Golub Capital BDC

Golub Capital BDC Inc engages in the business of investment. It seeks to create a portfolio that includes primarily senior secured and one stop loans. The company was founded in July 2007 and is headquartered in New York, NY.

Earnings data Q2 2021

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Earnings data Q1 2025

GBDC reports record earnings, announces merger, and faces market challenges

GBDC delivered strong financial performance in Q2 2024, marked by record-high earnings per share and NAV growth, supported by robust credit performance and liquidity.
The company's strategic initiatives, including the merger announcement and fee reductions, demonstrate a commitment to enhancing shareholder value and navigating market challenges.
While facing headwinds from market conditions, GBDC's management remains confident in the company's resilience and competitive position, highlighting opportunities for growth and value creation.
Investors should monitor GBDC's ability to capitalize on opportunities, manage challenges effectively, and sustain its strong performance in the evolving market landscape.

GBDC reports mixed Q3 results, focuses on quality over quantity

GBDC's Q3 showed a mix of successes and challenges, with strong borrower performance and increased origination volume offset by credit write-downs. The company remains cautiously optimistic about future opportunities and plans to prioritize quality in its leverage targets.

GBDC reports solid Q4 performance, eyes growth amid challenges

GBDC had a solid Q4 2024, focusing on core transactions and minimizing losses from underperforming borrowers.
Despite facing challenges, the company grew its net funds and maintained strong distribution coverage.
Management's emphasis on competitive advantages and financial flexibility bodes well for future performance.
Outlook for M&A activity in 2025 and actions to improve cost structure present growth opportunities.

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NEW YORK--(BUSINESS WIRE)--Golub Capital BDC, Inc., a business development company (Nasdaq: GBDC), today announced its financial results for its third fiscal quarter ended June 30, 2024. Except where the context suggests otherwise, the terms “we,” “us,” “our,” and “Company” refer to Golub Capital BDC, Inc. and its consolidated subsidiaries. “GC Advisors” refers to GC Advisors LLC, our investment adviser. SELECTED FINANCIAL HIGHLIGHTS               (in thousands, expect per share data)         J.

Golub Capital BDC, Inc. Announces Fiscal Year 2024 Third Quarter Financial Results

GBDC closed a merger agreement with Golub Capital BDC 3, becoming the fifth-largest publicly traded BDC by asset. Golub Capital BDC reported strong earnings for fiscal 2023, with significant revenue and NII growth. Earnings remained strong in the most recent quarters, with revenue and NII continuing to increase.

Golub Capital BDC: 11% Yield, Insiders Buying, Reports This Week

Golub Capital operates as a business development company that generates earnings through debt investments to middle market companies. Golub Capital's price fell by nearly 5% over the last week. This price retraction has increased the valuation appeal. GBDC offers a strong portfolio of debt investments, high dividend yield of 10.6%, and potential for growth despite lower interest rates.

Golub Capital: Price Drop Brings This Into Buy Zone (Rating Upgrade)

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Diversification is key for income investors, and BDCs offer a professionally managed portfolio of loans across different sectors. Golub Capital presents a buy-the-dip opportunity with strong operating fundamentals, high dividend coverage, and potential for market-beating returns with special dividends. GBDC is well-positioned with a conservatively managed portfolio and a more favorable fee structure toward shareholders.

Golub Capital: Buy The Dip On This 10% Yield

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We take a look at the action in business development companies through the first week of July and highlight some of the key themes we are watching. BDCs had a strong week with a 1.5% total return, outperforming the broader income market. Trinity Capital updated the conversion rate of its 2025 convertible bonds, providing benefits for management and mixed impact for existing shareholders.

BDC Weekly Review: The Benefits Of Convertible Bonds For BDCs

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, 2024 on Monday, August 5, 2024 after the close of the financial markets. Golub Capital BDC, Inc. will host an earnings conference call at 11:00 a.m. (Eastern Time) on Tuesday, August 6, 2024 to discuss its quarterly financial results. All interested parties may participate in the confe.

Golub Capital BDC, Inc. Schedules Release of Fiscal Year 2024 Third Quarter Results

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When looking for stocks with high yields, business development companies (BDCs) and mortgage real estate investment trusts (REITs) stand out as potential options. These sectors often have high dividend yields.

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We take a look at the action in business development companies through the second week of June and highlight some of the key themes we are watching. BDCs fell 1% on the week, underperforming the broader income space, with valuations coming off slightly. Banks are regaining financing from private credit lenders, challenging the idea of BDCs taking over syndicated lending.

BDC Weekly Review: Banks Are Refinancing Private Debt

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Market fear can present buying opportunities for dividend stocks with high yields. Golub Capital BDC offers a 9.8% dividend yield, benefits from high interest rates, and has a strong NII-to-Dividend coverage ratio. Brookfield Renewable Partners has a 5.5% yield, steady cash flows, and is undervalued with potential for market-beating returns.

