Golub Capital BDC, Inc. is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. The company seeks to invest in the United States. It primarily invests in senior secured, one stop, unitranche, second lien, subordinated and mezzanine loans of middle-market companies, and warrants.
Industry, Sector and Symbol
Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone212-750-6060
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$152.17 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/6/2019 (Estimated)
OptionableOptionable
Golub Capital BDC (NASDAQ:GBDC) Frequently Asked Questions
What is Golub Capital BDC's stock symbol?
Golub Capital BDC trades on the NASDAQ under the ticker symbol "GBDC."
How often does Golub Capital BDC pay dividends? What is the dividend yield for Golub Capital BDC?
Golub Capital BDC declared a quarterly dividend on Thursday, February 7th. Investors of record on Thursday, March 7th will be paid a dividend of $0.32 per share on Thursday, March 28th. This represents a $1.28 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date is Wednesday, March 6th. View Golub Capital BDC's Dividend History.
How were Golub Capital BDC's earnings last quarter?
Golub Capital BDC Inc (NASDAQ:GBDC) issued its earnings results on Wednesday, February, 6th. The investment management company reported $0.32 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.32. The investment management company earned $39.41 million during the quarter, compared to analyst estimates of $39.39 million. Golub Capital BDC had a net margin of 50.99% and a return on equity of 8.03%. During the same quarter last year, the firm posted $0.32 earnings per share. View Golub Capital BDC's Earnings History.
When is Golub Capital BDC's next earnings date?
What price target have analysts set for GBDC?
1 equities research analysts have issued 1-year target prices for Golub Capital BDC's stock. Their predictions range from $22.00 to $22.00. On average, they anticipate Golub Capital BDC's stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 20.5% from the stock's current price. View Analyst Price Targets for Golub Capital BDC.
What is the consensus analysts' recommendation for Golub Capital BDC?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golub Capital BDC in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Golub Capital BDC.
What are Wall Street analysts saying about Golub Capital BDC stock?
Here are some recent quotes from research analysts about Golub Capital BDC stock:
- 1. According to Zacks Investment Research, "Golub Capital BDC Inc. is a business development company that principally invests in senior secured, unitranche, mezzanine and second lien loans of middle-market companies that are, in most cases, sponsored by private equity investors. The Company's investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of Golub Capital. " (2/12/2019)
- 2. National Securities analysts commented, " GBDC earned core NII/share of $0.32 for F1Q19, matching our estimate and the quarterly dividend. The company didn’t recognize any dividend income from the SLF during the quarter although earnings were not impacted due to the incentive fee structure. Incentive fees declined to $2.0mm from $3.7mm Q/Q.
Despite the government shutdown and potential bottleneck with the SEC Golub is still targeting the 6/30/19 quarter for its merger with its nontraded BDC, Golub Capital Investment Corp. (GCIC). We estimate that the merger will bring NAV/share up to $16.64 from $16.04 Q/Q for an increase of 3.7% and that GBDC’s portfolio at fair value will also increase to $3.52 billion from $1.93 billion Q/Q.
As we’ve previously noted, the merger is likely to be a win-win for both GBDC and GCIC shareholders. GBDC shareholders will have enhanced liquidity, NAV accretion, and a larger portfolio with a company that has 96% overlap. GCIC shareholders also get a liquidity event and a stock that trades generally 15% above NAV. We expect the merger process to be relatively seamless, although we note that a renewed government shutdown could potentially delay the process as the SEC would be closed again.
We think Golub has several advantages and levers for growth through F2019 and F2020. The volatility in the BSL (broadly syndicated loan market) likely means the certainty of close Golub provides will be more appealing to sponsor-backed companies. Additionally, we think that there will be less of a lag between spread widening in the BSL and the upper middle market (UMM) where Golub typically makes loans relative the core and lower middle market. This should enable GBDC to realize higher effective yields should volatility return (which we expect it will).
