3 Great High-Yield Stocks Courtesy Of The Most Important Financial Event Of 1990
One of the most critical events in the history of finance happened back in 1990. It was the culmination of a transformative two-decade journey that forever changed the way companies are financed.
Golub Capital: 11% Yield And Cheap (Upgrade)
Golub Capital BDC out-earned its base dividend with net investment income in 3Q24, post-merger with Golub Capital BDC 3. The stock offers an attractive 11% yield, solid credit quality, and is selling at a compelling net asset value multiple. Portfolio quality remains strong post-merger, with a 5% discount to NAV making it a buy for passive income investors.
Golub Capital BDC (GBDC) Q3 2024 Earnings Call Transcript
Golub Capital BDC (NASDAQ:GBDC ) Q3 2024 Earnings Conference Call August 6, 2024 11:00 AM ET Company Participants David Golub - Chief Executive Officer Matt Benton - Chief Operating Officer Chris Ericson - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Finian O'Shea - Wells Fargo Paul Johnson - KBW Operator Hello everyone, and welcome to GBDC's Earnings Call for the Fiscal Quarter ended June 30, 2024. Before we begin, I'd like to take a moment to remind our listeners, that remarks made during this call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Golub Capital BDC (GBDC) Q3 Earnings and Revenues Miss Estimates
Golub Capital BDC (GBDC) came out with quarterly earnings of $0.48 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.44 per share a year ago.
Golub Capital: Price Drop Brings This Into Buy Zone (Rating Upgrade)
Golub Capital operates as a business development company that generates earnings through debt investments to middle market companies. Golub Capital's price fell by nearly 5% over the last week. This price retraction has increased the valuation appeal. GBDC offers a strong portfolio of debt investments, high dividend yield of 10.6%, and potential for growth despite lower interest rates.
Golub Capital: Buy The Dip On This 10% Yield
Diversification is key for income investors, and BDCs offer a professionally managed portfolio of loans across different sectors. Golub Capital presents a buy-the-dip opportunity with strong operating fundamentals, high dividend coverage, and potential for market-beating returns with special dividends. GBDC is well-positioned with a conservatively managed portfolio and a more favorable fee structure toward shareholders.
Golub Capital: 11% Yield And Upside Related To Merger Transaction
The merger between Golub Capital BDC and Golub Capital BDC 3 creates a larger investment company with lower costs and growth potential. Golub Capital maintains a distinct first lien strategy, with the majority of investments in traditional first lien originations. Golub Capital said it will lower incentive fees, which are set to add to the BDC's NII.
2 SBIC & Commercial Finance Stocks to Buy Despite Industry Woes
Weak asset quality, high rates and macroeconomic woes are likely to hurt Zacks SBIC & Commercial Finance industry players like Golub Capital (GBDC) and Crescent Capital (CCAP). Yet, decent financing demand across sectors is likely to aid.
Are Finance Stocks Lagging Golub Capital BDC (GBDC) This Year?
Here is how Golub Capital BDC (GBDC) and Green Brick Partners (GRBK) have performed compared to their sector so far this year.
Golub Capital: 11% Yield And Merger Catalyst
Golub Capital BDC is selling at a reasonable 8% premium to net asset value, considering its strong dividend coverage and growth in net investment income. The company announced a merger with another BDC, which will improve its scale and fee structure. Golub Capital BDC has robust dividend coverage and has consistently paid special dividends, making it an attractive option for passive income investors.
GBDC: New Fee Structure And Resilient Portfolio Drive Rerating
Golub Capital BDC reported a good quarterly result with a 3.8% total NAV return and a slight rise in net income. The company's loan portfolio is well-diversified with over 300 positions, targeting primarily floating-rate first-lien loans in sectors such as software and healthcare. GBDC's recent performance has been strong, outperforming BDCs in coverage in 5 of the last 6 quarters.
