GBDC - Golub Capital BDC, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
18.40
-0.07 (-0.38%)
At close: 4:00PM EST

18.40 0.00 (0.00%)
After hours: 4:08PM EST

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Previous Close18.47
Open18.44
Bid18.41 x 3100
Ask18.46 x 1800
Day's Range18.16 - 18.48
52 Week Range17.00 - 19.14
Volume711,281
Avg. Volume598,547
Market Cap2.462B
Beta (5Y Monthly)0.61
PE Ratio (TTM)149.59
EPS (TTM)0.12
Earnings DateMay 05, 2020 - May 10, 2020
Forward Dividend & Yield1.32 (7.15%)
Ex-Dividend DateMar 04, 2020
1y Target Est19.33
  • Reuters

    Rise in private credit leads to boost in unitranche loans

    Years of sustained private debt fundraising and the growth of credit funds have allowed direct lenders to offer loans that are increasingly growing larger in size. Known as unitranches, these facilities combine different loans into one, and pay an interest rate that sits in between the highest and lowest rate on the individual loans. As a borrowing tool in the middle market, unitranches had stayed below the US$300m mark.

  • Reuters

    Auto-cures casts shadow over private debt market

    A provision that loosens restrictions on a private equity-owned company’s ability to remedy an event of default is raising concerns among many in the private debt market. It is an addition to documentation highlighting the continued weakening of lenders’ protections. Auto-cures allow private equity sponsors to put more capital into a company in the event of a default outside the traditional default cure period.

  • Bloomberg

    Private Lenders Hit Hot High-Grade Market to Cut Borrowing Costs

    (Bloomberg) -- Private credit lenders are turning into borrowers as they seek to manage their own debt loads.In recent weeks, private lenders to mid-sized companies including Ares Capital Corp. and Goldman Sachs BDC Inc. have tapped the U.S. investment-grade bond market to refinance their own debt loads. Such transactions can give the vehicles, called business development companies, a cheap source of funding to deploy into the $800 billion private credit market.BDCs have already sold $2 billion of investment-grade debt this year, according to data compiled by Bloomberg, after issuing about $3 billion of the notes in all of 2019.The vehicles’ renewed interest in investment-grade debt comes amid a wave of opportunistic refinancing, as borrowing costs have rarely been cheaper. The average high-grade company paid an interest rate of 2.59% Tuesday, hovering near the all-time low.Most of the BDCs selling debt now are doing so to pay down revolvers, effectively swapping their credit lines for longer-term unsecured bonds. By locking in low rates, the BDCs can turn around and use that funding to provide capital at higher costs to companies too small to tap the syndicated debt markets themselves.Strong investor demand and BDCs’ desire to lock in low interest rates mean the issuance wave could continue, said Chelsea Richardson, associate director of non-bank financial institutions at Fitch Ratings.“We’ll continue to see additional firms that haven’t accessed the market in a while or want to continue to diversify their funding sources go to the unsecured debt markets this year,” Richardson said.One BDC that may follow suit is Golub Capital BDC Inc., which is “actively looking” at the bond market and other potential strategies for improving its balance sheet, chief executive officer David Golub said in a recent earnings call.Golub Capital BDC, which recently combined with a related vehicle to form a $4.6 billion BDC, may find the bond market more receptive to its larger size. “All things equal, larger BDCs are able to obtain a lower cost of debt within the institutional market,” Raymond James analyst Robert Dodd wrote in a report last week.Representatives for Ares Capital, Goldman Sachs BDC and Golub declined to comment.Fitch views the move to unsecured debt as a plus for the BDCs because the vehicles gain flexibility when they have fewer assets pledged as debt collateral. But Richardson said the credit grader is still watching the space closely given the industry’s cutthroat competition and trend toward riskier loans.“We do continue to have a negative outlook on BDCs, driven by the competitive market dynamics in middle market lending,” Richardson said.\--With assistance from Brian Smith.To contact the reporter on this story: Kelsey Butler in New York at kbutler55@bloomberg.netTo contact the editors responsible for this story: Natalie Harrison at nharrison73@bloomberg.net, Claire Boston, Molly SmithFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of GBDC earnings conference call or presentation 11-Feb-20 3:30pm GMT

