Equities analysts expect that Goldman Sachs BDC Inc (NYSE:GSBD) will announce sales of $34.62 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Goldman Sachs BDC’s earnings, with estimates ranging from $33.12 million to $36.33 million. Goldman Sachs BDC reported sales of $30.49 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.5%. The business is expected to announce its next earnings results after the market closes on Thursday, February 22nd.
On average, analysts expect that Goldman Sachs BDC will report full year sales of $34.62 million for the current financial year, with estimates ranging from $136.00 million to $138.95 million. For the next year, analysts anticipate that the company will post sales of $151.13 million per share, with estimates ranging from $148.40 million to $154.98 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover Goldman Sachs BDC.
A number of brokerages have weighed in on GSBD. TheStreet raised shares of Goldman Sachs BDC from a “c” rating to a “b-” rating in a research report on Thursday, December 21st. Zacks Investment Research cut shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 3rd. BidaskClub cut shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. Finally, National Securities reaffirmed a “neutral” rating and set a $22.00 price target on shares of Goldman Sachs BDC in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Goldman Sachs BDC currently has a consensus rating of “Hold” and an average price target of $22.80.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Shelton Capital Management lifted its position in shares of Goldman Sachs BDC by 153.6% during the fourth quarter. Shelton Capital Management now owns 55,800 shares of the financial services provider’s stock worth $1,238,000 after purchasing an additional 33,800 shares in the last quarter. Monument Capital Management acquired a new position in shares of Goldman Sachs BDC during the fourth quarter worth $1,263,000. SeaCrest Wealth Management LLC acquired a new position in shares of Goldman Sachs BDC during the fourth quarter worth $104,000. CIBC World Markets Inc. lifted its position in shares of Goldman Sachs BDC by 21.8% during the fourth quarter. CIBC World Markets Inc. now owns 304,940 shares of the financial services provider’s stock worth $6,764,000 after purchasing an additional 54,540 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. lifted its position in shares of Goldman Sachs BDC by 5.4% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 84,600 shares of the financial services provider’s stock worth $1,876,000 after purchasing an additional 4,350 shares in the last quarter. 36.29% of the stock is currently owned by institutional investors and hedge funds.
Goldman Sachs BDC (NYSE GSBD) opened at $20.97 on Wednesday. The firm has a market cap of $825.89, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 2.11 and a beta of 0.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 0.83. Goldman Sachs BDC has a 12-month low of $20.11 and a 12-month high of $25.60.
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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