Golub Capital BDC (GBDC) to Release Earnings on Tuesday

Golub Capital BDC (NASDAQ:GBDC) will announce its earnings results after the market closes on Tuesday, November 19th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Golub Capital BDC Stock Performance

Golub Capital BDC stock opened at $15.40 on Friday. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 9.33 and a beta of 0.54. Golub Capital BDC has a 12 month low of $14.05 and a 12 month high of $17.72. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. The stock’s 50-day moving average is $15.15 and its 200-day moving average is $15.47.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GBDC shares. Oppenheimer reiterated an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Wells Fargo & Company upped their price target on shares of Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods dropped their target price on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Insiders Place Their Bets

In other news, Chairman Lawrence E. Golub bought 20,000 shares of Golub Capital BDC stock in a transaction on Monday, August 26th. The shares were bought at an average price of $15.01 per share, with a total value of $300,200.00. Following the acquisition, the chairman now directly owns 1,858,880 shares in the company, valued at approximately $27,901,788.80. This represents a 1.09 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 100,000 shares of company stock worth $1,491,400 in the last three months. 2.70% of the stock is owned by insiders.

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.