Golub Capital BDC

GBDC

Market cap $3.75B

Overview Fund Activity

14.08 USD

+0.02

0.14%

At close Updated Sep 16, 4:00 PM EDT

Pre-market

After hours

14.08

0.00

0%

1 day

0.14%

5 days

-4.02%

1 month

-4.48%

3 months

-2.56%

6 months

-5.88%

Year to date

-7.79%

1 year

-6.45%

5 years

5.47%

10 years

-15.49%

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 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

973% more call options, than puts

Call options by funds: $2.54M | Put options by funds: $237K

29% more repeat investments, than reductions

Existing positions increased: 129 | Existing positions reduced: 100

4% less capital invested

Capital invested by funds: $1.69B [Q1] → $1.62B (-$73.9M) [Q2]

2.88% less ownership

Funds ownership: 41.69% [Q1] → 38.82% (-2.88%) [Q2]

5% less funds holding

Funds holding: 330 [Q1] → 312 (-18) [Q2]

27% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 45

54% less funds holding in top 10

Funds holding in top 10: 13 [Q1] → 6 (-7) [Q2]

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Financial journalist opinion

Based on 6 articles about GBDC published over the past 30 days

Are You Falling For These 3 BDC Dividend Myths

BDCs have two issues: 1) almost no margin of safety for dividend coverage, and 2) depressed earnings outlook. For many players it is just a matter of several quarters before they become forced to cut dividends. Yet, there are many arguments, which negate such a view. Unfortunately, many of them ar myths.

Are You Falling For These 3 BDC Dividend Myths

Assessing Golub Capital BDC's Performance For Calendar Q2 2025

GBDC delivered an as-expected quarter with stable NAV and minor NII outperformance, supporting the safety of its 2025 dividend. The portfolio remains healthy, with non-accruals modestly below sector averages and no new non-accruals this quarter, though credit risk should be monitored. Recent liability restructuring and portfolio growth have stabilized NII, but multiple Fed rate cuts could pressure the dividend in 2026.

Assessing Golub Capital BDC's Performance For Calendar Q2 2025

The Worst Setup For BDCs In Years

BDCs have outperformed over the past half-decade. However, macro and sector conditions are shifting rapidly. This could be the toughest environment BDCs have faced in years.

The Worst Setup For BDCs In Years

24/7 Wall Street

Bank of America Has Buy Ratings on 4 Ultra-High-Yield Dividend Giants

BofA Securities is the investment banking and capital markets division of Bank of America, one of the largest financial institutions in the United States.

Bank of America Has Buy Ratings on 4 Ultra-High-Yield Dividend Giants

24/7 Wall Street

Warren Buffetts “Secret Portfolio” Owns 3 Stocks That Pay Massive 8%-14% Dividends

Warren Buffett remains one of the world's most prominent investors, renowned for his long-term buy-and-hold strategies and extensive portfolio of public and private holdings.

Warren Buffetts “Secret Portfolio” Owns 3 Stocks That Pay Massive 8%-14% Dividends

My 10% Income Portfolio-Protecting The NAV

Caring about dividends can increase our returns, but caring about NAV can save our portfolio. Return and NAV protection must go hand in hand, because there can be no sustainable return without protecting the value of the underlying assets. As far as I am concerned, the way to protect my portfolio is to favor only securities with a positive NAV over time.

My 10% Income Portfolio-Protecting The NAV

Golub Capital: Another Boring Solid Quarter From This 10.6%-Yielding BDC

Golub Capital BDC delivered another solid quarter with a 2.4% total NAV return, maintaining a 10.55% dividend yield and trading near the NAV. The portfolio remains highly diversified, focused on first-lien floating-rate loans with low non-accruals and improving internal ratings. Leverage is above target, though management is not rushing to reduce it. The company benefits from low fees and floating-rate liabilities.

Golub Capital: Another Boring Solid Quarter From This 10.6%-Yielding BDC

Golub Capital BDC: I'm Not Buying Anymore

I am downgrading Golub Capital BDC to 'hold' due to declining net investment income and the risk of a potential dividend cut. While Q3 2025 earnings beat expectations, income barely covers the dividend, and further rate cuts could pressure payouts and stock price. Positives include low non-accruals and improved internal performance ratings, suggesting better credit quality and future deal flow opportunities.

Golub Capital BDC: I'm Not Buying Anymore

The Motley Fool

Golub Bdc Q3 Income Holds Steady

Golub Capital Bdc (GBDC 0.61%), a business development company focused on lending to middle-market companies, reported its Q3 FY2025 earnings on August 4, 2025. Headline results showed adjusted net investment income per share holding steady at $0.39, in line with analyst expectations.

Golub Bdc Q3 Income Holds Steady

Golub Capital BDC (GBDC) Q3 2025 Earnings Call Transcript

Golub Capital BDC (NASDAQ:GBDC ) Q3 2025 Earnings Conference Call August 5, 2025 10:30 AM ET Company Participants Christopher Compton Ericson - CFO & Treasurer David B. Golub - CEO & Director Matthew W.

Golub Capital BDC (GBDC) Q3 2025 Earnings Call Transcript

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