC bought a new stake in shares of Golub Capital BDC in the third quarter valued at approximately $217,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research report on Thursday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

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.