Goldman Sachs BDC, Inc. (GSBD) Given Consensus Rating of “Hold” by Brokerages
Goldman Sachs BDC, Inc. (NYSE:GSBD) has received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $23.13.
GSBD has been the topic of several recent research reports. BidaskClub raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. TheStreet upgraded shares of Goldman Sachs BDC from a “c” rating to a “b-” rating in a research note on Wednesday, August 9th. National Securities reissued a “neutral” rating and set a $22.00 target price on shares of Goldman Sachs BDC in a report on Monday, August 7th. Finally, Zacks Investment Research cut shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Monday, July 17th.
Large investors have recently bought and sold shares of the company. Bank of Montreal Can lifted its stake in shares of Goldman Sachs BDC by 2,385.7% in the 2nd quarter. Bank of Montreal Can now owns 348,000 shares of the financial services provider’s stock valued at $7,837,000 after purchasing an additional 334,000 shares during the period. UBS Group AG grew its position in Goldman Sachs BDC by 22.1% during the first quarter. UBS Group AG now owns 805,481 shares of the financial services provider’s stock valued at $19,847,000 after buying an additional 145,932 shares during the period. Muzinich & Co. Inc. grew its position in Goldman Sachs BDC by 10.1% during the second quarter. Muzinich & Co. Inc. now owns 1,437,363 shares of the financial services provider’s stock valued at $32,369,000 after buying an additional 131,366 shares during the period. West Family Investments Inc. acquired a new stake in Goldman Sachs BDC during the second quarter valued at $2,299,000. Finally, Barnett & Company Inc. grew its position in Goldman Sachs BDC by 280.9% during the second quarter. Barnett & Company Inc. now owns 139,400 shares of the financial services provider’s stock valued at $3,139,000 after buying an additional 102,800 shares during the period. 36.66% of the stock is owned by hedge funds and other institutional investors.
Goldman Sachs BDC (GSBD) opened at 22.85 on Wednesday. The company has a 50 day moving average of $22.16 and a 200-day moving average of $22.16. Goldman Sachs BDC has a 12-month low of $20.00 and a 12-month high of $25.31.
Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.64 earnings per share for the quarter, topping 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 company had revenue of $36.00 million for the quarter, compared to the consensus estimate of $33.66 million. During the same quarter in the prior year, the company earned $0.49 EPS. Goldman Sachs BDC’s quarterly revenue was up 11.8% on a year-over-year basis. On average, equities analysts anticipate that Goldman Sachs BDC will post $2.07 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a $0.45 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.80 annualized dividend and a yield of 7.88%. Goldman Sachs BDC’s dividend payout ratio is presently 139.54%.
Goldman Sachs BDC Company Profile
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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