$37.99 Million in Sales Expected for Golub Capital BDC Inc (GBDC) This Quarter
Brokerages expect Golub Capital BDC Inc (NASDAQ:GBDC) to announce sales of $37.99 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Golub Capital BDC’s earnings, with the highest sales estimate coming in at $39.25 million and the lowest estimate coming in at $36.35 million. Golub Capital BDC posted sales of $34.95 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The company is scheduled to report its next earnings results on Monday, November 19th.
According to Zacks, analysts expect that Golub Capital BDC will report full year sales of $149.70 million for the current fiscal year, with estimates ranging from $148.00 million to $150.99 million. For the next financial year, analysts forecast that the business will post sales of $161.89 million per share, with estimates ranging from $156.58 million to $172.09 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Golub Capital BDC.
Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Wednesday, August 8th. The investment management company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Golub Capital BDC had a net margin of 60.34% and a return on equity of 7.92%. The business had revenue of $38.40 million during the quarter, compared to analyst estimates of $36.81 million. During the same period last year, the business posted $0.35 EPS. Golub Capital BDC’s revenue was up 4.1% compared to the same quarter last year.
Golub Capital BDC stock traded down $0.18 during midday trading on Wednesday, reaching $18.64. The company’s stock had a trading volume of 112,170 shares, compared to its average volume of 160,180. Golub Capital BDC has a fifty-two week low of $17.35 and a fifty-two week high of $19.47. The company has a market cap of $1.12 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 7.36 and a beta of 0.60. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.22 and a current ratio of 2.22.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date is Thursday, September 6th. Golub Capital BDC’s dividend payout ratio is currently 102.40%.
Several hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp increased its position in shares of Golub Capital BDC by 0.7% in the first quarter. Van ECK Associates Corp now owns 440,697 shares of the investment management company’s stock valued at $7,884,000 after buying an additional 2,886 shares in the last quarter. Sei Investments Co. increased its position in Golub Capital BDC by 62.2% during the 2nd quarter. Sei Investments Co. now owns 8,146 shares of the investment management company’s stock worth $149,000 after purchasing an additional 3,123 shares in the last quarter. TCW Group Inc. increased its position in Golub Capital BDC by 14.5% during the 2nd quarter. TCW Group Inc. now owns 31,500 shares of the investment management company’s stock worth $576,000 after purchasing an additional 4,000 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Golub Capital BDC by 310.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,715 shares of the investment management company’s stock worth $105,000 after purchasing an additional 4,324 shares in the last quarter. Finally, Cliffwater LLC increased its position in Golub Capital BDC by 2.3% during the 2nd quarter. Cliffwater LLC now owns 233,585 shares of the investment management company’s stock worth $4,275,000 after purchasing an additional 5,156 shares in the last quarter. Institutional investors and hedge funds own 36.95% of the company’s stock.
Golub Capital BDC Company Profile
Golub Capital BDC, Inc 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. The company seeks to invest in the United States.
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