Golub Capital BDC, Inc. (GBDC)

Over the past six months, GBDC's stock has decreased, with a 52-week high of $16.01 and a low of $12.28. The company reported its fiscal first-quarter earnings, posting a profit of $0.25 per share, with adjusted earnings of $0.38 per share, matching Wall Street expectations. The dividend was cut by 15% to $0.33 per share. Golub Capital BDC was downgraded to a "Sell" rating by Wall Street Zen. GBDC's investment portfolio declined 1.5% sequentially to $8.6 billion at fair value. The company continued opportunistic share repurchases during calendar year 2025, totaling 5.5 million shares, or $76.5 million in aggregate value.

There is no explicit information indicating significant demand seasonality for Golub Capital BDC, Inc.'s products and services. The demand for private credit and the volume of BDC assets continue to increase, suggesting a generally strong and growing demand for the types of financing GBDC provides.

Golub Capital BDC, Inc. is an externally managed investment company that invests in debt and minority equity in middle-market companies, often sponsored by private equity investors. The company primarily invests in various forms of debt, with a focus on first lien senior secured floating rate loans. GBDC invests in a diversified range of industries, including consumer services, automobiles, healthcare technology, and IT services.

Golub Capital BDC, Inc. primarily invests in companies located within the United States. Its affiliate, Golub Capital, has a broader presence with offices in North America, Europe, Asia, and the Middle East.

Golub Capital is recognized as a market-leading, award-winning private credit manager. GBDC's annualized Internal Rate of Return (IRR) on Net Asset Value (NAV) of 9.6% outpaces the BDC peer average of 6.4%, and its volatility of annualized IRR on NAV of 8.0% outpaces the BDC peer average of 13.5%. The discussion around "SaaSpocalypse" and the recent dividend cut and downgrade could affect investor perception.

Approximately 38.80% of GBDC's common stock is held by institutional investors, 4.04% by mutual funds and ETFs, and 57.16% by public companies and retail investors. Insiders own about 1.74% of the stock. Major institutional owners include Strs Ohio, Corient Private Wealth LLC, Van Eck Associates Corporation, Allen Investment Management LLC, and Sound Income Strategies, LLC.