Golub Capital President Stays Focused on Lending

December 12, 2023

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Golub ($NASDAQ:GBDC) Capital President Michael Tokarz is staying focused on the firm’s core lending business. Golub is a business development company or BDC, which specializes in providing capital to middle market companies. He has been instrumental in helping to build the firm’s loan portfolio, which has grown to more than $10 billion. The company invests only in middle market companies that have demonstrated potential for strong returns. Golub’s broad array of debt financing solutions include senior secured loans, mezzanine debt, and junior debt securities. As a leader in the middle market, Golub Capital BDC has established itself as one of the premier lenders in the United States.

Tokarz has been instrumental in building the firm’s loan portfolio and maintaining its focus on lending. He has also been involved in developing the firm’s risk management and operational processes. With a proven track record of success in the middle market, Golub Capital is well-positioned to capitalize on new opportunities as they arise. By continuing to remain focused on the loan business, Golub Capital BDC is in a strong position for continued growth and success in the future.

Price History

GOLUB CAPITAL BDC President David Golub has his sights firmly set on the company’s lending activities, as seen on Friday when the stock opened at $14.5 and closed at $14.6, an increase of 0.6% over its previous closing price of 14.6. Golub has been vocal about his commitment to providing short-term and long-term investments for commercial businesses, with a focus on helping them grow and succeed. In particular, the company’s Small Business Lending solutions have proven to be popular among small business owners seeking to access capital quickly and with little hassle.

Moreover, GOLUB CAPITAL BDC has also made a significant investment in technology, allowing it to process applications much faster than many of its competitors. This focus on lending has certainly paid off in terms of stock performance, demonstrating why Golub is keen to keep this focus in the future. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for GBDC. More…

    Total Revenues Net Income Net Margin
    284.43 258.63 90.9%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for GBDC. More…

    Operations Investing Financing
    195.37 13.42 -235.55
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for GBDC. More…

    Total Assets Total Liabilities Book Value Per Share
    5.73k 3.19k 15.02
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for GBDC are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    62.1%
    FCF Margin ROE ROA
    68.7% 6.5% 2.9%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    After analyzing GOLUB CAPITAL BDC’s financials, GoodWhale performed a Star Chart analysis which reveals that the company has a low health score of 2/10 considering its cashflows and debt, making it less likely to sustain future operations in times of crisis. The company scored relatively well in terms of growth, but weak in asset, profitability, and dividend. All combined, we classified GOLUB CAPITAL BDC as a ‘cheetah’, meaning that they achieved high revenue or earnings growth but are considered less stable due to lower profitability. Investors who are looking for short-term gains might be interested in investing in a cheetah company like GOLUB CAPITAL BDC. This is because the company is likely to experience higher growth in the short-term, but there is also a greater risk of not performing well in the long-term. Therefore, before investing in this company, investors should do their due diligence to ensure that they are making an informed decision. More…

  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    The Company’s investment activities are focused on leveraged buyouts, middle market lending, and mezzanine investments. Golub Capital BDC Inc is managed by Golub Capital LLC, an affiliate of Golub Capital Partners, LLC. OFS Capital Corp is a US-based closed-end investment company. The Company’s investment objective is to provide current income and capital gains. OFS Capital Corp invests primarily in middle-market companies in the form of mezzanine loans, first-lien, and second-lien loans, and equity securities. PhenixFIN Corp is a private equity firm specializing in growth capital, middle market, and mezzanine investments. PhenixFIN Corp was founded in 2006 and is based in Boston, Massachusetts. Princeton Capital Corp is a US-based investment company. The Company’s investment objective is to provide current income and capital gains. Princeton Capital Corp invests primarily in middle-market companies in the form of mezzanine loans, first-lien, and second-lien loans, and equity securities.

    – OFS Capital Corp ($NASDAQ:OFS)

    OFS Capital Corp is a publicly traded business development company that provides financing solutions to middle market companies. The company has a market cap of 114.02M as of 2022. OFS Capital Corp’s investment objective is to generate both current income and capital appreciation through debt and equity investments. The company invests primarily in senior secured and mezzanine loans of middle market companies.

    – PhenixFIN Corp ($NASDAQ:PFX)

    PhenixFIN Corp is a publicly traded company with a market capitalization of $79.3 million as of 2022. The company is engaged in the business of providing financial services and products to consumers and businesses. The company offers a wide range of services, including credit cards, loans, and investment products. PhenixFIN Corp is headquartered in San Francisco, California.

    – Princeton Capital Corp ($OTCPK:PIAC)

    Princeton Capital Corporation is a publicly traded company with a market capitalization of $33.13 million as of 2022. The company is engaged in the business of lending and investing in real estate and other businesses. Princeton Capital Corporation is headquartered in New York, New York.

    Summary

    Golub Capital BDC is a specialty lender which offers middle market companies with tailored debt solutions. The company has a focus on providing financing solutions to both publicly traded and private equity-backed businesses. Their president, Lawrence Golub, has been committed to maintaining the company’s standard of delivering reliable debt financing and meeting the needs of their customers. The company predominantly focuses on senior debt, subordinated debt, and unitranche debt investments, and is able to provide unique financing to companies that have outgrown traditional bank financing.

    Additionally, Golub Capital BDC has an experienced team of investment professionals who have the expertise to manage the risks associated with these investments. Their commitment to providing top-tier services to their customers has helped them create an impressive track record in debt investments.

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