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
Current SymbolNASDAQ:GBDC
Previous Symbol
CUSIP38173M10
Phone212-750-6060
Debt
Debt-to-Equity Ratio0.87
Current Ratio2.19
Quick Ratio2.19
Price-To-Earnings
Trailing P/E Ratio13.42
Forward P/E Ratio13.32
P/E Growth6.64
Sales & Book Value
Annual Sales$152.17 million
Price / Sales6.84
Cash Flow$1.1617 per share
Price / Cash Flow14.90
Book Value$16.15 per share
Price / Book1.07
Profitability
EPS (Most Recent Fiscal Year)$1.29
Net Income$81.97 million
Net Margins53.87%
Return on Equity8.02%
Return on Assets4.22%
Miscellaneous
EmployeesN/A
Outstanding Shares60,170,000
Market Cap$1.04 billion
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 Thursday, November 29th. Shareholders of record on Wednesday, December 12th will be paid a dividend of $0.32 per share on Friday, December 28th. This represents a $1.28 annualized dividend and a yield of 7.39%. The ex-dividend date of this dividend is Tuesday, December 11th. 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, November, 28th. The investment management company reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. The investment management company earned $40.40 million during the quarter, compared to analyst estimates of $38.74 million. Golub Capital BDC had a return on equity of 8.02% and a net margin of 53.87%. Golub Capital BDC's revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 brokerages have issued 1 year price targets for Golub Capital BDC's stock. Their forecasts range from $22.00 to $22.00. On average, they expect Golub Capital BDC's stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 27.1% 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. " (12/3/2018)
- 2. National Securities analysts commented, " GBDC posted core NII/share of $0.32 for F4Q18, matching our estimate and the quarterly dividend. With taxable income being in excess of NII, GBDC also declared a $0.12/share special dividend for the 12/31/18 quarter on top of the $0.32/share regular dividend.
The big news of the earnings release was that GBDC will seek to merge with its nontraded BDC Golub Capital Investment Corporation (GCIC). The proposed merger terms would give GCIC shareholders 0.865 shares of GBDC for each share of GCIC. The transaction is expected to close in calendar 1H19 and would make GBDC the fourth largest public BDC.
Looking at each company’s NAV/share at 9/30/18, accretion to GBDC would be about 3.6%. However, we model the accretion for the 6/30/18 quarter to be modestly higher at 3.7%. The quarter after the closing of the merger, the Board intends to bump up the quarterly dividend by a penny per share barring any major unfavorable change in market conditions.
It is worth noting that the two companies are very similar and have a 96% overlap. Even the SLF of each firm is both with RGA and thus it is likely the SLFs of both companies could be rolled up into one in a seamless fashion.
Golub is also seeking to reduce its asset coverage to 150% from 200% currently although we do not expect the company to go beyond 1.00x on a regulatory basis but rather use this as a means of more flexibility and cushion.
We are increasing our fiscal 2019 core NII/share estimate to $1.32 from $1.29 and rolling out our fiscal 2020 core NII/share estimate of $1.34 and maintaining our BUY rating and increasing our price target to $22 from $21." (11/30/2018)
Has Golub Capital BDC been receiving favorable news coverage?
News stories about GBDC stock have been trending somewhat positive on Monday, InfoTrie reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Golub Capital BDC earned a coverage optimism score of 1.0 on InfoTrie's scale. They also gave news articles about the investment management company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
Are investors shorting Golub Capital BDC?
Golub Capital BDC saw a increase in short interest during the month of November. As of November 30th, there was short interest totalling 845,393 shares, an increase of 50.4% from the November 15th total of 562,269 shares. Based on an average trading volume of 191,034 shares, the days-to-cover ratio is presently 4.4 days. Currently, 1.4% of the company's shares are short sold. 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 Investment (PNNT), Pennantpark Floating Rate Capital (PFLT), Capital Southwest (CSWC), Gladstone Investment (GAIN), Triplepoint Venture Growth BDC (TPVG), Arlington Asset Investment (AI), Oaktree Strategic Income (OCSI), THL Credit (TCRD), Stellus Capital Investment (SCM), Safeguard Scientifics (SFE), OFS Capital (OFS) and Capitala Finance (CPTA).
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 many different of retail and institutional investors. Top institutional investors include Wells Fargo & Company MN (2.65%), Schroder Investment Management Group (1.87%), Frontier Investment Mgmt Co. (1.75%), Muzinich & Co. Inc. (1.39%), Sound Income Strategies LLC (0.95%) and Clearbridge Investments LLC (0.86%). 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 institutional 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, Wells Fargo & Company MN, Muzinich & Co. Inc., CNO Financial Group Inc., Clearbridge Investments LLC, Morgan Stanley, Citadel Advisors LLC and Advisors Asset Management Inc.. View Insider Buying and Selling for Golub Capital BDC.
Which institutional investors are buying Golub Capital BDC stock?
GBDC stock was purchased by a variety of institutional investors in the last quarter, including Biltmore Family Office LLC, Frontier Investment Mgmt Co., Cliffwater LLC, Sound Income Strategies LLC, Massey Quick Simon & CO. LLC, First Republic Investment Management Inc., GSA Capital Partners LLP and Pekin Singer Strauss Asset Management IL. 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 $17.31.
How big of a company is Golub Capital BDC?
Golub Capital BDC has a market capitalization of $1.04 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.
