Golub Capital BDC
GBDC
Market cap $3.84B

14.46 USD

-0.12

0.82%

At close Mar 13, 4:00 PM EDT

After hours

14.44

-0.02

0.14%

1 day

-0.82%

5 days

-2.56%

1 month

-9.17%

3 months

-3.92%

6 months

-4.17%

Year to date

-5.30%

1 year

-9.91%

5 years

-5.43%

10 years

-17.98%

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 7,372 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

214% more first-time investments, than exits

New positions opened: 66 | Existing positions closed: 21

51% more repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 81

38% more funds holding in top 10

Funds holding in top 10: 8 [Q3] → 11 (+3) [Q4]

13% more funds holding

Funds holding: 282 [Q3] → 320 (+38) [Q4]

3.34% less ownership

Funds ownership: 36.73% [Q3] → 33.39% (-3.34%) [Q4]

9% less capital invested

Capital invested by funds: $1.48B [Q3] → $1.35B (-$128M) [Q4]

37% less call options, than puts

Call options by funds: $1.41M | Put options by funds: $2.23M

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for GBDC.

See Analyst Rankings

Financial journalist opinion

Based on 11 articles about GBDC published over the past 30 days

Golub Capital BDC's NAV, Valuation And Dividend Vs. 11 Peers - Part 1 (Includes Recommendations As Of 3/11/2025)

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 11 BDC peers. Part 1 also performs a comparative analysis between each company's investment portfolio as of 9/30/2024 and 12/31/2024. 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).

Golub Capital BDC's NAV, Valuation And Dividend Vs. 11 Peers - Part 1 (Includes Recommendations As Of 3/11/2025)

An Important Warning For BDC Investors

Why BDCs may be entering a dangerous phase. Avoid these risks before it's too late. One BDC stands out as a safe bet, and is my top pick right now.

An Important Warning For BDC Investors

9% Yields From Baby Bonds

Yield to maturity is crucial in baby bond analysis. Yield to call can also be relevant when call risk is more relevant. We're starting with a hypothetical for demonstrating a key point, then we'll look at two baby bonds as they are trading today. Market inefficiencies can arise from liquidity issues, creating trading opportunities between similar preferred shares or baby bonds.

9% Yields From Baby Bonds

8% Or Higher Yields Face Off

Six investments enter, six leave. This isn't a death match. All six have huge yields, but the valuations create some material differences. We've added three more baby bonds to our sector charts.

8% Or Higher Yields Face Off

How To Invest $100,000 Today For A Strong Dividend Snowball Portfolio

Want financial freedom? Here's how to turn $100K into a lifetime of growing passive income. These picks offer the perfect balance of high yield, strong dividend growth, and compounding power. Warren Buffett and Charlie Munger's wisdom applied—build your own dividend machine starting now.

How To Invest $100,000 Today For A Strong Dividend Snowball Portfolio

Golub Capital: Strong Income Value

Golub Capital: Strong Income Value

Golub Capital: Strong Income Value

Golub Capital: Is A Dividend Cut In The Cards In 2025? (Rating Downgrade)

Golub Capital BDC's dividend pay-out ratio rose to 123% in 4Q24, raising concerns about potential dividend cuts in 2025 despite improved credit profile. The BDC's portfolio grew to $8.7 billion with a strong focus on First Lien loans, benefiting from robust origination growth and successful restructuring. Despite earning $0.39 per share in adjusted net investment income, the total dividend pay-out ratio suggests heightened dividend risks, leading to a 'Hold' rating.

Golub Capital: Is A Dividend Cut In The Cards In 2025? (Rating Downgrade)

Golub Capital: A Solid Result From This Consistent BDC

Golub Capital BDC delivered a solid quarter with a 2.8% total NAV return. It trades at a 10% dividend yield and a 3% premium to NAV. The company's portfolio is well-diversified with 386 positions, primarily in floating-rate first-lien loans; it is focused on the software and healthcare sectors. Despite a 17% drop in adjusted net investment income, the decline was less than 5% after adjusting for non-repeatable items; no supplemental dividend was declared.

Golub Capital: A Solid Result From This Consistent BDC

10% Yields With Lower Risk: 3 Rare Buying Opportunities You Can't Ignore

These 3 high-yield stocks offer double-digit payouts while keeping risk in check—find out why the market is mispricing them. A government-backed REIT, a powerhouse midstream MLP, and a rock-solid BDC—all yielding 10%+ and primed for growth. Investors rarely get opportunities like this—here's how to lock in sustainable 10%+ yields before the market catches on.

10% Yields With Lower Risk: 3 Rare Buying Opportunities You Can't Ignore

An Important Warning For Dividend Investors

Dividend stocks may look cheap, but are they actually value traps? We uncover the truth. The REIT, energy, and BDC sectors face major headwinds—find out which stocks to avoid. Our high-yield strategy targets hidden gems while sidestepping the biggest pitfalls.

An Important Warning For Dividend Investors

See News Rankings

Charts implemented using Lightweight Charts™