GBDC Golub Capital BDC (GBDC) Insider Trading, Ownership & Congress Trades
Funds & Trusts · Registered investment company · CIK 0001476765
SEC filings
Insider buyers, 180 days
0
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
156
13F, latest reported quarter
What the filings say about GBDC
Insiders, 180 days
-$43.8M net sold
2 sellers · 0% of sales under a 10b5-1 plan
Congress, 1 year
No trades
Last one: sale, 2023-06-30
Golub Capital BDC insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, GOLUB CAPITAL BDC, Inc. insiders sold a net $43.8M of stock across 124 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-28.
Insider
Filed
Shares
Value
Since filing
Context
- 55 earlier Form 4 trades (code P or S) here by this insider (51 buys, 4 sales), the last on May 27, 2025.
- +3.5% median (+2.9% mean) 90-day return after 30 previous buys.
- 1 other insider sold within 30 days.
- 156 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Golub Lawrence E sold about $21.9M of GBDC on Aug 7, 2026, the largest insider sale at the company since 2025; 1 other insider sold within 30 days and 156 funds added in the latest 13F quarter.Context
- 55 earlier Form 4 trades (code P or S) here by this insider (51 buys, 4 sales), the last on May 27, 2025.
- +3.5% median (+2.9% mean) 90-day return after 30 previous buys.
- 1 other insider sold within 30 days.
- 156 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chairman & CEO Golub David sold about $21.9M of GBDC on Aug 7, 2026, the largest insider sale at the company since 2025; 1 other insider sold within 30 days and 156 funds added in the latest 13F quarter.Context
- 51 earlier Form 4 trades (code P or S) here by this insider (50 buys, 1 sale), the last on Sep 6, 2024.
- +3.5% median (+3.0% mean) 90-day return after 30 previous buys.
- 1 other insider sold within 30 days.
- 156 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chairman Golub Lawrence E sold about $58.4M of GBDC on May 27, 2025, the largest insider sale at the company on our record; 1 other insider sold within 30 days and 156 funds added in the latest 13F quarter.Context
- 51 earlier Form 4 trades (code P or S) here by this insider (50 buys, 1 sale), the last on Sep 6, 2024.
- +3.5% median (+3.0% mean) 90-day return after 30 previous buys.
- 1 other insider sold within 30 days.
- 156 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chairman Golub Lawrence E sold about $33.0M of GBDC on May 27, 2025, the largest insider sale at the company on our record; 1 other insider sold within 30 days and 156 funds added in the latest 13F quarter.Context
- 51 earlier Form 4 trades (code P or S) here by this insider (50 buys, 1 sale), the last on Sep 6, 2024.
- +3.5% median (+3.0% mean) 90-day return after 30 previous buys.
- The trade is 100.0% of the 6,059,971 shares held after it.
- 1 other insider bought within 30 days.
- 156 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chairman Golub Lawrence E bought about $91.7M of GBDC on May 27, 2025, the largest insider purchase at the company on our record; 1 other insider bought within 30 days and 156 funds added in the latest 13F quarter.124 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
net -$43.8M over 180 days
-$43.8M over 90 days
below 99% of Funds & Trusts
Congress
no House purchase disclosed in the last 12 months
Funds
156 funds bought in last quarter
more than 97% of Funds & Trusts
Revenue
no revenue reported in any filing
Margin
no margin: no revenue reported
Buybacks
$78.1M repurchased, FY to 2026-06-30
more than 95% of Funds & Trusts
Short interest
5.7% of shares outstanding short · 9.3 days to cover · settled 2026-10-15
more than 87% of Funds & Trusts
What changed in the last 30 days
Nothing new filed in the last 30 days
Watch GBDC
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
-7.2%12M
Insider sell
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns GBDC: institutional holders (13F)
13F holdings, latest reported quarter
17,576,643 sh
$226.4M
7,345,885 sh
$94.6M
4,710,275 sh
$60.7M
3,876,087 sh
$49.9M
3,849,396 sh
$49.6M
Congress trades in GBDC
STOCK Act disclosures, US House only, filed up to 45 days after the trade
Sold 2023-06-30 · disclosed 403 days later
$1,001 - $15,000
Sold 2023-06-19 · disclosed 414 days later
$15,001 - $50,000
Sold 2022-07-14 · disclosed 754 days later
$15,001 - $50,000
Sold 2022-07-12 · disclosed 756 days later
$15,001 - $50,000
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
GBDC planned insider sales (Form 144)
No planned-sale notices
No insider has filed to sell. Watch this after a run-up.
