GBDC - GBDC: New Fee Structure And Resilient Portfolio Drive Rerating
2024-05-17 08:37:09 ET
Summary
- 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.
- Its valuation has zoomed higher, reflecting both a new fee structure and portfolio resilience.
In this article, we catch up on the latest quarterly results of the Golub Capital BDC ( GBDC ). The company delivered a good quarterly result with a 3.8% total NAV return. It trades at a 10.5% total dividend yield and a 13 premium to book. Its net income yield is 11.9% - in line with the sector median....
GBDC: New Fee Structure And Resilient Portfolio Drive Rerating