5 Best BDC Stocks to Buy Right Now

2. Golub Capital BDC, Inc. (NASDAQ:GBDC)

Number of Hedge Fund Holders: 24

On April 17, RBC Capital analyst Kenneth Lee initiated coverage of Golub Capital BDC, Inc. (NASDAQ:GBDC) with an Outperform rating. The analyst also set a $15 price target on the stock. In a research note, he said that with investors focused on credit, RBC favors Golub’s long-term record of lower loss experience compared to peers and its reputation as a disciplined credit underwriter. He also noted that the company’s portfolio is “relatively differentiated,” with a focus on the core middle-market segment.

With Q1 earnings approaching, management had already taken a cautious stance during the Q4 2025 call. They indicated that current headwinds are likely to persist and that the firm is preparing for a challenging 2026. They also said the dividend framework has been reset, with a base distribution of $0.33 per share and a variable component equal to 50% of earnings above that level.

Management added that the current environment, including lower base rates, tighter spreads, softer M&A activity, and continued credit pressure, is expected to remain in place.

Golub Capital BDC, Inc. (NASDAQ:GBDC) is an externally managed, non-diversified closed-end investment company. Its objective is to generate current income and capital appreciation by investing mainly in one-stop and other senior secured loans to U.S. middle-market companies.