GBDC - Golub Capital BDC, Inc.
AlTi Global Inc. bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ: GBDC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 96,554 shares of the investment management company's stock, valued at approximately $1,222,000. Several other
NEW YORK--(BUSINESS WIRE)--Golub Capital BDC, Inc., a business development company (NASDAQ: GBDC, www.golubcapitalbdc.com) (“GBDC”), announced today that it will report its financial results for the quarter ended June 30, 2026 on Monday, August 3, 2026 after the close of the financial markets. Golub Capital BDC, Inc. will host an earnings conference call at 10:00 a.m. (Eastern Time) on Tuesday, August 4, 2026 to discuss its quarterly financial results. All interested parties may register to par.
There is a principle I have followed for 30 years in this business. When the smartest credit team on the planet starts aggressively buying a beaten-down asset class they understand better than anyone alive, you do not sit on your hands and debate whether the timing is perfect.
NEW YORK--(BUSINESS WIRE)--Golub Capital BDC, Inc. (the “Company,” “we,” “us” or “our”), a business development company (Nasdaq: GBDC), announced that it has priced an underwritten public offering of $500 million in aggregate principal amount of 6.250% notes due 2031 (the “Notes”). The Notes will mature on June 1, 2031 and may be redeemed in whole or in part at the Company's option at any time prior to May 1, 2031, at par plus a “make-whole” premium, and thereafter at par. Wells Fargo Securitie.
Income-focused investors comparing high-yield options to mainstream dividend funds encounter a familiar gap.
The BDC sector has been hit hard since July 2025. However, I think the tide may be about to turn with a bright future ahead for some companies in the sector. I share which BDC names I think are poised to outperform moving forward.
More than 1,500 stocks have reported earnings since the current season began in mid-April, and the average stock that has reported has seen an average absolute one-day share price reaction of roughly 7%. The last time we saw earnings vol spike was during the Financial Crisis bear market, when stocks were tanking. This time around, we're seeing earnings vol increase during a strong AI-driven bull market. Tech stocks are seeing record earnings day volatility as investors and traders presumably make snap judgements about AI's future impact on the bottom line.
Golub Capital BDC cut its dividend by 15% in Q1 '26, improving dividend coverage to 100% in Q2 '26 amid portfolio contraction and rising non-accruals. GBDC's portfolio shrank 3.5% year-over-year, with interest income and net investment income declining 12% Y/Y and 13% Y/Y respectively, driven by high loan repayments and compressing yields. Non-accruals doubled year-over-year to 1.4% at fair value, but the BDC is not facing systematic underwriting failures in its SaaS portfolio.
Golub Capital BDC remains a Hold as portfolio quality deteriorates but largely tracks broader BDC sector trends. Nonaccrual loans rose to 1.4% (fair value), and PIK income increased to 9%, signaling some credit stress. GBDC's software exposure (26% of portfolio) is mostly first lien, with only 8% facing elevated AI disruption risk.
BDC sector Q1 2026 earnings reveal widespread NAV contractions, impacting both discounted and premium BDCs. Despite NAV declines and negative price reactions, these adjustments are logical and not a signal to exit the BDC space. Price-to-NAV ratios remain attractive, with several BDCs trading at significant discounts post-earnings.
Golub Capital BDC's portfolio has some weaknesses and sector risks, but I trust management's strong track record, especially in software lending. Non-accruals and underperforming assets have risen, with 2.2% of investments materially below expectations and spreads continuing to compress. Dividend coverage is tight. NII barely covers payouts, and another dividend cut may be possible if trends persist.
Golub Capital BDC (GBDC) Q2 2026 Earnings Call Transcript
Golub Capital BDC (GBDC) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.39 per share a year ago.
NEW YORK--(BUSINESS WIRE)--Golub Capital BDC, Inc., a business development company (Nasdaq: GBDC), today announced its financial results for its second fiscal quarter ended March 31, 2026. Except where the context suggests otherwise, the terms “we,” “us,” “our,” and “Company” refer to Golub Capital BDC, Inc. and its consolidated subsidiaries. “GC Advisors” refers to GC Advisors LLC, our investment adviser. SELECTED FINANCIAL HIGHLIGHTS (in thousands, except per share data) .
HB Wealth Management LLC reduced its holdings in shares of Golub Capital BDC, Inc. (NASDAQ: GBDC) by 50.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 123,645 shares of the investment management company's stock after selling 125,754 shares
NEW YORK--(BUSINESS WIRE)--Golub Capital BDC, Inc., a business development company (NASDAQ: GBDC, www.golubcapitalbdc.com), announced today that it will report its financial results for the quarter ended March 31, 2026 on Monday, May 4, 2026 after the close of the financial markets. Golub Capital BDC, Inc. will host an earnings conference call at 11:00 a.m. (Eastern Time) on Tuesday, May 5, 2026 to discuss its quarterly financial results. All interested parties may participate in the conference.
Golub Capital BDC (NASDAQ: GBDC - Get Free Report) and Runway Growth Finance (NASDAQ: RWAY - Get Free Report) are both finance companies, but which is the better stock? We will contrast the two companies based on the strength of their dividends, valuation, risk, institutional ownership, analyst recommendations, earnings and profitability. Institutional and Insider Ownership 42.4% of
March review of the RIG portfolio highlights 6 dividend raises and 2 cuts among 38 payers, with a forward yield of 6.3%. Key raises, include ENB (5.2%), WEC (6.7%), CVX (4.1%), HSY (6%), EQIX (10%), and SHEL (3.9%), with a Rose Recommendation given for owning each one. LYB and GBDC both cut dividends; LYB is recommended for exit due to poor earnings, while GBDC is held as a speculative buy.
Two popular BDCs offer sky-high yields and deep discounts to NAV after the recent sector-wide sell-off. One is a very attractive "Buy," while I am avoiding the other one. I detail how to sort the wheat from the chaff when analyzing deep value BDC opportunities like GBDC and FSK.
I see compelling value in floating-rate preferred shares and baby bonds, especially as credit spreads widen and many now trade at discounts to call value. Recent market volatility and higher interest rates have created attractive entry points in select REITs, BDCs, preferred shares, and baby bonds. I've allocated a significant portion of my portfolio to preferred shares and baby bonds in March 2026.