Golub Capital BDC, Inc. is an externally managed, non-diversified, closed-end, management investment company. The Company's investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies. It may also selectively invest in second lien and subordinated loans of, and warrants and minority equity securities in the United States middle-market companies. The Company seeks to create a portfolio that includes primarily senior secured and one stop loans by primarily investing in the securities of the United States middle-market companies. It generally invests in securities that have been rated below investment grade by independent rating agencies or that would be rated below investment grade if they were rated. The Company's investment activities are managed by its investment advisor, GC Advisors LLC (GC Advisors).
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Closed End Funds
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NASDAQ:GBDC
- CUSIP: 38173M10
- Web: www.golubcapitalbdc.com
- 50 Day Moving Avg: $19.37
- 200 Day Moving Avg: $19.52
- 52 Week Range: $17.34 - $20.50
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 14.83
- P/E Growth: 1.54
- Annual Dividend: $1.28
- Dividend Yield: 6.7%
- Net Margins: 53.62%
- Return on Equity: 7.86%
- Return on Assets: 3.95%
- Debt-to-Equity Ratio: 0.93%
- Current Ratio: 1.87%
- Quick Ratio: 1.87%
- Average Volume: 218,105 shs.
- Beta: 0.67
Frequently Asked Questions for Golub Capital BDC (NASDAQ:GBDC)
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 Wednesday, August 9th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.32 per share on Friday, September 29th. This represents a $1.28 annualized dividend and a yield of 6.69%. The ex-dividend date is Friday, September 1st. View Golub Capital BDC's Dividend History.
How were Golub Capital BDC's earnings last quarter?
Golub Capital BDC, Inc. (NASDAQ:GBDC) released its earnings results on Monday, August, 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The company earned $35.40 million during the quarter, compared to analysts' expectations of $35.11 million. Golub Capital BDC had a return on equity of 7.86% and a net margin of 53.62%. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. View Golub Capital BDC's Earnings History.
Where is Golub Capital BDC's stock going? Where will Golub Capital BDC's stock price be in 2017?
4 analysts have issued 12 month price targets for Golub Capital BDC's stock. Their forecasts range from $18.00 to $19.50. On average, they expect Golub Capital BDC's share price to reach $19.00 in the next twelve months. View Analyst Ratings for Golub Capital BDC.
What are analysts saying about Golub Capital BDC stock?
Here are some recent quotes from research analysts about Golub Capital BDC stock:
- 1. National Securities analysts commented, "• Golub posted core NII/share of $0.32, matching our estimate and covering the dividend. While we anticipate strong portfolio growth the balance of fiscal 2017 and through fiscal 2018, we do not expect earnings to follow suit. Despite having a low cost of capital, Golub’s returns on invested capital are too low for the company to experience meaningful earnings growth, in our opinion.
• Credit quality remains excellent, with non-accruals as a percentage of par finished 6/30/17 at $10.3 million or 0.6% of the portfolio. This level as a percentage of cost is also the average quarterly non-accrual rate since fiscal 1Q13. Despite the very robust portfolio growth of Golub, the company has not sacrificed asset quality at all. With a portfolio at fair value over $1.8 billion the average investment size is a little over $8 million, with Golub utilizing its exemptive relief to mitigate concentration risk and provide certainty of close to sponsors.
• We expect steady increases in NAV/share to generate respectable and consistent economic returns.
• We are adjusting our fiscal 2017 NII/share estimate to $1.27 from $1.26 and are maintaining our fiscal 2018 NII/share estimate of $1.28." (8/9/2017)
- 2. 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. " (5/11/2017)
Who are some of Golub Capital BDC's key competitors?
Some companies that are related to Golub Capital BDC include FS Investment Corporation (FSIC), 3i Infrastructure PLC (3IN), Tortoise Energy Infrastructure Corporation (TYG), Apollo Investment Corporation (AINV), TPG Specialty Lending (TSLX), New Mountain Finance Corporation (NMFC), Liberty All-Star Equity Fund (USA), Hercules Capital (HTGC), TCP Capital Corp. (TCPC), Solar Capital (SLRC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), Invesco California Value Municipal Income Trust (VCV), PennantPark Investment Corporation (PNNT), BlackRock Capital Investment Corporation (BKCC), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL) and Fidus Investment Corporation (FDUS).