GBDC mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
FT Confluence BDC & Specialty Finance Income ETF
$3.3M position · as of 2026-05-31
9.6%
Putnam BDC Income ETF
$21.4M position · as of 2026-07-31
7.5%
ProShares Global Listed Private Equity ETF
$495.5K position · as of 2026-05-31
4.5%
WisdomTree Private Credit and Alternative Income Fund
$1.7M position · as of 2026-05-31
3.3%
VanEck BDC Income ETF
$47.8M position · as of 2026-06-30
2.9%
Sound Enhanced Fixed Income ETF
$1.0M position · as of 2026-05-31
2.6%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
The complete filing record, in one place.
The record shows a net $43.8M sold by insiders over 180 days, 156 funds added last quarter. Each figure is a federal filing, dated the day it went public.
GBDC financials
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
n/a
fewer than four consecutive quarters of revenue filed
Revenue, TTM GBDC
| FY Sep 2025 | n/a |
| FY Sep 2024 | n/a |
| FY Sep 2023 | n/a |
| FY Sep 2022 | n/a |
| FY Sep 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Single quarter
Net margin, TTM
n/a
needs four consecutive quarters of both revenue and net income
Net margin, TTM GBDC
| FY Sep 2025 | n/a |
| FY Sep 2024 | n/a |
| FY Sep 2023 | n/a |
| FY Sep 2022 | n/a |
| FY Sep 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Single quarter
Free cash flow, TTM
n/a
capex not filed for the four quarters
Free cash flow, TTM GBDC
| FY Sep 2025 | n/a |
| FY Sep 2024 | n/a |
| FY Sep 2023 | n/a |
| FY Sep 2022 | n/a |
| FY Sep 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Single quarter
Debt to equity
1.22x
long-term debt only, 2026-06-30; equity 2026-06-30
Debt to equity GBDC
| FY Sep 2025 | 1.23x |
| FY Sep 2024 | 1.15x |
| FY Sep 2023 | 1.22x |
| FY Sep 2022 | 1.21x |
| FY Sep 2021 | 0.99x |
| Jun 2026 | 1.22x |
| Mar 2026 | 1.25x |
| Dec 2025 | 1.25x |
| Sep 2025 | 1.23x |
| Jun 2025 | 1.28x |
| Mar 2025 | 1.19x |
| Dec 2024 | 1.22x |
| Sep 2024 | 1.15x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.20x
TTM operating cash flow over long-term debt only, 2026-06-30
Cash flow to debt GBDC
| FY Sep 2025 | -0.02x |
| FY Sep 2024 | 0.07x |
| FY Sep 2023 | 0.06x |
| FY Sep 2022 | -0.14x |
| FY Sep 2021 | n/a |
| Jun 2026 | 0.20x |
| Mar 2026 | 0.11x |
| Dec 2025 | 0.10x |
| Sep 2025 | -0.02x |
| Jun 2025 | -0.11x |
| Mar 2025 | -0.03x |
| Dec 2024 | -0.04x |
| Sep 2024 | 0.07x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+4.5%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity GBDC
| FY Sep 2025 | +9.4% |
| FY Sep 2024 | +8.3% |
| FY Sep 2023 | +10.2% |
| FY Sep 2022 | +6.0% |
| FY Sep 2021 | n/a |
| Jun 2026 | +4.5% |
| Mar 2026 | +5.3% |
| Dec 2025 | +8.3% |
| Sep 2025 | +9.4% |
| Jun 2025 | +9.3% |
| Mar 2025 | +8.9% |
| Dec 2024 | +9.4% |
| Sep 2024 | +8.3% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+2.0%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets GBDC
| FY Sep 2025 | +4.3% |
| FY Sep 2024 | +3.8% |
| FY Sep 2023 | +4.5% |
| FY Sep 2022 | +2.8% |
| FY Sep 2021 | n/a |
| Jun 2026 | +2.0% |
| Mar 2026 | +2.3% |
| Dec 2025 | +3.7% |
| Sep 2025 | +4.3% |
| Jun 2025 | +4.2% |
| Mar 2025 | +4.0% |
| Dec 2024 | +4.2% |
| Sep 2024 | +3.8% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
fewer than four consecutive quarters of operating income
Return on invested capital GBDC
| FY Sep 2025 | n/a |