We are revising our fiscal 2019 core NII/share estimate to $1.30 from $1.32 and maintaining our fiscal 2020 core NII/share estimate of $1.34. We are reiterating our BUY rating and our $22 price target. " (2/11/2019)
Has Golub Capital BDC been receiving favorable news coverage?
Media stories about GBDC stock have trended somewhat positive on Friday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Golub Capital BDC earned a news impact score of 1.0 on InfoTrie's scale. They also assigned headlines about the investment management company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the stock's share price in the near future.
Who are some of Golub Capital BDC's key competitors?
Some companies that are related to Golub Capital BDC include Prospect Capital (PSEC), TPG Specialty Lending (TSLX), New Mountain Finance (NMFC), Pennantpark Floating Rate Capital (PFLT), PennantPark Investment (PNNT), Gladstone Investment (GAIN), Capital Southwest (CSWC), Triplepoint Venture Growth BDC (TPVG), Arlington Asset Investment (AI), Oaktree Strategic Income (OCSI), Stellus Capital Investment (SCM), THL Credit (TCRD), Safeguard Scientifics (SFE), OFS Capital (OFS) and Capitala Finance (CPTA).
What other stocks do shareholders of Golub Capital BDC own?
Who are Golub Capital BDC's key executives?
Golub Capital BDC's management team includes the folowing people:
- Mr. David B. Golub, Pres & CEO (Age 57)
- Mr. Ross A. Teune, Treasurer & CFO (Age 51)
- Mr. Joshua M. Levinson, Co-Gen. Counsel and Chief Compliance Officer (Age 44)
- Mr. Andrew H. Steuerman, Sr. Managing Director of Golub Capital (Age 51)
- Mr. Gregory W. Cashman, Sr. Managing Director of Golub Capital (Age 54)
Who are Golub Capital BDC's major shareholders?
Golub Capital BDC's stock is owned by many different of institutional and retail investors. Top institutional investors include MRA Associates USA LLC (4.07%), Frontier Investment Mgmt Co. (1.79%), Confluence Investment Management LLC (1.14%), Sound Income Strategies LLC (0.99%), Sound Income Strategies LLC (0.99%) and Cliffwater LLC (0.95%). View Institutional Ownership Trends for Golub Capital BDC.
Which institutional investors are selling Golub Capital BDC stock?
GBDC stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Advisers LP, Two Sigma Investments LP, Polar Capital LLP, Sumitomo Mitsui Asset Management Company LTD, D. E. Shaw & Co. Inc., Stratos Wealth Partners LTD., Sound Income Strategies LLC and Lyell Wealth Management LP. View Insider Buying and Selling for Golub Capital BDC.
Which institutional investors are buying Golub Capital BDC stock?
GBDC stock was acquired by a variety of institutional investors in the last quarter, including MRA Associates USA LLC, Cliffwater LLC, Global Strategic Management Inc., Derby & Company Inc., Massey Quick Simon & CO. LLC, California Public Employees Retirement System, WESPAC Advisors LLC and Fort Washington Investment Advisors Inc. OH. View Insider Buying and Selling for Golub Capital BDC.
How do I buy shares of Golub Capital BDC?
Shares of GBDC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Golub Capital BDC's stock price today?
One share of GBDC stock can currently be purchased for approximately $18.25.
How big of a company is Golub Capital BDC?
Golub Capital BDC has a market capitalization of $1.10 billion and generates $152.17 million in revenue each year. The investment management company earns $81.97 million in net income (profit) each year or $1.29 on an earnings per share basis.
What is Golub Capital BDC's official website?
How can I contact Golub Capital BDC?
Golub Capital BDC's mailing address is 666 FIFTH AVENUE 18TH FLOOR, NEW YORK NY, 10103. The investment management company can be reached via phone at 212-750-6060.
MarketBeat Community Rating for Golub Capital BDC (NASDAQ GBDC)
MarketBeat's community ratings are surveys of what our community members think about Golub Capital BDC and other stocks. Vote "Outperform" if you believe GBDC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GBDC will underperform the S&P 500 over the long term. You may vote once every thirty days.