Buy The Drop On These 6-10% Yielding Bargains

Golub Capital's recent pullback in share price gives investors a chance to pick up a quality BDC at a slight premium above NAV. As seen by the BDC's credit quality and dividend coverage, GBDC still remains attractively valued in comparison to some of its peers. This credit quality, robust liquidity, and strong dividend coverage also make Golub Capital BDC an attractive income play.

Golub Capital: A 10% Yielding BDC That Remains An Attractive Income Play

The merger between Golub Capital BDC and Golub Capital BDC 3 creates a larger investment company with lower costs and growth potential. Golub Capital maintains a distinct first lien strategy, with the majority of investments in traditional first lien originations. Golub Capital said it will lower incentive fees, which are set to add to the BDC's NII.

Golub Capital: 11% Yield And Upside Related To Merger Transaction

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Weak asset quality, high rates and macroeconomic woes are likely to hurt Zacks SBIC & Commercial Finance industry players like Golub Capital (GBDC) and Crescent Capital (CCAP). Yet, decent financing demand across sectors is likely to aid.

2 SBIC & Commercial Finance Stocks to Buy Despite Industry Woes

NEW YORK--(BUSINESS WIRE)--Golub Capital BDC, Inc. (“GBDC,” or the “Company”), a business development company (Nasdaq: GBDC), announced today that it has completed its previously announced merger with Golub Capital BDC 3, Inc. (“GBDC 3”), with GBDC as the surviving company. With $8.8 billion of total assets at fair value and investments in 367 portfolio companies, on a pro forma basis as of March 31, 2024, GBDC is the fifth-largest externally managed, publicly traded business development compan.

Golub Capital BDC, Inc. Closes Merger With Golub Capital BDC 3, Inc., Declares Special Distributions Totaling $0.15 Per Share

NEW YORK--(BUSINESS WIRE)--Golub Capital BDC, Inc. (“GBDC,” or the “Company”), a business development company (Nasdaq: GBDC), announced today that it obtained stockholder approval of the proposal related to its merger with Golub Capital BDC 3, Inc. (“GBDC 3”) at a special meeting of the Company's stockholders on May 29, 2024. 98% of GBDC stockholders who voted at the meeting voted in favor of the proposal related to effecting the proposed merger as described in the joint proxy statement and Com.

Golub Capital BDC, Inc. Announces Stockholder Approval of Proposed Merger With Golub Capital BDC 3, Inc.

Here is how Golub Capital BDC (GBDC) and Green Brick Partners (GRBK) have performed compared to their sector so far this year.

Are Finance Stocks Lagging Golub Capital BDC (GBDC) This Year?

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68 All Star And Graham Value Stocks: 53 Fit To Buy In May

Golub Capital BDC is selling at a reasonable 8% premium to net asset value, considering its strong dividend coverage and growth in net investment income. The company announced a merger with another BDC, which will improve its scale and fee structure. Golub Capital BDC has robust dividend coverage and has consistently paid special dividends, making it an attractive option for passive income investors.

Golub Capital: 11% Yield And Merger Catalyst

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Golub Capital BDC reported a good quarterly result with a 3.8% total NAV return and a slight rise in net income. The company's loan portfolio is well-diversified with over 300 positions, targeting primarily floating-rate first-lien loans in sectors such as software and healthcare. GBDC's recent performance has been strong, outperforming BDCs in coverage in 5 of the last 6 quarters.

GBDC: New Fee Structure And Resilient Portfolio Drive Rerating

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The overall market is performing well in May, but caution is advised for stocks with high valuations. Golub Capital and Starwood Property Trust are two picks that are trading close to their net asset values and offer high dividends. Both companies have strong portfolio performance, solid balance sheets, and potential for stable cash flow.

I'm Buying 9% Yields Trading Close To NAV In This Pricey Market

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Barings BDC is a high-quality business development company trading at a discount to NAV of -14.6%, making it an attractive opportunity.

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Golub Capital BDC has delivered strong quarterly results yet again. Despite the recent run-up in the share price, the fundamental dynamics at the portfolio level indicate that the value potential is still there.

Golub Capital: Q2 Proves Again That The Value Is There

Golub Capital BDC (NASDAQ:GBDC ) Q2 2024 Earnings Conference Call May 7, 2024 11:00 AM ET Company Participants David Golub – Chief Executive Officer Matt Benton – Chief Operating Officer Chris Ericson – Chief Financial Officer Conference Call Participants Finian O'Shea – Wells Fargo Robert Dodd – Raymond James Paul Johnson – KBW Operator Hello, everyone, and welcome to GBDC's Earnings Call for the Fiscal Quarter Ended March 31st, 2024. Before we begin, I'd like to take a moment to remind our listeners that remarks made during this call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Golub Capital BDC (GBDC) Q2 2024 Earnings Call Transcript

News for Golub Capital BDC ETF (GBDC)