Goldman Sachs BDC, Inc. (GSBD) Receives Consensus Recommendation of “Hold” from Analysts
Goldman Sachs BDC, Inc. (NYSE:GSBD) has been given an average recommendation of “Hold” by the ten analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.00.
Several equities research analysts have recently commented on the company. BidaskClub upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. TheStreet upgraded Goldman Sachs BDC from a “c” rating to a “b-” rating in a research note on Wednesday, August 9th. National Securities reaffirmed a “neutral” rating and set a $22.00 price objective on shares of Goldman Sachs BDC in a report on Monday, November 6th. Finally, Zacks Investment Research lowered Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th.
Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc grew its holdings in Goldman Sachs BDC by 4.9% in the second quarter. IFP Advisors Inc now owns 4,553 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 211 shares during the last quarter. US Bancorp DE acquired a new stake in Goldman Sachs BDC in the second quarter valued at $142,000. Global X MANAGEMENT CO LLC grew its holdings in Goldman Sachs BDC by 49.5% in the third quarter. Global X MANAGEMENT CO LLC now owns 8,384 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 2,776 shares during the last quarter. Advisors Capital Management LLC acquired a new stake in Goldman Sachs BDC in the third quarter valued at $202,000. Finally, Palisade Capital Management LLC NJ acquired a new stake in Goldman Sachs BDC in the second quarter valued at $203,000. 36.56% of the stock is currently owned by institutional investors.
Shares of Goldman Sachs BDC (NYSE GSBD) opened at $22.14 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. Goldman Sachs BDC has a 52 week low of $21.00 and a 52 week high of $25.60. The firm has a market capitalization of $882.47, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 2.13 and a beta of 0.84.
Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.47 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. Goldman Sachs BDC had a return on equity of 11.34% and a net margin of 32.19%. The business had revenue of $34.40 million during the quarter, compared to analysts’ expectations of $33.56 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. equities research analysts expect that Goldman Sachs BDC will post 2.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 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 8.13%. The ex-dividend date is Thursday, December 28th. Goldman Sachs BDC’s dividend payout ratio is presently 160.71%.
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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