GBDC
Golub Capital BDC, Inc. Financial Services - BDC Investor Relations →
Golub Capital BDC, Inc. (GBDC) closed at $12.35 as of 2026-03-20, trading 6.3% above its 200-week moving average of $11.62. The stock moved further from the line this week, up from 0.3% last week. The 14-week RSI sits at 40, indicating neutral momentum.
Trading volume is running at 1.2x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.74 ratio) is neutral — neither side is clearly dominating.
Over the past 783 weeks of data, GBDC has crossed below its 200-week moving average 7 times. On average, these episodes lasted 9 weeks. Historically, investors who bought GBDC at the start of these episodes saw an average one-year return of +18.9%.
With a market cap of $3.3 billion, GBDC is a mid-cap stock. The company generates a free cash flow yield of 9.3%, which is notably high. Return on equity stands at 8.3%. The stock trades at 0.8x book value.
Share count has increased 55.7% over three years, indicating dilution.
Over the past 15.1 years, a hypothetical investment of $100 in GBDC would have grown to $289, compared to $641 for the S&P 500. GBDC has returned 7.3% annualized vs 13.1% for the index, underperforming the broader market over this period.
In the past 12 months, corporate insiders have made 2 open-market purchases totaling $183,374,726.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: GBDC vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After GBDC Crosses Below the Line?
Across 7 historical episodes, buying GBDC when it crossed below its 200-week moving average produced an average return of +28.6% after 12 months (median +20.0%), compared to +24.9% for the S&P 500 over the same periods. 100% of those episodes were profitable after one year. After 24 months, the average return was +44.3% vs +45.1% for the index.
Each line shows $100 invested at the moment GBDC crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
GBDC has crossed below its 200-week MA 7 times with an average 1-year return of +18.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jun 2011 | Jun 2011 | 2 | 3.9% | +7.9% | +207.2% |
| Aug 2011 | Sep 2011 | 5 | 2.4% | +13.7% | +205.2% |
| Mar 2020 | Jan 2021 | 43 | 38.8% | +8.0% | +49.3% |
| Jan 2021 | Feb 2021 | 1 | 0.6% | +18.0% | +47.1% |
| Jun 2022 | Jul 2022 | 3 | 3.6% | +15.1% | +45.2% |
| Sep 2022 | Nov 2022 | 7 | 4.9% | +25.3% | +44.0% |
| Mar 2023 | Mar 2023 | 1 | 0.8% | +44.4% | +40.1% |
| Average | 9 | — | +18.9% | — |
Frequently Asked Questions
Is GBDC below its 200-week moving average?
No. Golub Capital BDC, Inc. (GBDC) is currently 6.3% above its 200-week moving average of $11.62. It would need to fall to $11.62 to cross below the line.
What is GBDC's 200-week moving average price?
Golub Capital BDC, Inc.'s 200-week moving average is $11.62 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when GBDC drops below its 200-week moving average?
GBDC has crossed below its 200-week moving average 7 times in our data. On average, buying at that moment produced a one-year return of +18.9%. These dips have historically been decent entry points. These episodes lasted 9 weeks on average.
Is GBDC a good value right now?
Here's what our data says about GBDC as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 40. Free cash flow yield is 9.3%. Return on equity is 8.3%. Price-to-book is 0.8x. This is not a buy or sell recommendation — always do your own research.
How does GBDC compare to the S&P 500?
Over the past 15.1 years, $100 invested in GBDC would have grown to $289, compared to $641 for the S&P 500. That's 7.3% annualized vs 13.1% for the index. GBDC has underperformed the broader market over this period.
Does GBDC pay a dividend?
Yes. Golub Capital BDC, Inc. currently pays a dividend yield of 1215.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20