Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) have received an average rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $23.13.

GSBD has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 3rd. National Securities restated a “neutral” rating and issued a $22.00 price target on shares of Goldman Sachs BDC in a report on Monday, May 8th. Goldman Sachs Group, Inc. (The) upgraded shares of Goldman Sachs BDC from a “market perform” rating to an “outperform” rating in a report on Friday, May 26th. They noted that the move was a valuation call. Raymond James Financial, Inc. upgraded shares of Goldman Sachs BDC from a “market perform” rating to an “outperform” rating in a report on Friday, May 26th. Finally, TheStreet cut shares of Goldman Sachs BDC from a “b-” rating to a “c” rating in a report on Tuesday, June 13th.

Shares of Goldman Sachs BDC (GSBD) opened at 22.69 on Tuesday. The company has a 50-day moving average of $22.61 and a 200 day moving average of $23.70. Goldman Sachs BDC has a 52-week low of $20.00 and a 52-week high of $25.60.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.15. The business had revenue of $36 million during the quarter, compared to analysts’ expectations of $33.66 million. Goldman Sachs BDC had a net margin of 35.73% and a return on equity of 11.54%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the company posted $0.49 earnings per share. Analysts predict that Goldman Sachs BDC will post $2.07 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date is Thursday, September 28th. Goldman Sachs BDC’s dividend payout ratio (DPR) is 139.54%.

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In other Goldman Sachs BDC news, Director Ann B. Lane acquired 2,240 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were purchased at an average cost of $22.32 per share, with a total value of $49,996.80. Following the completion of the purchase, the director now owns 2,240 shares of the company’s stock, valued at $49,996.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ross Jay Kari acquired 5,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was acquired at an average cost of $22.24 per share, for a total transaction of $111,200.00. The disclosure for this purchase can be found here. 0.32% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Muzinich & Co. Inc. raised its position in Goldman Sachs BDC by 10.1% in the second quarter. Muzinich & Co. Inc. now owns 1,437,363 shares of the financial services provider’s stock worth $32,369,000 after buying an additional 131,366 shares during the period. UBS Group AG raised its position in Goldman Sachs BDC by 22.1% in the first quarter. UBS Group AG now owns 805,481 shares of the financial services provider’s stock worth $19,847,000 after buying an additional 145,932 shares during the period. Bank of Montreal Can raised its position in Goldman Sachs BDC by 2,385.7% in the second quarter. Bank of Montreal Can now owns 348,000 shares of the financial services provider’s stock worth $7,837,000 after buying an additional 334,000 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in Goldman Sachs BDC by 0.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 341,175 shares of the financial services provider’s stock worth $7,683,000 after buying an additional 2,185 shares during the period. Finally, Van ECK Associates Corp raised its position in Goldman Sachs BDC by 23.6% in the second quarter. Van ECK Associates Corp now owns 281,760 shares of the financial services provider’s stock worth $6,345,000 after buying an additional 53,871 shares during the period. 36.73% of the stock is currently owned by hedge funds and other institutional investors.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.

Analyst Recommendations for Goldman Sachs BDC (NYSE:GSBD)

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