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: $19.41
- 200 Day Moving Avg: $19.42
- 52 Week Range: $17.34 - $20.50
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 15.31
- P/E Growth: 1.57
- Annual Dividend: $1.28
- Dividend Yield: 6.5%
- Net Margins: 55.30%
- Return on Equity: 7.67%
- Return on Assets: 3.80%
- Debt-to-Equity Ratio: 0.95%
- Current Ratio: 2.69%
- Quick Ratio: 2.69%
- Average Volume: 254,292 shs.
- Beta: 0.68
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 Friday, May 5th. Shareholders of record on Tuesday, June 6th will be given a dividend of $0.32 per share on Thursday, June 29th. This represents a $1.28 annualized dividend and a yield of 6.53%. The ex-dividend date of this dividend is Friday, June 2nd. 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 data on Thursday, May, 4th. The company reported $0.32 EPS for the quarter, hitting analysts' consensus estimates of $0.32. The company had revenue of $33.56 million for the quarter, compared to analysts' expectations of $35.66 million. Golub Capital BDC had a return on equity of 7.67% and a net margin of 55.30%. Golub Capital BDC's quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $0.33 earnings per share. 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 equities research analysts have issued twelve-month price targets for Golub Capital BDC's shares. Their predictions range from $18.00 to $19.50. On average, they expect Golub Capital BDC's stock price to reach $18.88 in the next year. 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, "• GBDC offered 1.75 million shares at $19.30, representing a 22% premium to 3/31/17 NAV/share of $15.88. The company also included a 263,500 share green shoe which we anticipate will be exercised in full. In April, Golub successfully completed a 1.75 million share offering with the same 263,500 share overallotment option. Using this overallotment carrying over into the 6/30/17 quarter and the June raise overallotment carrying over into the 9/30/17 quarter, we expect total net proceeds from equity issuance of $36.8 million in fiscal 3Q17 and $4.8 million in fiscal 4Q17.
• Despite a portfolio in GBDC of over $1.7 billion at fair value and $18 billion in AUM across the total Golub platform, the company has exercised admirable conservatism in raising equity. When factoring in the consistently high and well-deserved (in our opinion) NAV/share premium GBDC trades at, this becomes all the more impressive as the equity is truly issued on a “just-in-time” basis with no lag on capital deployment and thus earnings. While we continue to expect more of the same in terms of very strong asset quality and increasing NAV/share, we do not anticipate earnings growth given relatively low returns on invested capital (ROIC) for the company’s investments.
• We are maintaining both our fiscal 2017 core NII/share estimate of $1.26 and our fiscal 2018 core NII/share estimate of $1.28." (6/12/2017)
- 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)
Are investors shorting Golub Capital BDC?
Golub Capital BDC saw a decline in short interest in June. As of June 15th, there was short interest totalling 416,580 shares, a decline of 51.1% from the May 31st total of 852,321 shares. Based on an average trading volume of 425,473 shares, the short-interest ratio is presently 1.0 days. Currently, 0.7% of the company's shares are sold short.
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), Apollo Investment Corporation (AINV), TPG Specialty Lending (TSLX), Hercules Capital (HTGC), New Mountain Finance Corporation (NMFC), TCP Capital Corp. (TCPC), Solar Capital (SLRC), Triangle Capital Corporation (TCAP), Ithaca Energy (IAE), BlackRock Capital Investment Corporation (BKCC), PennantPark Investment Corporation (PNNT), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL), MFS Charter Income Trust (MCR), Fidus Investment Corporation (FDUS), Eagle Point Credit Company (ECC) and Medley Capital Corporation (MCC).
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 shareholders include Confluence Investment Management LLC (0.00%), Bank of Montreal Can (0.00%), Neville Rodie & Shaw Inc. (0.00%), Advisors Capital Management LLC (0.00%), Evanson Asset Management LLC (0.00%) and Atria Investments 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 Confluence Investment Management LLC, Advisors Capital Management LLC and Neville Rodie & Shaw Inc.. Company insiders that have sold Golub Capital BDC stock in the last year include David Golub and John Thomas Baily. View Insider Buying and Selling for Golub Capital BDC.
Who bought Golub Capital BDC stock? Who is buying Golub Capital BDC stock?
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 $19.60.
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: ||$18.88 (3.70% downside)|
Analysts' Ratings History for Golub Capital BDC (NASDAQ:GBDC)
(Data available from 7/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/12/2017||National Securities||Reiterated Rating||Neutral||$19.00||Low|
|5/10/2017||Raymond James Financial, Inc.||Reiterated Rating||Outperform -> Market Perform||High|
|3/21/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$19.00||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|
|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)
|Most Recent Dividend:||6/29/2017|
|Payout Ratio:||93.43% (Trailing 12 Months of Earnings) |
102.40% (Based on This Year's Estimates)
100.00% (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: 45.18%
(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 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) Receiving Favorable Press Coverage, Study Shows|
www.americanbankingnews.com - April 15 at 12:45 AM
|National Securities Increases Golub Capital BDC Inc (GBDC) Price Target to $19.00|
www.americanbankingnews.com - April 13 at 9:14 AM
|Golub Capital BDC Inc (GBDC) Stock Rating Upgraded by Zacks Investment Research|
www.americanbankingnews.com - April 12 at 6:59 PM
|Five BDCs With Rising Short Activity|
www.forbes.com - April 12 at 5:24 PM
|Golub Capital BDC, Inc. Schedules Release of Fiscal Year 2017 Second Quarter Results|
finance.yahoo.com - April 10 at 5:07 PM
|Golub Capital BDC, Inc. Announces $97.1 Million In New Middle-Market Originations For Its Fiscal Year 2017 Second Quarter|
finance.yahoo.com - April 10 at 11:26 AM
|Golub Capital BDC Inc (GBDC) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - April 10 at 10:40 AM
|Golub Capital BDC Inc (GBDC) Expected to Announce Quarterly Sales of $35.29 Million|
www.americanbankingnews.com - April 7 at 8:31 PM
|Zacks: Brokerages Expect Golub Capital BDC Inc (GBDC) to Announce $0.31 Earnings Per Share|
www.americanbankingnews.com - April 5 at 5:19 PM
|Golub Capital BDC Inc (GBDC) Upgraded by Raymond James Financial, Inc. to Outperform|
www.americanbankingnews.com - March 27 at 9:26 AM
|Golub Capital BDC Inc (GBDC) Receives "Hold" Rating from Keefe, Bruyette & Woods|
www.americanbankingnews.com - March 25 at 8:22 PM
|BRIEF-Golub Capital BDC prices offering of 1,750,000 shares of common stock|
www.reuters.com - March 21 at 5:31 PM
|Golub Capital BDC, Inc. Prices Public Offering Of 1,750,000 Shares Of Common Stock|
us.rd.yahoo.com - March 21 at 5:31 PM
|After-Hours Stock Movers 03/20: (MGT) Higher; (PAY) (LULU) (PQ) Lower (more...)|
www.streetinsider.com - March 21 at 8:50 AM
Golub Capital BDC (GBDC) Chart for Monday, July, 24, 2017