Golub Capital/$GBDC

1D1W1MYTD1Y5YMAX

About Golub Capital

Golub Capital BDC Inc. is an externally managed, closed-end, non-diversified management investment company. Its investment objective is to generate current income and capital appreciation by investing in senior secured and one-stop loans in U.S. middle-market companies. It also invests in second-lien and subordinated loans, warrants, and minority equity securities in U.S. middle-market companies. The company generally invests in securities rated below investment grade by independent rating agencies, or those that would be rated below investment grade if evaluated. The company operates in the USA, Canada, and other countries, with the majority of its revenue coming from the USA.
Ticker
$GBDC
Sector
Finance
Primary listing
NASDAQ
Employees
875
Headquarters
New York, United States
Website
www.golubcapitalbdc.com

Golub Capital Metrics

BasicAdvanced
$3.2B
19.10
$0.65
0.42
$1.44
10.59%

Bulls say / Bears say

Adjusted net investment income was $0.34 per share in the latest quarter, fully covering the $0.33 distribution. Income generation therefore remained resilient despite lower rates and credit-market volatility. (OTC Markets)
Credit quality remains a relative strength: 87% of the portfolio by fair value was in the two highest internal rating categories, while non-accruals were 1.9% of fair value. That gives GBDC a meaningful buffer if weaker borrowers continue to struggle. (OTC Markets)
The lending environment is becoming more favourable to lenders, with wider spreads and stronger deal terms reported on new transactions. Golub said new loans in the March quarter carried an average yield of 8.8%, up from 8.6%, which could support future returns as the portfolio turns over. (PitchBook)
NAV fell to $14.25 per share and adjusted net realised and unrealised losses were $0.12 per share in the latest quarter. The loss reflected markdowns and restructurings involving underperforming or non-accrual investments, with non-accrual positions rising to 20. (OTC Markets)
Lower rates are pressuring earnings power: Fitch reported that GBDC’s weighted-average investment yield fell to 9.7% from 10.9% a year earlier and warned that further rate cuts would be a headwind. The company also has $600 million of notes due in 2026, creating refinancing risk if funding markets weaken. (Fitch Ratings)
Software is GBDC’s largest industry exposure at 26% of the portfolio. Reuters reports that software loans have suffered disproportionate markdowns across BDCs as investors assess AI disruption and weaker borrower performance, leaving GBDC exposed to further valuation and credit losses. (Stock Analysis, Reuters)
Data summarised monthly by Lightyear AI. Last updated on 24 Sept 2026.

Golub Capital News

AllArticlesVideos

Private Credit Is Under Growing Strain, Despite Industry's Upbeat Tone

WSJ2 months ago

Golub Capital BDC Q3 Earnings Call Highlights

MarketBeat2 months ago

Golub Capital BDC, Inc. Announces Fiscal Year 2026 Third Quarter Financial Results

Business Wire2 months ago
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.