Golub Capital BDC, Inc. (GBDC)
Summary
GBDC Chart
People also search for
Golub Capital: 100% Coverage, Rising Non-Accruals, Rate Risk
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: Weaker Financials But Continue To Hold
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.
Golub Capital BDC (GBDC) Q2 Earnings and Revenues Miss Estimates
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 $0.39 per share a year ago.
Golub Capital BDC, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 500 | $7,550 | $6,617.5 | -$932.5 | -12.35% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 50 | $633 | $662.75 | $29.75 | 4.7% |
 Colton Groome Financial Advisors LLC Colton Groome Financial Advisors LLC | 12,089 | $174,507.59 | $160,300.14 | -$14,207.45 | -8.14% |
 Daniel Russell Naviter Wealth LLC | 255,997 | $3.89M | $3.39M | -$492,978.64 | -12.69% |
| YA Yinka Akinsola Blue Trust Inc. | 5,542 | $82,804.7 | $73,459.21 | -$9,345.49 | -11.29% |
Golub Capital BDC, Inc. (GBDC) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Golub Capital BDC, Inc. ever had a stock split?
Golub Capital BDC, Inc. Profile
| Capital Markets Industry | Financials Sector | David Golub CEO | NASDAQ (NGS) Exchange | 38173M102 CUSIP |
| US Country | 875 Employees | 29 Jun 2026 Last Dividend | 13 Apr 2020 Last Split | 15 Apr 2010 IPO Date |
Overview
Golub Capital BDC, Inc. (GBDC) operates as a business development company (BDC), focusing on providing debt and minority equity investments to middle-market companies typically backed by private equity investors. As an externally managed, closed-end, non-diversified management investment company, GBDC's investment strategy is tailored to support the growth and operational needs of these companies. GBDC primarily targets businesses across various sectors such as consumer services, healthcare, IT, and specialty retail, among others, predominantly within the United States.
Products and Services
- First Lien Traditional Senior Debt: These are debt instruments that hold the highest priority on a borrower's assets, providing GBDC with security in the form of a first claim on any payments or in the event of bankruptcy.
- First Lien One Stop: This is a flexible financing solution that combines the characteristics of senior and subordinated debt, designed to simplify the capital structure and ease the funding process for middle-market companies.
- Junior Debt and Equity: GBDC invests in subordinated debt or takes minority equity positions in companies, seeking to capitalize on higher yield opportunities while supporting the growth or operational initiatives of these firms.
- Senior Secured, One Stop, Unitranche: These investment options blend senior and junior debt into a single layer of financing, offering a simplified capital solution to businesses with tailored repayment profiles and risk-adjusted returns for GBDC.
- Second Lien: Loans positioned below first lien traditional senior debt in the priority of repayment but above unsecured debt, giving GBDC an intermediate level of security and potentially higher yields than senior debt.
- Subordinated and Mezzanine Loans: Typically unsecured and with lower priority in case of liquidation, these loans offer GBDC higher interest rates in exchange for taking on more risk compared to secured loans.
- Warrants: These are financial instruments that give GBDC the right, but not the obligation, to buy equity in the companies it invests in at a pre-agreed price, offering a potential upside beyond interest or dividend income.
