Golub Capital BDC Inc (ticker: GBDC) is a prominent business development company dedicated to delivering tailored financing solutions for middle-market enterprises, which play a crucial role in the economy. Since its inception in 2001 and subsequent public listing in 2013, GBDC has strategically focused on investing in senior secured loans to cultivate a well-diversified investment portfolio that aims to generate attractive risk-adjusted returns. The company leverages its extensive industry expertise and stringent credit risk management practices to support the growth of its portfolio companies effectively. For institutional investors seeking to diversify their portfolios with a dependable alternative investment, Golub Capital presents a compelling opportunity backed by its strong operational framework and commitment to sustained financial performance.
| Revenue (TTM) | $800.71M |
| Gross Profit (TTM) | $800.71M |
| EBITDA | — |
| Operating Margin | 77.90% |
| Return on Equity | 4.46% |
| Return on Assets | 4.45% |
| Revenue/Share (TTM) | $3.04 |
| Book Value | $14.25 |
| Price-to-Book | 0.91 |
| Price-to-Sales (TTM) | 4.13 |
| EV/Revenue | 38.8 |
| EV/EBITDA | 18.93 |
| Quarterly Earnings Growth (YoY) | -35.10% |
| Quarterly Revenue Growth (YoY) | -14.00% |
| Shares Outstanding | $259.65M |
| Float | 0 |
| % Insiders | 1.40% |
| % Institutions | 50.16% |
Volatility is currently expanding
Altria Group, Golub Capital, Alliance Resource Partners and Barings offer attractive shareholder yields amid the US market selloff. Here's why they stand out.
Every so often, the market hands investors high-yielding opportunities on a platter after throwing out the baby with the bathwater. I detail why I think there are certain BDCs that this applies to right now. I discuss the specifics of what I am looking for as well as some of my top picks of the moment.
Golub Capital Corp (GBDC) maintains a conservative underwriting approach, funding only 1.5% of reviewed deals with a portfolio dominated by first lien senior debt. Non-accruals have risen from 1.2% to 2.9% at cost over the past year, but most unrealized losses are expected to reverse, limiting near-term NAV pressure. GBDC's net investment spread has tightened due to increased competition, but a slowdown in private credit inflows may help stabilize or widen spreads going forward.
Default rates are hitting recent highs, and internal reviews of loan health point to tougher times ahead, a WSJ analysis shows.
Golub Capital BDC remains a 'Hold' due to persistent non-accrual increases and a razor-thin dividend coverage ratio. GBDC's 100% dividend coverage offers no safety margin; a second dividend cut in 2026 is increasingly likely if current trends persist. Portfolio value declined 8.5% year-over-year, with non-accruals rising to 1.9% at fair value, exacerbating dividend risk.
Golub Capital BDC (GBDC) Q3 2026 Earnings Call Transcript
Golub Capital BDC NASDAQ: GBDC reported improved fiscal third-quarter results for the period ended June 30, 2026, as lower realized and unrealized losses offset continued credit stress across the direct-lending market.
Business development companies (BDCs) remain one of the most efficient income vehicles in public markets, and August is shaping up to be a constructive month to lean into the space.
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.
Tiblio connects your broker and runs your put-and-call-writing strategy for you — on GBDC and any ticker you trade — then tracks every position and per-strategy win rate.