Who are Golub Capital BDC's key executives?
Golub Capital BDC's management team includes the folowing people:
- Lawrence E. Golub, Chairman of the Board
- David B. Golub, Chief Executive Officer, Director
- Ross A. Teune, Chief Financial Officer, Treasurer
- Joshua M. Levinson, Chief Compliance Officer, Secretary
- Gregory A. Robbins, Managing Director
- Jonathan D. Simmons, Corporate Secretary, Director
- John T. Baily, Independent Director
- Kenneth F. Bernstein, Independent Director
- Anita Rival Rosenberg, Independent Director
- William M. Webster IV, Independent Director
Who owns Golub Capital BDC stock?
Golub Capital BDC's stock is owned by many different of institutional and retail investors. Top institutional investors include Muzinich & Co. Inc. (0.00%), Bank of New York Mellon Corp (0.00%), Wells Fargo & Company MN (0.00%), Schroder Investment Management Group (0.00%), Goldman Sachs Group Inc. (0.00%) and Confluence Investment Management LLC (0.00%). Company insiders that own Golub Capital BDC stock include David Golub and John Thomas Baily. View Institutional Ownership Trends for Golub Capital BDC.
Who sold Golub Capital BDC stock? Who is selling Golub Capital BDC stock?
Golub Capital BDC's stock was sold by a variety of institutional investors in the last quarter, including Ares Management LLC, Bank of New York Mellon Corp, Wells Fargo & Company MN, Confluence Investment Management LLC, Raymond James Financial Services Advisors Inc., Susquehanna International Group LLP, Segment Wealth Management LLC and Ironwood Investment Counsel LLC. View Insider Buying and Selling for Golub Capital BDC.
Who bought Golub Capital BDC stock? Who is buying Golub Capital BDC stock?
Golub Capital BDC's stock was purchased by a variety of institutional investors in the last quarter, including Muzinich & Co. Inc., Bank of Montreal Can, First Eagle Investment Management LLC, Geneva Advisors LLC, Fort Washington Investment Advisors Inc. OH, Lyell Wealth Management LP, Van ECK Associates Corp and Fiera Capital Corp. View Insider Buying and Selling for Golub Capital BDC.
How do I buy Golub Capital BDC stock?
Shares of Golub Capital BDC can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Golub Capital BDC's stock price today?
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Golub Capital BDC stock can currently be purchased for approximately $19.13.
Consensus Ratings for Golub Capital BDC (NASDAQ:GBDC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||4 Hold Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$19.00 (0.68% downside)|
Analysts' Ratings History for Golub Capital BDC (NASDAQ:GBDC)
(Data available from 8/18/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/9/2017||National Securities||Reiterated Rating||Neutral||$19.00||Low|
|7/25/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$19.50||Low|
|5/10/2017||Raymond James Financial, Inc.||Reiterated Rating||Outperform -> Market Perform||High|
|9/20/2016||Janney Montgomery Scott||Initiated Coverage||Neutral||$18.00||N/A|
|2/8/2016||Cantor Fitzgerald||Reiterated Rating||Buy||$18.00||N/A|
|8/24/2015||Wells Fargo & Company||Upgrade||Market Perform -> Outperform||N/A|
Earnings History for Golub Capital BDC (NASDAQ:GBDC)Earnings History by Quarter for Golub Capital BDC (NASDAQ GBDC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/7/2017||Q3 2017||$0.32||$0.35||$35.11 million||$35.40 million||View||N/A|
