Brokerages expect Goldman Sachs BDC, Inc. (NYSE:GSBD) to report sales of $33.21 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Goldman Sachs BDC’s earnings. The highest sales estimate is $35.97 million and the lowest is $31.55 million. Goldman Sachs BDC posted sales of $33.95 million during the same quarter last year, which suggests a negative year over year growth rate of 2.2%. The company is scheduled to report its next quarterly earnings results on Thursday, November 2nd.

On average, analysts expect that Goldman Sachs BDC will report full-year sales of $33.21 million for the current fiscal year, with estimates ranging from $133.00 million to $140.21 million. For the next fiscal year, analysts anticipate that the firm will post sales of $148.24 million per share, with estimates ranging from $144.24 million to $151.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Goldman Sachs BDC.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.15. The business had revenue of $36.00 million for 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share.

A number of equities research analysts have issued reports on the stock. TheStreet raised shares of Goldman Sachs BDC from a “c” rating to a “b-” rating in a report on Wednesday, August 9th. National Securities reissued a “neutral” rating and issued a $22.00 price target on shares of Goldman Sachs BDC in a report on Monday, August 7th. BidaskClub raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Finally, Raymond James Financial, Inc. raised shares of Goldman Sachs BDC from a “market perform” rating to an “outperform” rating in a report on Friday, May 26th. 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 stock currently has a consensus rating of “Hold” and an average price target of $22.65.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Goldman Sachs BDC by 35.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 21,339 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 5,572 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Goldman Sachs BDC by 1.8% during the 2nd quarter. Royal Bank of Canada now owns 79,661 shares of the financial services provider’s stock valued at $1,794,000 after purchasing an additional 1,400 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Goldman Sachs BDC by 32.2% during the 2nd quarter. Stifel Financial Corp now owns 25,640 shares of the financial services provider’s stock valued at $584,000 after purchasing an additional 6,240 shares in the last quarter. Muzinich & Co. Inc. boosted its stake in shares of Goldman Sachs BDC by 10.1% during the 2nd quarter. Muzinich & Co. Inc. now owns 1,437,363 shares of the financial services provider’s stock valued at $32,369,000 after purchasing an additional 131,366 shares in the last quarter. Finally, Pinebridge Investments L.P. boosted its stake in shares of Goldman Sachs BDC by 0.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 9,946 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 37 shares in the last quarter. 36.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Goldman Sachs BDC (NYSE:GSBD) opened at 21.54 on Friday. The firm’s 50-day moving average is $21.48 and its 200-day moving average is $23.16. Goldman Sachs BDC has a 12 month low of $20.00 and a 12 month high of $25.31.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.36%. The ex-dividend date is Thursday, September 28th. Goldman Sachs BDC’s payout ratio is 139.54%.

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.

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