Golub Capital BDC, Inc. Sees Preliminary Fiscal Year 2024 Q1 Adj. EPS $0.43-$0.47
Portfolio Pulse from Benzinga Newsdesk
Golub Capital BDC, Inc. (GBDC) announced preliminary financial results for Q1 of fiscal year 2024, with adjusted EPS of $0.43 compared to $0.47 in the previous quarter. The company reported net investment income per share between $0.48 and $0.50 and adjusted net investment income per share between $0.49 and $0.51. Net realized/unrealized loss per share was between $(0.05) and $(0.03). The estimated net asset value per share is between $15.01 and $15.05 as of December 31, 2023. GBDC originated $58.6 million in new middle-market investment commitments, with total investments at fair value decreasing by approximately $72.9 million. The GAAP debt-to-equity ratio decreased to 1.21x, and the effective GAAP debt-to-equity ratio to 1.18x. Non-accrual investments remained at nine, representing about 1.1% of total investments at fair value. GBDC's board declared a quarterly distribution of $0.39 per share, payable on March 29, 2024.
January 17, 2024 | 1:57 pm
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Golub Capital BDC, Inc. reported a decrease in adjusted EPS from $0.47 to $0.43 QoQ, with a stable net asset value per share and a new quarterly distribution of $0.39 per share.
The slight decrease in adjusted EPS may concern investors, but the stable net asset value and increased quarterly distribution could offset negative sentiment. The impact on the stock price is likely to be neutral in the short term as investors digest both the positive and negative aspects of the report.
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