Golub Capital: Not So Great Q4, But Still A Top BDC For Income
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Golub Capital BDC had a strong Q4 performance with adjusted net investment income of $0.47 and manageable non-accruals. The merger with GBDC III improved financials, and the company trades at a slight discount to NAV, making it attractive for income investors.
January 15, 2025 | 12:30 pm
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Golub Capital BDC's Q4 results were strong, with a net investment income of $0.47 and low non-accruals. The merger with GBDC III has positively impacted financials, and the stock trades at a discount to NAV, presenting a buying opportunity.
The strong Q4 performance and the positive impact of the merger with GBDC III suggest a solid financial position. Trading at a discount to NAV makes it attractive for income investors, likely leading to a positive short-term price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100