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 Date11/27/2019 (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 announced a quarterly dividend on Tuesday, August 6th. Shareholders of record on Monday, August 19th will be paid a dividend of $0.32 per share on Friday, September 27th. This represents a $1.28 annualized dividend and a yield of 6.84%. The ex-dividend date of this dividend is Friday, August 16th. View Golub Capital BDC's Dividend History.
How were Golub Capital BDC's earnings last quarter?
Golub Capital BDC Inc (NASDAQ:GBDC) issued its quarterly earnings results on Wednesday, August, 7th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.32. The investment management company had revenue of $42.11 million for the quarter, compared to the consensus estimate of $41.48 million. Golub Capital BDC had a return on equity of 8.10% and a net margin of 43.56%. The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $0.33 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 12 month target prices for Golub Capital BDC's shares. Their predictions range from $22.00 to $22.00. On average, they anticipate Golub Capital BDC's share price to reach $22.00 in the next year. This suggests a possible upside of 17.5% 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. " (9/11/2019)
- 2. National Securities analysts commented, "▪ GBDC posted core NII/share of $0.32 for F2Q19, in-line with both our estimate and the quarterly dividend. Golub’s portfolio at cost grew to $1.95 billion from $1.92 billion Q/Q as originations of $115.2mm outpaced repayment activity of $80.3mm. In F1H19, repayment activity slowed to $143.9mm compared to $207.8mm in F1H18 which has assisted the company in achieving net portfolio growth.
▪ NAV/share was off by two cents to $15.95 Q/Q driven by $1.9mm of realized losses. We think there are two drivers behind the NAV/share growth we model through F2019 and F2020. First, non-accruals have averaged 0.6% of par since F1Q13, and the excellent credit quality of Golub is something we anticipate will continue. Second, the merger with Golub Capital Investment Corp. (GCIC) should boost F3Q19 NAV/share by 4.1% Q/Q, by our estimates.
▪ We think the merger will be a significant benefit to GBDC. We model NAV/share to increase to $16.60 from $15.95 Q/Q as a result of the merger and expect the portfolio at fair value to finish 6/30/19 at $3.72 billion from $1.96 billion Q/Q.
▪ The portfolios have 96% overlap, so there is no substantive difference in portfolio composition from combining the two companies. We expect shares outstanding to increase to 121.5mm from 60.6mm and improve the liquidity of GBDC materially as well. The combined company will also likely be able to complete larger and cheaper securitizations, the bread and butter of Golub’s low-cost funding which should enhance returns further. We expect the quarterly dividend to be increased a penny per share in the 9/30/19 quarter.
▪ We are maintaining our fiscal 2019 core NII/share estimate of $1.30 and revising our fiscal 2020 core NII/share estimate to $1.33 from $1.34. We are reiterating our BUY rating and our $22 price target." (5/13/2019)
Has Golub Capital BDC been receiving favorable news coverage?
Press coverage about GBDC stock has trended somewhat positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Golub Capital BDC earned a news sentiment score of 0.9 on InfoTrie's scale. They also gave media headlines about the investment management company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Golub Capital BDC.
Are investors shorting Golub Capital BDC?
Golub Capital BDC saw a increase in short interest in August. As of August 15th, there was short interest totalling 1,605,600 shares, an increase of 8.3% from the July 15th total of 1,482,400 shares. Based on an average daily volume of 181,600 shares, the short-interest ratio is presently 8.8 days. Currently, 2.7% of the company's stock are sold short. View Golub Capital BDC's Current Options Chain.
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), Triplepoint Venture Growth BDC (TPVG), Gladstone Investment (GAIN), Capital Southwest (CSWC), Safeguard Scientifics (SFE), Stellus Capital Investment (SCM), Oaktree Strategic Income (OCSI), THL Credit (TCRD), Arlington Asset Investment (AI), Allied Minds (ALLWF) and OFS Capital (OFS).
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 a variety of of retail and institutional investors. Top institutional shareholders include Wells Fargo & Company MN (2.48%), UBS Group AG (1.94%), Schroder Investment Management Group (1.70%), Sound Income Strategies LLC (1.64%), OMERS ADMINISTRATION Corp (1.22%) and Confluence Investment Management LLC (1.07%). View Institutional Ownership Trends for Golub Capital BDC.
Which major investors are selling Golub Capital BDC stock?
GBDC stock was sold by a variety of institutional investors in the last quarter, including MRA Associates USA LLC, Texas Yale Capital Corp., Van ECK Associates Corp, UBS Group AG, CIBC Private Wealth Group LLC, Novare Capital Management LLC, Confluence Investment Management LLC and Invesco Ltd.. View Insider Buying and Selling for Golub Capital BDC.
Which major investors are buying Golub Capital BDC stock?
GBDC stock was purchased by a variety of institutional investors in the last quarter, including Sound Income Strategies LLC, Virtus ETF Advisers LLC, Citadel Advisors LLC, D. E. Shaw & Co. Inc., United Capital Financial Advisers LLC, Skandinaviska Enskilda Banken AB publ, Wells Fargo & Company MN and Jag Capital Management LLC. 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, Robinhood, Fidelity and Charles Schwab.
What is Golub Capital BDC's stock price today?
One share of GBDC stock can currently be purchased for approximately $18.72.
How big of a company is Golub Capital BDC?
Golub Capital BDC has a market capitalization of $1.14 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. View Additional Information About Golub Capital BDC.
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.
