Golub Capital BDCGBDC
GBDC
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.
0
Funds holding %
of 6,810 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
465% more call options, than puts
Call options by funds: $3.15M | Put options by funds: $557K
85% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 67
0% more funds holding in top 10
Funds holding in top 10: 8 [Q2] → 8 (+0) [Q3]
4% less funds holding
Funds holding: 290 [Q2] → 278 (-12) [Q3]
7% less capital invested
Capital invested by funds: $1.59B [Q2] → $1.48B (-$113M) [Q3]
13% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 45
22.08% less ownership
Funds ownership: 58.72% [Q2] → 36.65% (-22.08%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$15
1%
upside
Avg. target
$15
1%
upside
High target
$15
1%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Wells Fargo Finian O'Shea 63% 1-year accuracy 22 / 35 met price target | 1%upside $15 | Equal-Weight Maintained | 21 Nov 2024 |
Financial journalist opinion
Based on 8 articles about GBDC published over the past 30 days
Neutral
Seeking Alpha
21 hours ago
How To Invest $1 Million For Sustainable Retirement Passive Income
Retiring on $1 million is increasingly challenging. Doing it with dividends can make it more feasible. I share two approaches to retiring on dividends with $1 million.
Neutral
Business Wire
4 days ago
Golub Capital BDC, Inc. Schedules Release of Fiscal Year 2025 First 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 December 31, 2024 on Tuesday, February 4, 2025 after the close of the financial markets. Golub Capital BDC, Inc. will host an earnings conference call at 10:00 a.m. (Eastern Time) on Wednesday, February 5, 2025 to discuss its quarterly financial results. All interested parties may participate i.
Positive
Seeking Alpha
4 days ago
Golub Capital BDC: Dividends Worth Scooping Despite Further Interest Rate Changes
Golub Capital BDC's conservative portfolio, focusing on first-lien debt, faces challenges from decreasing interest rates but maintains solid dividend coverage. GBDC's diversified borrower base and unique industry focus, with a low non-accrual rate, supports its defensive investment position. As GBDC's regular dividend coverage can withstand a few more cuts, the current regular DPS yield of 10.2% can be considered an attractive risk-to-reward opportunity.
Positive
Seeking Alpha
2 weeks ago
Worried About Higher For Longer? Sleep Well With This 7%-Yielding Portfolio
The threat of higher inflation and interest rates for longer has sent the market into turmoil. However, high yield investors have nothing to fear from this development. We share a 7%-yielding portfolio that is well-positioned to weather the current macro environment.
Positive
Seeking Alpha
3 weeks ago
Golub Capital's NAV, Valuation, And Dividend Vs. 14 BDC Peers - Part 2 (Includes Updated 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 14 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 “base” dividend sustainability remains strong. When comparing/analyzing all metrics (including additional metrics not mentioned), GBDC is currently deemed to be undervalued (BUY).
Neutral
Seeking Alpha
3 weeks ago
5 BDCs With High Dividend Resistance To Falling Interest Rates
The financial outlook for many BDCs is not promising. Already lower base rates will continue to depress results in Q4 reports. The trajectory for SOFR is not great either.
Negative
Seeking Alpha
3 weeks ago
Very Bad News For Utilities Stocks
The utilities sector saw an 18.03% bull run from July to November, driven by falling interest rates and AI demand, but has pulled back 6.38% so far in December. I discuss why the sector is pulling back sharply and what my outlook for it is. I also share how I am investing right now in light of this.
Positive
Seeking Alpha
4 weeks ago
10% Yields: 2 Well-Covered Big Dividends The Market Is Sleeping On
The market rarely offers 10%+ yielding common equities that have a low risk of facing a cut. However, once in a while it offers up compelling opportunities like this. I share two 10%+ yields that are well-covered, and the market appears to be sleeping on them.
Positive
Seeking Alpha
1 month ago
Golub Capital BDC: About 10%-Yielding Cash Cow
Golub Capital supports its dividend with net investment income and offers a 10% yield. The BDC's dividend coverage is solid, with a Q4'24 coverage ratio of 1.21X, and it maintains chiefly high-quality first lien investments. Golub Capital's key financial metrics surged due to acquisition activity, with interest income, total investment income, and net investment income increasing by 38%, 36%, and 43%.
Neutral
Seeking Alpha
1 month ago
Golub Capital's NAV, Valuation, And Dividend Vs. 14 BDC Peers - Part 1 (Includes Recommendations As Of 11/29/2024)
Part 1 of this article compares GBDC's recent quarterly change in NAV, quarterly and trailing 12-month economic return, NII, and current valuation to 14 BDC peers. It also performs a comparative analysis between each company's investment portfolio as of 6/30/2024 and 9/30/2024. 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).
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