|5/4/2017||Q2 2017||$0.32||$0.32||$35.66 million||$33.56 million||View||Listen|
|2/8/2017||Q117||$0.32||$0.32||$35.22 million||$33.85 million||View||Listen|
|11/16/2016||Q416||$0.32||$0.32||$32.71 million||$34.50 million||View||N/A|
|5/5/2016||Q216||$0.32||$0.33||$31.99 million||$30.76 million||View||N/A|
|2/5/2016||Q116||$0.32||$0.32||$32.60 million||$30.50 million||View||N/A|
|11/17/2015||Q415||$0.32||$0.32||$32.59 million||$33.55 million||View||N/A|
|8/5/2015||Q315||$0.32||$0.30||$30.13 million||$30.41 million||View||N/A|
|5/11/2015||Q215||$0.32||$0.29||$30.30 million||$28.40 million||View||N/A|
|2/6/2015||Q115||$0.32||$0.31||$30.31 million||$27.55 million||View||N/A|
|11/18/2014||Q414||$0.31||$0.32||$29.40 million||$30.66 million||View||N/A|
|8/7/2014||Q314||$0.32||$0.32||$28.52 million||$28.02 million||View||N/A|
|5/8/2014||Q214||$0.32||$0.30||$27.09 million||$25.26 million||View||N/A|
|2/6/2014||Q114||$0.32||$0.31||$25.83 million||$25.58 million||View||N/A|
|12/3/2013||Q413||$0.33||$0.31||$23.86 million||$22.82 million||View||N/A|
|8/8/2013||Q3 2013||$0.31||$0.32||$20.79 million||$22.30 million||View||N/A|
|5/3/2013||Q2 2013||$0.31||$0.32||$18.99 million||$20.96 million||View||N/A|
|2/7/2013||Q1 2013||$0.30||$0.33||$17.61 million||View||N/A|
Earnings Estimates for Golub Capital BDC (NASDAQ:GBDC)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Golub Capital BDC (NASDAQ:GBDC)
|Payout Ratio:||96.24% (Trailing 12 Months of Earnings) |
102.40% (Based on This Year's Estimates)
99.22% (Based on Next Year's Estimates)
Dividend History by Quarter for Golub Capital BDC (NASDAQ GBDC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Golub Capital BDC (NASDAQ:GBDC)
Insider Ownership Percentage: 2.40%Insider Trades by Quarter for Golub Capital BDC (NASDAQ:GBDC)
Institutional Ownership Percentage: 45.35%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/14/2017||David Golub||CEO||Sell||955,896||$18.52||$17,703,193.92|| |
|12/19/2016||John Thomas Baily||Director||Buy||5,500||$18.14||$99,770.00|| |
|8/15/2016||John Thomas Baily||Director||Buy||8,250||$18.35||$151,387.50|| |
|7/30/2016||John Thomas Baily||Director||Sell||6,469||$17.09||$110,555.21|| |
|6/10/2015||David Golub||CEO||Buy||26,845||$17.21||$462,002.45|| |
|6/9/2015||David Golub||CEO||Buy||21,771||$17.27||$375,985.17|| |
|6/8/2015||David Golub||CEO||Buy||28,067||$17.26||$484,436.42|| |
|6/3/2015||David Golub||CEO||Buy||8,608||$17.28||$148,746.24|| |
|4/10/2015||William M Iv Webster||Director||Buy||5,000||$17.42||$87,100.00|| |
|12/17/2014||David Golub||CEO||Buy||5,000||$17.16||$85,800.00|| |
|12/15/2014||David Golub||CEO||Buy||10,000||$17.24||$172,400.00|| |
|12/12/2014||Lawrence E Golub||Chairman||Buy||15,000||$16.99||$254,850.00|| |
|12/11/2014||Lawrence E Golub||Chairman||Buy||15,000||$17.19||$257,850.00|| |
|9/3/2014||David Golub||CEO||Buy||5,000||$17.82||$89,100.00|| |
|2/14/2014||Lawrence Golub||Chairman||Sell||1,135,853||$18.40||$20,899,695.20|| |
|12/23/2013||Lawrence Golub||major shareholder||Buy||5,000||$18.41||$92,050.00|| |
|9/12/2013||David Golub||CEO||Buy||31,504||$16.95||$533,992.80|| |
|9/12/2013||William Iv Webster||Director||Buy||10,000||$16.95||$169,500.00|| |
