Golub Capital BDC, Inc. (NASDAQ:GBDC) is included among the 10 Best Stocks Under $15 to Buy Right Now.
On May 7, Oppenheimer analyst Mitchel Penn lowered the firm’s price recommendation on Golub Capital BDC, Inc. (NASDAQ:GBDC) to $14 from $16
The analyst reiterated an Outperform rating on the shares. The firm noted that, as expected, ROE declined and NAV fell by $0.69 per share since Q2 2025. Oppenheimer estimates that Golub earns a 9% ROE and, based on an estimated cost of equity capital of 9%, calculates a fair value of $14.35 per share, or 1.0x book value.
During the earnings call for fiscal Q2 2026, COO Timothy Topicz said that roughly 89% of GBDC’s investment portfolio, measured at fair value, remained within the company’s highest internal rating categories. He also noted that nonaccrual investments stayed low at 1.4% of the total portfolio at fair value. Topicz added that widening credit spreads accounted for most of the company’s $0.52 per share in net realized and unrealized losses, which resulted in a quarterly loss of $0.18 per share.