Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) have received an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $23.13.

Several equities research analysts have weighed in on GSBD shares. BidaskClub upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. National Securities restated a “neutral” rating and set a $22.00 price objective on shares of Goldman Sachs BDC in a report on Monday, August 7th. TheStreet lowered shares of Goldman Sachs BDC from a “b-” rating to a “c” rating in a report on Tuesday, June 13th. Raymond James Financial, Inc. upgraded shares of Goldman Sachs BDC from a “market perform” rating to an “outperform” rating in a research note on Friday, May 26th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Goldman Sachs BDC from a “market perform” rating to an “outperform” rating in a research note on Friday, May 26th. They noted that the move was a valuation call.

Several large investors have recently bought and sold shares of GSBD. Private Advisor Group LLC boosted its stake in Goldman Sachs BDC by 92.5% during the first quarter. Private Advisor Group LLC now owns 66,312 shares of the financial services provider’s stock worth $1,663,000 after acquiring an additional 31,869 shares in the last quarter. Stifel Financial Corp raised its holdings in Goldman Sachs BDC by 52.8% during the first quarter. Stifel Financial Corp now owns 19,400 shares of the financial services provider’s stock worth $478,000 after buying an additional 6,700 shares during the last quarter. Mckinley Capital Management LLC Delaware raised its holdings in Goldman Sachs BDC by 1.9% during the first quarter. Mckinley Capital Management LLC Delaware now owns 166,803 shares of the financial services provider’s stock worth $4,110,000 after buying an additional 3,152 shares during the last quarter. Muzinich & Co. Inc. raised its holdings in Goldman Sachs BDC by 40.4% during the first quarter. Muzinich & Co. Inc. now owns 1,305,997 shares of the financial services provider’s stock worth $32,180,000 after buying an additional 375,879 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in Goldman Sachs BDC by 29.1% during the first quarter. Van ECK Associates Corp now owns 227,889 shares of the financial services provider’s stock worth $5,615,000 after buying an additional 51,312 shares during the last quarter. 36.66% of the stock is currently owned by institutional investors.

Goldman Sachs BDC (NYSE:GSBD) opened at 21.37 on Friday. Goldman Sachs BDC has a 12 month low of $20.00 and a 12 month high of $25.60. The stock’s 50 day moving average price is $22.25 and its 200 day moving average price is $23.41.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.15. Goldman Sachs BDC had a net margin of 35.73% and a return on equity of 11.54%. The business had revenue of $36 million for the quarter, compared to analysts’ expectations of $33.66 million. During the same period in the prior year, the firm earned $0.49 earnings per share. Goldman Sachs BDC’s revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts expect that Goldman Sachs BDC will post $2.07 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.42%. The ex-dividend date of this dividend is Thursday, September 28th. Goldman Sachs BDC’s payout ratio is 139.54%.

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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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