Goldman Sachs BDC, Inc. (GSBD) Given Average Recommendation of “Hold” by Brokerages
Goldman Sachs BDC, Inc. (NYSE:GSBD) has been assigned a consensus rating of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $23.13.
A number of analysts have commented on the company. BidaskClub downgraded Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Saturday. TheStreet upgraded Goldman Sachs BDC from a “c” rating to a “b-” rating in a research report on Wednesday, August 9th. National Securities reiterated a “neutral” rating and issued a $22.00 price objective on shares of Goldman Sachs BDC in a research report on Monday, August 7th. Finally, Zacks Investment Research downgraded Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th.
Several institutional investors have recently bought and sold shares of GSBD. Legal & General Group Plc lifted its position in shares of Goldman Sachs BDC by 6.9% during the 1st quarter. Legal & General Group Plc now owns 88,175 shares of the financial services provider’s stock worth $2,172,000 after buying an additional 5,700 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in shares of Goldman Sachs BDC during the 1st quarter worth approximately $254,000. KCG Holdings Inc. bought a new position in shares of Goldman Sachs BDC during the 1st quarter worth approximately $365,000. Bank of America Corp DE lifted its position in shares of Goldman Sachs BDC by 44.3% during the 1st quarter. Bank of America Corp DE now owns 156,233 shares of the financial services provider’s stock worth $3,849,000 after buying an additional 47,997 shares during the period. Finally, Confluence Investment Management LLC lifted its position in shares of Goldman Sachs BDC by 13.7% during the 2nd quarter. Confluence Investment Management LLC now owns 150,692 shares of the financial services provider’s stock worth $3,394,000 after buying an additional 18,198 shares during the period. Institutional investors and hedge funds own 36.74% of the company’s stock.
Shares of Goldman Sachs BDC (NYSE GSBD) opened at 22.24 on Friday. Goldman Sachs BDC has a 52-week low of $20.00 and a 52-week high of $25.60. The company’s 50 day moving average price is $22.28 and its 200 day moving average price is $22.74.
Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.15. Goldman Sachs BDC had a return on equity of 11.54% and a net margin of 35.73%. The company had revenue of $36.00 million during the quarter, compared to the consensus estimate of $33.66 million. During the same quarter last year, the company earned $0.49 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts anticipate that Goldman Sachs BDC will post $2.07 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.80 annualized dividend and a dividend yield of 8.09%. Goldman Sachs BDC’s dividend payout ratio (DPR) 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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