GBDC Stock Recent News

Golub Capital BDC (GBDC) came out with quarterly earnings of $0.50 per share, missing the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.37 per share a year ago.

Golub Capital BDC (GBDC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

We take a look at the action in business development companies through the third week of January and highlight some of the key themes we are watching.

NEW YORK--(BUSINESS WIRE)--Golub Capital BDC, Inc. Schedules Release of Fiscal Year 2024 First Quarter Results.

Golub Capital is currently trading at a small 2% premium to NAV per share of $15.02 at the end of its fiscal 2023 fourth quarter. The BDC has an investment grade rating from Fitch and is paying out a 9.7% dividend yield. The distribution was 135% covered by fourth-quarter adjusted NII with GBDC's NAV per share realizing sequential growth.

Golub Capital BDC has a prudent approach, focusing on first lien senior secured loans and resilient industries backed by top private equity firms. However, the company has recently struggled to maintain consistent alpha performance compared to the broader BDC index. In this article, I explain why this is a great opportunity to buy, while GBDC has not reached and exceeded its peer performance again.

We take a look at the action in business development companies through the third week of December and highlight some of the key themes we are watching. BDCs had a good week with a total return of around 1.5%, but underperformed the broader income market due to a low duration profile. The presence of PIK loans in BDC portfolios may indicate increased risk, but it's important to analyze the specifics of the PIK population.

We take a look at the action in business development companies through the third week of November and highlight some of the key themes we are watching. BDCs had a good week with a total return of around 1%, making them the best-performing sector across the income space. Different BDCs focus on different parts of the middle-market space, though this is typically not due to choice.

Business Development Companies (BDCs) with predominantly floating rate portfolios will benefit from higher interest rates, bringing in extra income. Golub Capital is a conservative BDC with a focus on first-lien loans and a well-diversified portfolio. Additionally, they trade at a slight discount to their NAV price. Sixth Street Specialty Lending and Hercules Capital are also strong BDC options with first-lien focus and solid financials.

Golub Capital is a business development company that specializes in providing funds to middle-market companies. The dividend yield sits above 10% and it has recently experienced a raise of 12%. With a 100% floating rate loan exposure, GBDC is set to continue benefitting from a high interest rate environment.