Brokerages Anticipate Goldman Sachs BDC, Inc. (GSBD) Will Post Quarterly Sales of $33.21 Million
Brokerages forecast that Goldman Sachs BDC, Inc. (NYSE:GSBD) will post $33.21 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Goldman Sachs BDC’s earnings, with the highest sales estimate coming in at $35.97 million and the lowest estimate coming in at $31.55 million. Goldman Sachs BDC reported sales of $33.95 million in the same quarter last year, which would suggest a negative year over year growth rate of 2.2%. The company is scheduled to report its next earnings results after the market closes on Thursday, November 2nd.
According to Zacks, analysts expect that Goldman Sachs BDC will report full-year sales of $33.21 million for the current financial year, with estimates ranging from $133.00 million to $140.21 million. For the next fiscal year, analysts forecast that the business will report sales of $148.24 million per share, with estimates ranging from $144.24 million to $151.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Goldman Sachs BDC.
Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.49 by $0.15. The firm had revenue of $36.00 million during the quarter, compared to analyst estimates of $33.66 million. Goldman Sachs BDC had a return on equity of 11.54% and a net margin of 35.73%. Goldman Sachs BDC’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 EPS.
A number of research firms recently issued reports on GSBD. Zacks Investment Research downgraded shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. BidaskClub upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. TheStreet upgraded shares of Goldman Sachs BDC from a “c” rating to a “b-” rating in a research report on Wednesday, August 9th. Finally, National Securities restated a “neutral” rating and set a $22.00 target price on shares of Goldman Sachs BDC in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Goldman Sachs BDC presently has an average rating of “Hold” and an average target price of $22.18.
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Several hedge funds have recently added to or reduced their stakes in GSBD. IFP Advisors Inc increased its stake in shares of Goldman Sachs BDC by 4.9% during the second quarter. IFP Advisors Inc now owns 4,553 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 211 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Goldman Sachs BDC by 49.7% during the first quarter. Global X Management Co. LLC now owns 5,698 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 1,892 shares in the last quarter. US Bancorp DE purchased a new stake in shares of Goldman Sachs BDC during the second quarter worth about $142,000. Palisade Capital Management LLC NJ purchased a new stake in shares of Goldman Sachs BDC during the second quarter worth about $203,000. Finally, Creative Planning increased its stake in shares of Goldman Sachs BDC by 102.7% during the second quarter. Creative Planning now owns 9,812 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 4,972 shares in the last quarter. 36.66% of the stock is owned by institutional investors and hedge funds.
Shares of Goldman Sachs BDC (GSBD) opened at 22.45 on Friday. The stock has a 50 day moving average price of $22.21 and a 200 day moving average price of $22.84. Goldman Sachs BDC has a 1-year low of $20.00 and a 1-year high of $25.60.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were given a $0.45 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.02%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 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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