    Q1 2020 Golub Capital BDC Inc Earnings Call

  • Restaurant Brands (QSR) Q4 Earnings and Revenues Surpass Estimates
    Zacks

    Restaurant Brands (QSR) Q4 Earnings and Revenues Surpass Estimates

    Restaurant Brands (QSR) delivered earnings and revenue surprises of 2.74% and 1.26%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • PR Newswire

    Golub Capital BDC, Inc. Declares Fiscal Year 2020 Second Quarter Distribution of $0.33 Per Share and Announces Fiscal Year 2020 First Quarter Financial Results

    Golub Capital BDC, Inc., a business development company (Nasdaq: GBDC), today announced its financial results for its first fiscal quarter ended December 31, 2019.

  • Prospects Look Gloomy for SBIC & Commercial Finance Industry
    Zacks

    Prospects Look Gloomy for SBIC & Commercial Finance Industry

    Prospects Look Gloomy for SBIC & Commercial Finance Industry

  • Golub Capital BDC (GBDC) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

    Golub Capital BDC (GBDC) Reports Next Week: Wall Street Expects Earnings Growth

    Golub Capital BDC (GBDC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • PR Newswire

    Golub Capital BDC, Inc. Schedules Release of Fiscal Year 2020 First Quarter Results

    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 December 31, 2019 on Monday, February 10, 2020 before the open of the financial markets.

  • PR Newswire

    Golub Capital BDC, Inc. Announces $271.1 Million In New Middle-Market Originations For Its Fiscal Year 2020 First Quarter

    Golub Capital BDC, Inc. ("GBDC") (Nasdaq: GBDC, www.golubcapitalbdc.com), a business development company, today announced that it originated $271.1 million in new middle-market investment commitments during the three months ended December 31, 2019. Approximately 95% of the new middle-market investment commitments were one stop loans, 4% were senior secured loans and 1% were equity securities. Of the new middle-market investment commitments, $257.6 million funded at close.

  • MoneyShow

    Invest like the "Super Rich"

    Study after study has shown that private-equity funds -- as well as venture capital and hedge funds -- have delivered some of the fattest returns on the planet.

  • Thomson Reuters StreetEvents

    Edited Transcript of GBDC earnings conference call or presentation 26-Nov-19 7:30pm GMT

    Q4 2019 Golub Capital BDC Inc Earnings Call

  • Here is What Hedge Funds Think About Golub Capital BDC Inc (GBDC)
    Insider Monkey

    Here is What Hedge Funds Think About Golub Capital BDC Inc (GBDC)

    "Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]

  • ACCESSWIRE

    Golub Capital BDC, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / November 26, 2019 / Golub Capital BDC, Inc. (NASDAQ: GBDC ) will be discussing their earnings results in their 2019 Fourth Quarter Earnings to be held on November 26, 2019 at ...

  • Golub Capital BDC (GBDC) Q4 Earnings Surpass Estimates
    Zacks

    Golub Capital BDC (GBDC) Q4 Earnings Surpass Estimates

    Golub Capital BDC (GBDC) delivered earnings and revenue surprises of 9.38% and -7.98%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • 3 Reasonably Priced Stocks for the Value Investor
    GuruFocus.com

    3 Reasonably Priced Stocks for the Value Investor

    Hitachi tops the list Continue reading...

  • Golub Capital BDC (GBDC) Q4 Earnings Preview: What's in the Cards?
    Zacks

    Golub Capital BDC (GBDC) Q4 Earnings Preview: What's in the Cards?

    Golub Capital BDC (GBDC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Is Golub Capital BDC Inc (GBDC) A Good Stock To Buy ?
    Insider Monkey

    Is Golub Capital BDC Inc (GBDC) A Good Stock To Buy ?

