GBDC

In the past six months, Golub Capital BDC, Inc.'s stock price has been influenced by its quarterly financial results and capital management activities. For the Fiscal Year 2026 First Quarter (ended December 31, 2025), GBDC reported GAAP net income of $65.2 million (EPS of $0.25) and GAAP net investment income of $95.7 million ($0.37 per share), also repurchasing approximately $35.9 million (2.623 million shares) of its stock. In the Fiscal Year 2026 Second Quarter (ended March 31, 2026), the company announced a GAAP net loss of $46.8 million (loss of $0.18 per share) and net investment income of $0.33 per share, with Net Asset Value (NAV) declining to $14.35 due to credit spread widening and unrealized depreciation, while also opportunistically repurchasing shares. The Fiscal Year 2026 Third Quarter (ended June 30, 2026) saw GBDC report GAAP earnings per share of $0.22 and stable GAAP net investment income per share of $0.33, with adjusted net investment income slightly exceeding analyst estimates at $0.34 per share; NAV per share declined to $14.25, and the company repurchased 1.1 million shares for $14.4 million. Additionally, in September 2025, GBDC priced a $250 million public offering of 7.050% notes due 2028, bringing the total outstanding principal of this series to $700 million. On July 2, 2026, GBDC amended its JPMorgan revolving credit facility, extending its maturity to July 2, 2031, and removing a 0.10% adjustment to the term SOFR rate. These events collectively reflect the company's ongoing investment activities, its response to market conditions through share repurchases, and its efforts to manage its capital structure.