GBDC Stock Recent News

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.

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.

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

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 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.

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.

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) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.42 per share a year ago.

We take a look at the BDC sector through the fourth week in April. BDCs had a good week and month with a return of around 2% in April. Golub Capital declared a flat dividend and a rise in net income.