| FY Sep 2024 | n/a |
| FY Sep 2023 | n/a |
| FY Sep 2022 | n/a |
| FY Sep 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
n/a
fewer than four consecutive quarters of operating income
Return on capital employed GBDC
| FY Sep 2025 | n/a |
| FY Sep 2024 | n/a |
| FY Sep 2023 | n/a |
| FY Sep 2022 | n/a |
| FY Sep 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
18.36x
close 2026-10-26 over four quarters of diluted EPS, 2025-07-01 to 2026-06-30
P/E, trailing GBDC
| FY Sep 2025 | 9.57x |
| FY Sep 2024 | 10.64x |
| FY Sep 2023 | 9.65x |
| FY Sep 2022 | 13.77x |
| FY Sep 2021 | n/a |
| Jun 2026 | 19.52x |
| Mar 2026 | 16.23x |
| Dec 2025 | 10.77x |
| Sep 2025 | 9.57x |
| Jun 2025 | 10.24x |
| Mar 2025 | 13.28x |
| Dec 2024 | 10.91x |
| Sep 2024 | 10.64x |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$7.7B
market value at close 2026-10-26 on 2026-08-03 shares, plus long-term debt only, 2026-06-30, minus cash 2025-09-30
Enterprise value GBDC
| FY Sep 2025 | $8.5B |
| FY Sep 2024 | $8.5B |
| FY Sep 2023 | $5.5B |
| FY Sep 2022 | $5.1B |
| FY Sep 2021 | n/a |
| Jun 2026 | $7.9B |
| Mar 2026 | $8.0B |
| Dec 2025 | $8.4B |
| Sep 2025 | $8.5B |
| Jun 2025 | $8.9B |
| Mar 2025 | $8.7B |
| Dec 2024 | $8.8B |
| Sep 2024 | $8.5B |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
n/a
capex not filed for the four quarters
FCF yield GBDC
| FY Sep 2025 | n/a |
| FY Sep 2024 | n/a |
| FY Sep 2023 | n/a |
| FY Sep 2022 | n/a |
| FY Sep 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing EPS growth -54%, PEG needs growth
PEG, trailing GBDC
| FY Sep 2025 | 13.59x |
| FY Sep 2024 | n/a |
| FY Sep 2023 | 0.14x |
| FY Sep 2022 | n/a |
| FY Sep 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | 13.59x |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-26. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-09 | 2024-09 | 2023-09 | 2022-09 | |
|---|---|---|---|---|
| Net income | $376.6M | $273.8M | $258.6M | $153.4M |
| EPS (diluted) | 1.42 | 1.36 | 1.52 | 0.90 |
| Operating cash flow | -$113.6M | $343.9M | $195.4M | -$416.5M |
| Cash | $11.9M | $123.1M | $65.6M | $117.3M |
| Long-term debt | $4.9B | $4.6B | $3.1B | $3.1B |
| Buybacks | $40.6M | $4.8M | $16.9M | $0 |
| Dividends paid | $368.2M | $338.2M | $191.5M | $155.2M |
SEC XBRL, fiscal years, as known on 2026-10-28
GBDC Stock Sonar score 5/7 axes
Find similar shapesCompareGBDC ranks highest on institutional and government (97th percentile) and profitability (51st), and lowest on insider conviction (1st), among Funds & Trusts peers.
5 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
GBDC filings, in plain words
Are Golub Capital BDC insiders buying or selling GBDC?
In the 180 days to 2026-10-28, Golub Capital BDC insiders were net sellers, a net $43.8M across purchases and sales reported on Form 4, by 2 sellers.
Have members of Congress traded GBDC?
Yes, but not in the year to 2026-10-28; the latest on record is a sale by David P. Joyce dated 2023-06-30.
Read the full summary
In the 180 days to 2026-10-28, Golub Capital BDC insiders were net sellers of GBDC, a net $43.8M across purchases and sales reported on Form 4 by 2 sellers. Members of Congress have disclosed trades in GBDC, none in the last year; the latest on record is a sale by David P. Joyce dated 2023-06-30. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
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