Golub Capital BDC
GBDC
Market cap $4.05B

15.20 USD

+0.11

0.73%

At close Jul 11, 4:00 PM EDT

After hours

15.20

+0.00

0.00%

1 day

0.73%

5 days

2.70%

1 month

-0.13%

3 months

11.11%

6 months

1.13%

Year to date

-0.46%

1 year

-5.00%

5 years

32.52%

10 years

-5.30%

About: Golub Capital BDC Inc is an externally managed, closed-end, non-diversified management investment company. Its investment objective is to generate current income and capital appreciation by investing in senior secured and one-stop loans in United States middle-market companies. It also invests in the second lien and subordinated loans, warrants, and minority equity securities in United States middle-market companies. The company generally invests in securities that have been rated below investment grade by independent rating agencies or that would be rated below investment grade if rated. Maximum investment is done in USA and Canadian Companies, with maximum profit earned from those countries.

Financials Asset Management

0

Funds holding %

of 7,312 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

118% more call options, than puts

Call options by funds: $1.73M | Put options by funds: $794K

90% more repeat investments, than reductions

Existing positions increased: 148 | Existing positions reduced: 78

48% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 33

18% more funds holding in top 10

Funds holding in top 10: 11 [Q4 2024] → 13 (+2) [Q1 2025]

7% more capital invested

Capital invested by funds: $1.58B [Q4 2024] → $1.69B (+$111M) [Q1 2025]

3% more funds holding

Funds holding: 319 [Q4 2024] → 328 (+9) [Q1 2025]

2.65% more ownership

Funds ownership: 39.04% [Q4 2024] → 41.69% (+2.65%) [Q1 2025]

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$14

8%

downside

Avg. target

$14.75

3%

downside

High target

$15.50

2%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

B of A Securities Derek Hewett	2%upside $15.50	Buy Maintained	12 May 2025
Wells Fargo Finian O'Shea	8%downside $14	Equal-Weight Maintained	28 Apr 2025

See Analyst Rankings

Financial journalist opinion

Based on 8 articles about GBDC published over the past 30 days

Golub Capital BDC, Inc. Schedules Release of Fiscal Year 2025 Third Quarter Results

NEW YORK--(BUSINESS WIRE)--Golub Capital BDC, Inc., a business development company (NASDAQ: GBDC, www.golubcapitalbdc.com), announced today that it will report its financial results for the quarter ended June 30, 2025 on Monday, August 4, 2025 after the close of the financial markets. Golub Capital BDC, Inc. will host an earnings conference call at 10:30 a.m. (Eastern Time) on Tuesday, August 5, 2025 to discuss its quarterly financial results. All interested parties may participate in the confe.

Golub Capital BDC, Inc. Schedules Release of Fiscal Year 2025 Third Quarter Results

Where Fat Yields Meet Lower Risk

Many investors go for big yield with bigger risk. Barf. This report was recently sent to our members. We picked up shares with a 9.5% yield.

Where Fat Yields Meet Lower Risk

Jerome Powell Just Gave A Huge Gift To BDC Investors

BDCs have been facing an increasingly unfavorable environment recently. However, Jerome Powell just gave a big gift to BDC investors. We discuss what this gift is and how it is impacting our view on the BDC sector.

Jerome Powell Just Gave A Huge Gift To BDC Investors

17 Ideal 'Safer' Dividend Dogs To Buy Out Of 72 June Graham Value All-Stars

I use YCharts' Value Score and Ben Graham Formula Value All Stars, or GASV, to identify large-cap stocks offering strong value and dividend safety. Seventeen out of twenty-four "safer" lowest-priced Dividend Dogs of the GASV are currently fair-priced and ready to buy for income investors. Top ten GASV stocks offer projected average net gains of 32.99% by June 2026, with yields ranging from 8.94% to 13.81%.

17 Ideal 'Safer' Dividend Dogs To Buy Out Of 72 June Graham Value All-Stars

Golub Capital: A Dividend Cut Is Still Likely

I maintain my 'Hold' rating on GBDC due to ongoing concerns about dividend sustainability, despite a recent improvement in the payout ratio to 100%. The cessation of special dividends reduced short-term risk, but the base dividend remains at risk if adjusted net investment income doesn't stabilize. GBDC's portfolio quality is average, with a low non-accrual ratio, but negative net funds growth and dilution from the merger weigh on per-share results.

Golub Capital: A Dividend Cut Is Still Likely

What I Wish I Knew Before Buying BDCs, REITs, And MLPs

BDCs, REITs, and MLPs offer attractive, sustainable yields due to pass-through structures and stable cash flow profiles. However, each of these sectors has its own unique quirks. I discuss several of these that are often overlooked by investors.

What I Wish I Knew Before Buying BDCs, REITs, And MLPs

Golub Capital BDC's NAV, Valuation, And Dividend Vs. 11 BDC Peers - Part 2 (Includes Calendar Q3 - Q4 2025 Dividend Projections)

Part 2 of this article compares GBDC's recent dividend per share rates, yield percentages, and several other highly detailed (and useful) dividend sustainability metrics to 11 other BDC peers. This includes a comparative analysis of GBDC's cumulative undistributed taxable income ratio, percentage of floating-rate debt investments, recent weighted average annualized yield, and weighted average interest rate on outstanding borrowings. GBDC's dividend sustainability is fairly strong for now. However, several additional cuts to the Federal Funds Rate will likely result in a GBDC dividend reduction (along with several peers).

Golub Capital BDC's NAV, Valuation, And Dividend Vs. 11 BDC Peers - Part 2 (Includes Calendar Q3 - Q4 2025 Dividend Projections)

24/7 Wall Street

Get Paid 10%+ a Year? These Monthly Dividend Stocks Actually Deliver

Although double-digit yields were normal during the 1980s, lower interest rates and a robust stock market have rendered yields of 10% or higher obscure.

Get Paid 10%+ a Year? These Monthly Dividend Stocks Actually Deliver

Big Dividend Yielders At A Glance

We all learn over time. Some of us more than others. The agency mortgage REIT price-to-book ratios are getting really high, except for the weaker ones. That doesn't make the weak ones a great bargain. Main Street Capital stands out among BDCs for superior management and NAV growth, but that valuation just refuses to come down.

Big Dividend Yielders At A Glance

Golub Capital BDC's NAV, Valuation, And Dividend Versus 11 BDC Peers - Part 1 (Includes Recommendations As Of 5/30/2025)

Part 1 of this article compares Golub Capital BDC's recent quarterly change in NAV, quarterly and trailing 12-month economic return, NII, and current valuation to 11 BDC peers. Part 1 also performs a comparative analysis of each company's investment portfolio as of 12/31/2024 and 3/31/2025. This includes an updated percentage of investments on non-accrual status. I also provide a list of the other BDC stocks I currently believe are undervalued (a buy recommendation), overvalued (a sell recommendation), and appropriately valued (a hold recommendation).

Golub Capital BDC's NAV, Valuation, And Dividend Versus 11 BDC Peers - Part 1 (Includes Recommendations As Of 5/30/2025)

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