    It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]

  • PR Newswire

    Golub Capital BDC, Inc. Schedules Release of Fiscal Year 2019 Fourth Quarter Results

    NEW YORK , Oct. 10, 2019 /PRNewswire/ -- Golub Capital BDC, Inc., a business development company (NASDAQ: GBDC, www.golubcapitalbdc.com ), announced today that it will report its financial results for ...

  • PR Newswire

    Golub Capital BDC, Inc. Announces $130.4 Million In New Middle-Market Originations For Its Fiscal Year 2019 Fourth Quarter

    NEW YORK , Oct. 9, 2019 /PRNewswire/ --   Golub Capital BDC, Inc. ("GBDC") (NASDAQ: GBDC, www.golubcapitalbdc.com ), a business development company, today announced that it originated $130.4 ...

  • PR Newswire

    Golub Capital BDC, Inc. Closes Merger with Golub Capital Investment Corporation

    NEW YORK , Sept. 16, 2019 /PRNewswire/ -- Golub Capital BDC, Inc. ("GBDC" or the "Company") (NASDAQ: GBDC, www.golubcapitalbdc.com ) announced today that it has completed its previously ...

  • PR Newswire

    Golub Capital BDC, Inc. Announces Stockholder Approval of Proposed Merger With Golub Capital Investment Corporation

    NEW YORK, Sept. 4, 2019 /PRNewswire/ -- Golub Capital BDC, Inc. ("GBDC" or the "Company") (NASDAQ: GBDC, www.golubcapitalbdc.com) announced today that it obtained stockholder approval of the proposals related to its merger with Golub Capital Investment Corporation ("GCIC") at a special meeting of the Company's stockholders on September 4, 2019. Over 96% of GBDC stockholders who voted at the meeting voted in favor of the proposals related to effecting the proposed merger, including the approval of the new investment advisory agreement to be effective upon closing of the merger, each as described in the Company's proxy statement.

  • Thomson Reuters StreetEvents

    Edited Transcript of GBDC earnings conference call or presentation 8-Aug-19 7:30pm GMT

    Q3 2019 Golub Capital BDC Inc Earnings Call

  • 10 BDCs to Buy for Big-Time Income
    Kiplinger

    10 BDCs to Buy for Big-Time Income

    The market for business development companies (BDCs) just got a little more institutional.For those of you unfamiliar with BDCs, here's a quick primer. Business development companies provide firms with debt and equity capital, or a combination of the two, to help them grow. They first came to be in 1980 when Congress passed an amendment to the Investment Act of 1940 that created a new category of closed-end investment company: BDCs.For tax purposes, BDCs must pay out 90% or more of their taxable income in the form of dividends so they can retain the tax benefits of regulated investment companies.BDCs have become popular with retail investors over the past decade because of the significant income they generate. These companies often yield more than 8% on their distributions.Consider this: BDC Owl Rock Capital Corporation (ORCC) sold 10 million shares to investors during its initial public offering on July 18, 2019. This IPO is important because Owl Rock Capital Partners, who operate the BDC, founded it in 2016 with the sole purpose of meeting the needs of institutional investors. Since its founding three years ago, Owl Rock has raised more than $5.5 billion from pension funds, university endowments, family offices and other high-net-worth investment vehicles. And when institutional-caliber investors get involved, it's time to take notice.Here are 10 BDCs to consider for your investment portfolio. Just remember: Their uber-high yields come with some measure of risk. Many use debt leverage to generate their strong returns, which is risky in the first place and adds interest-rate risk into the picture. Also, the companies they invest in typically have a higher chance of default than larger corporations. But for those willing to take the risks, these 10 BDCs yield between 5.7% and 10.9%. SEE ALSO: 33 Ways to Get Higher Yields (Up to 12%!)

  • Golub Capital BDC Inc (GBDC) Q3 2019 Earnings Call Transcript
    Motley Fool

    Golub Capital BDC Inc (GBDC) Q3 2019 Earnings Call Transcript

    GBDC earnings call for the period ending June 30, 2019.