|5/7/2013||David Golub||CEO||Sell||764,808||$17.47||$13,361,195.76|| |
|10/16/2012||William M Iv Webster||Director||Buy||10,000||$15.58||$155,800.00|| |
|8/8/2012||David Golub||CEO||Sell||111,387||$15.28||$1,701,993.36|| |
Headline Trends for Golub Capital BDC (NASDAQ:GBDC)
Latest Headlines for Golub Capital BDC (NASDAQ:GBDC)
|Golub Capital BDC, Inc. (GBDC) Receives Average Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - August 15 at 3:10 PM
|See what the IHS Markit Score report has to say about Golub Capital BDC Inc.|
finance.yahoo.com - August 11 at 7:24 PM
|IHS Markit Score upgrades Golub Capital BDC Inc to 75 out of 100, ranking positively in two out of four IHS Markit categories.|
finance.yahoo.com - August 10 at 8:13 PM
|Golub Capital BDC, Inc. Plans Quarterly Dividend of $0.32 (NASDAQ:GBDC)|
www.americanbankingnews.com - August 9 at 6:07 PM
|Edited Transcript of GBDC earnings conference call or presentation 8-Aug-17 2:00pm GMT|
finance.yahoo.com - August 8 at 11:42 PM
|Golub Capital's (GBDC) CEO David Golub on Q3 2017 Results - Earnings Call Transcript|
seekingalpha.com - August 8 at 6:40 PM
|Golub Capital BDC, Inc. (NASDAQ:GBDC) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS|
www.americanbankingnews.com - August 8 at 1:36 PM
|BRIEF-Golub Capital BDC Q3 earnings per share $0.35|
www.reuters.com - August 8 at 2:10 AM
|Golub Capital BDC EPS in-line, misses on total investment income|
seekingalpha.com - August 8 at 2:10 AM
|Golub Capital BDC (GBDC) Reports In-Line Q3 EPS, Revenues In-Line|
www.streetinsider.com - August 8 at 2:10 AM
|Golub Capital BDC, Inc. Declares Fiscal Year 2017 Fourth Quarter Distribution of $0.32 Per Share and Announces Fiscal Year 2017 Third Quarter Financial Results|
finance.yahoo.com - August 7 at 9:07 PM
|Golub Capital BDC beats 3Q profit forecasts|
finance.yahoo.com - August 7 at 9:07 PM
|BidaskClub Downgrades Golub Capital BDC, Inc. (NASDAQ:GBDC) to Sell|
www.americanbankingnews.com - July 29 at 4:48 PM
|Golub Capital BDC's (NASDAQ:GBDC) "Hold" Rating Reiterated at Keefe, Bruyette & Woods|
www.americanbankingnews.com - July 25 at 5:45 PM
|Golub Capital BDC, Inc. (GBDC) Receives Average Recommendation of "Hold" from Brokerages|
www.americanbankingnews.com - July 21 at 3:08 PM
|Golub Capital BDC, Inc. Schedules Release of Fiscal Year 2017 Third Quarter Results|
finance.yahoo.com - July 10 at 6:49 PM
|Golub Capital BDC, Inc. Announces $241.9 Million In New Middle-Market Originations For Its Fiscal Year 2017 Third Quarter|
finance.yahoo.com - July 8 at 10:59 AM
|Is Golub Capital BDC Finally A Buy?|
seekingalpha.com - July 4 at 4:41 AM
|Golub Capital BDC is Oversold|
www.nasdaq.com - July 1 at 12:15 AM
|Golub Capital BDC, Inc. (GBDC) Short Interest Down 51.1% in June|
www.americanbankingnews.com - June 30 at 7:14 AM
|Golub Capital BDC Inc (GBDC) Upgraded to Hold at BidaskClub|
www.americanbankingnews.com - June 28 at 6:46 PM
|Golub Capital BDC, Inc. (GBDC) Given Average Rating of "Hold" by Brokerages|
www.americanbankingnews.com - June 26 at 2:41 PM
|PennantPark Investment Corp. (PNNT) & Golub Capital BDC (GBDC) Critical Analysis|
www.americanbankingnews.com - June 15 at 2:08 PM
|Golub Capital BDC, Inc. (GBDC) Given "Neutral" Rating at National Securities|
www.americanbankingnews.com - June 12 at 9:16 AM
