Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD – Get Free Report) have been assigned a consensus rating of “Reduce” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $8.75.
GSBD has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. The Goldman Sachs Group lowered Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 price target for the company. in a research note on Thursday, July 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Goldman Sachs BDC in a research report on Friday, August 28th. Zacks Research upgraded Goldman Sachs BDC from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 29th. Finally, Truist Financial lifted their target price on Goldman Sachs BDC from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Monday, August 10th.
Get Our Latest Analysis on Goldman Sachs BDC
Hedge Funds Weigh In On Goldman Sachs BDC
A number of hedge funds and other institutional investors have recently modified their holdings of GSBD. Saxon Interests Inc. boosted its position in shares of Goldman Sachs BDC by 0.8% during the first quarter. Saxon Interests Inc. now owns 122,912 shares of the financial services provider’s stock worth $1,091,000 after acquiring an additional 1,032 shares during the last quarter. Sovran Advisors LLC increased its holdings in Goldman Sachs BDC by 14.4% in the 1st quarter. Sovran Advisors LLC now owns 14,245 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 1,790 shares during the last quarter. Southern Financial Group LLC increased its holdings in Goldman Sachs BDC by 11.1% in the 1st quarter. Southern Financial Group LLC now owns 18,110 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 1,806 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in Goldman Sachs BDC by 3.9% in the 1st quarter. Arkadios Wealth Advisors now owns 54,217 shares of the financial services provider’s stock valued at $481,000 after acquiring an additional 2,047 shares during the last quarter. Finally, PFG Investments LLC lifted its stake in Goldman Sachs BDC by 3.3% in the 1st quarter. PFG Investments LLC now owns 72,858 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 2,319 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.
Goldman Sachs BDC Stock Up 3.2%
NYSE GSBD opened at $8.91 on Friday. The stock’s 50-day moving average price is $9.59 and its 200-day moving average price is $9.31. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.36. Goldman Sachs BDC has a 52 week low of $8.35 and a 52 week high of $10.38. The company has a market capitalization of $1.00 billion, a P/E ratio of 17.14 and a beta of 0.61.
Goldman Sachs BDC (NYSE:GSBD – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Goldman Sachs BDC had a return on equity of 11.04% and a net margin of 17.19%. The company had revenue of $83.72 million during the quarter, compared to the consensus estimate of $78.89 million. On average, equities research analysts predict that Goldman Sachs BDC will post 1.29 earnings per share for the current year.
Goldman Sachs BDC Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, September 30th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 14.4%. The ex-dividend date is Wednesday, September 30th. Goldman Sachs BDC’s dividend payout ratio is presently 246.15%.
About Goldman Sachs BDC
Goldman Sachs BDC, Inc (NYSE: GSBD) is a business development company that provides financing to privately owned, primarily middle-market companies in the United States. The company is externally managed by Goldman Sachs Asset Management, part of Goldman Sachs Group, Inc
Goldman Sachs BDC invests mainly in senior secured loans, including first-lien and unitranche facilities, and may also invest in second-lien loans, subordinated debt and equity securities. Its portfolio companies operate across a range of industries, and its investment strategy is focused on generating current income while also seeking long-term capital appreciation.
The company was formed in 2012 and began investment operations in 2013.
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