Goldman Sachs BDC, Inc. (NYSE:GSBD) Given Average Rating of “Reduce” by Analysts

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) have been given an average rating of “Reduce” by the five brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $9.75.

GSBD has been the topic of a number of research reports. Lucid Cap Mkts upgraded shares of Goldman Sachs BDC to a “hold” rating in a report on Monday, December 15th. Wells Fargo & Company lowered their price target on shares of Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Monday, November 10th. Zacks Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. The Goldman Sachs Group assumed coverage on shares of Goldman Sachs BDC in a research note on Monday, December 15th. They set a “neutral” rating and a $10.50 target price for the company. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Goldman Sachs BDC in a report on Monday.

Hedge Funds Weigh In On Goldman Sachs BDC

Institutional investors and hedge funds have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC purchased a new position in shares of Goldman Sachs BDC in the 2nd quarter worth about $97,711,000. Generali Asset Management SPA SGR increased its stake in Goldman Sachs BDC by 52.3% during the 2nd quarter. Generali Asset Management SPA SGR now owns 3,294,022 shares of the financial services provider’s stock valued at $37,058,000 after purchasing an additional 1,131,403 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Goldman Sachs BDC by 412.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,103,870 shares of the financial services provider’s stock valued at $12,419,000 after purchasing an additional 888,608 shares in the last quarter. Ares Management LLC purchased a new position in Goldman Sachs BDC in the first quarter worth about $5,373,000. Finally, Osaic Holdings Inc. lifted its stake in shares of Goldman Sachs BDC by 176.0% in the second quarter. Osaic Holdings Inc. now owns 520,676 shares of the financial services provider’s stock worth $5,858,000 after buying an additional 332,002 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors.

Goldman Sachs BDC Stock Performance

Goldman Sachs BDC stock opened at $9.60 on Friday. Goldman Sachs BDC has a fifty-two week low of $9.35 and a fifty-two week high of $13.44. The stock’s 50 day simple moving average is $9.82 and its two-hundred day simple moving average is $10.74. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 8.28 and a beta of 0.64.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, November 6th. The financial services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $91.60 million during the quarter, compared to analysts’ expectations of $88.16 million. Goldman Sachs BDC had a return on equity of 12.78% and a net margin of 34.72%. As a group, analysts expect that Goldman Sachs BDC will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 27th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.32 per share. The ex-dividend date is Wednesday, December 31st. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.04. This represents a $1.28 dividend on an annualized basis and a yield of 13.3%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 110.34%.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.