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
Stock Exchange NASDAQ
Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNASDAQ:GBDC
CUSIP38173M10
Phone212-750-6060
Debt
Debt-to-Equity Ratio0.90
Current Ratio2.22
Quick Ratio2.22
Price-To-Earnings
Trailing P/E Ratio14.60
Forward P/E Ratio14.37
P/E Growth7.06
Sales & Book Value
Annual Sales$137.76 million
Price / Sales7.95
Cash Flow$1.0773 per share
Price / Cash16.94
Book Value$16.11 per share
Price / Book1.13
Profitability
EPS (Most Recent Fiscal Year)$1.25
Net Income$82.28 million
Net Margins60.34%
Return on Equity7.92%
Return on Assets4.20%
Miscellaneous
EmployeesN/A
Outstanding Shares60,010,000
Market Cap$1.10 billion
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 7th. Shareholders of record on Friday, September 7th will be paid a dividend of $0.32 per share on Friday, September 28th. This represents a $1.28 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date is Thursday, September 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, August, 8th. The investment management company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by $0.01. The investment management company earned $38.40 million during the quarter, compared to analyst estimates of $36.81 million. Golub Capital BDC had a return on equity of 7.92% and a net margin of 60.34%. Golub Capital BDC's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. 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 brokerages have issued 12-month price targets for Golub Capital BDC's shares. Their predictions range from $21.00 to $21.00. On average, they expect Golub Capital BDC's share price to reach $21.00 in the next year. This suggests a possible upside of 15.1% 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. " (10/10/2018)
- 2. National Securities analysts commented, " For fiscal 3Q18 Golub earned core NII/share of $0.32, matching both our estimate and the quarterly dividend. We expect that earnings will be generally flat through fiscal 2019 as the company remains very disciplined in its approach to credit and funding costs are not low enough for current and expected yields on investments to improve NII/share meaningfully, as we see it.
The SLF shrunk again as the opportunity set for loans that typically go in the SLF was lackluster, even with a backup in yields and better terms in the BSL market. We tend to think the SLF will only experience any meaningful and sustained growth if there is credit market dislocation. Barring that, we do not foresee any scenario where management allocates any significant amount of capital to the SLF.
While the company has not yet gotten approval nor confirmed their intent to seek approval for reduced asset coverage, we think Golub would be one of the biggest beneficiaries increased balance sheet leverage given the safety of the portfolio and UMM focus. The loans Golub makes during the regular course of business are what many BDCs claim they want to invest in with higher available balance sheet leverage. The reduced asset coverage could make it feasible for Golub to simply bring the SLF loans on-balance sheet. However, for now we don’t think Golub will reduce asset coverage.
GBDC’s NAV/share increased to $16.15 from $16.11 the quarter prior and we project it will close fiscal 2018 at $16.20 and fiscal 2019 at $16.37 for economic returns of 9.2% and 9.0%, respectively.
We are maintaining both our fiscal 2018 core NII/share estimate of $1.29 and our fiscal 2019 core NII/share estimate of $1.29 and maintaining our BUY rating and $21 price target." (8/13/2018)
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), Tian Ge Interactive (TGRVF), New Mountain Finance (NMFC), PennantPark Investment (PNNT), Pennantpark Floating Rate Capital (PFLT), Gladstone Investment (GAIN), Capital Southwest (CSWC), THL Credit (TCRD), Oaktree Strategic Income (OCSI), Arlington Asset Investment (AI), Triplepoint Venture Growth BDC (TPVG), Stellus Capital Investment (SCM), Safeguard Scientifics (SFE) and OFS Capital (OFS).
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 56)
- Mr. Ross A. Teune, Treasurer & CFO (Age 50)
- Mr. Joshua M. Levinson, Co-Gen. Counsel and Chief Compliance Officer (Age 43)
- Mr. Andrew H. Steuerman, Sr. Managing Director of Golub Capital (Age 50)
- Mr. Gregory W. Cashman, Sr. Managing Director of Golub Capital (Age 53)
Who are Golub Capital BDC's major shareholders?
Golub Capital BDC's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Sound Income Strategies LLC (0.95%), Bank of Montreal Can (0.57%), Neville Rodie & Shaw Inc. (0.54%), Advisors Capital Management LLC (0.43%) and Sumitomo Mitsui Asset Management Company LTD (0.35%). Company insiders that own Golub Capital BDC stock include David Golub, John Thomas Baily and William M Iv Webster. 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 Bank of Montreal Can, Sumitomo Mitsui Asset Management Company LTD, Neville Rodie & Shaw Inc. and Advisors Capital Management LLC. View Insider Buying and Selling for Golub Capital BDC.
Which major investors are buying Golub Capital BDC stock?
GBDC stock was acquired by a variety of institutional investors in the last quarter, including Sound Income Strategies LLC. Company insiders that have bought Golub Capital BDC stock in the last two years include John Thomas Baily and William M Iv Webster. 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 $137.76 million in revenue each year. The investment management company earns $82.28 million in net income (profit) each year or $1.25 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.