|Instant Analysis: Golub Capital BDC Floating 1.75 Million Share Issue|
www.fool.com - June 9 at 7:21 PM
|BRIEF-Golub Capital BDC prices offering of 1.75 mln common shares|
www.reuters.com - June 8 at 2:52 AM
|Golub Capital BDC (GBDC) Prices 1.75M Share Common Offering|
www.streetinsider.com - June 8 at 2:52 AM
|Golub Capital BDC Inc (GBDC) Sees Large Decline in Short Interest|
www.americanbankingnews.com - June 4 at 9:46 AM
|Prospect Capital's NAV, Dividend, And Valuation Compared To 10 BDC Peers (Post Calendar Q1 2017 Earnings) - Part 1|
seekingalpha.com - June 1 at 3:21 AM
|Golub Capital BDC Inc (GBDC) Receives Consensus Rating of "Hold" from Brokerages|
www.americanbankingnews.com - May 30 at 12:40 PM
|Will The High-Yield BDC Sector Outperform The S&P 500 In 2017?|
seekingalpha.com - May 15 at 4:59 PM
|Golub Capital BDC's (GBDC) Market Perform Rating Reiterated at Raymond James Financial, Inc.|
www.americanbankingnews.com - May 14 at 3:26 PM
|Golub Capital BDC's (GBDC) "Neutral" Rating Reiterated at National Securities|
www.americanbankingnews.com - May 14 at 12:32 AM
|Golub Capital BDC Inc (GBDC) Stock Rating Lowered by Zacks Investment Research|
www.americanbankingnews.com - May 11 at 10:52 PM
|Edited Transcript of GBDC earnings conference call or presentation 5-May-17 3:00pm GMT|
finance.yahoo.com - May 7 at 5:39 PM
|Golub Capital BDC Inc Declares Quarterly Dividend of $0.32 (GBDC)|
www.americanbankingnews.com - May 5 at 7:08 PM
|Investor Network: Golub Capital BDC, Inc. to Host Earnings Call|
finance.yahoo.com - May 5 at 5:32 PM
|Golub Capital BDC Inc (GBDC) Receives Consensus Recommendation of "Buy" from Analysts|
www.americanbankingnews.com - May 5 at 10:16 AM
|Golub Capital BDC Inc (GBDC) Releases Quarterly Earnings Results, Meets Estimates|
www.americanbankingnews.com - May 4 at 11:16 PM
|Golub Capital BDC meets 2Q profit forecasts|
marketbeat.com - May 4 at 6:34 PM
|BRIEF-Golub Capital Bdc declares fiscal year 2017 Q3 distribution of $0.32 per share|
www.reuters.com - May 4 at 5:31 PM
|Golub Capital BDC, Inc. Declares Fiscal Year 2017 Third Quarter Distribution of $0.32 Per Share and Announces Fiscal Year 2017 Second Quarter Financial Results|
finance.yahoo.com - May 4 at 5:31 PM
|Golub Capital BDC (GBDC) Earning Positive Media Coverage, Analysis Finds|
www.americanbankingnews.com - May 4 at 1:11 AM
|Golub Capital BDC (GBDC) Receives News Sentiment Rating of 0.02|
www.americanbankingnews.com - April 30 at 4:11 PM
| Brokerages Expect Golub Capital BDC Inc (GBDC) Will Post Quarterly Sales of $35.29 Million|
www.americanbankingnews.com - April 28 at 2:40 PM
|Golub Capital BDC (GBDC) Receives Coverage Optimism Score of 0.28|
www.americanbankingnews.com - April 28 at 12:54 AM
| Brokerages Expect Golub Capital BDC Inc (GBDC) Will Post Earnings of $0.31 Per Share|
www.americanbankingnews.com - April 26 at 10:32 PM
|Golub Capital BDC (GBDC) Getting Somewhat Negative Press Coverage, Study Finds|
www.americanbankingnews.com - April 23 at 9:05 AM
|Golub Capital BDC (GBDC) Receiving Positive Media Coverage, Analysis Finds|
www.americanbankingnews.com - April 20 at 5:12 PM
|Golub Capital BDC (GBDC) Earning Somewhat Favorable Media Coverage, Analysis Shows|
www.americanbankingnews.com - April 17 at 3:18 PM
Golub Capital BDC (GBDC) Chart for Friday, August, 18, 2017