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

Goldman Sachs BDC, Inc. (NYSE:GSBD) has received an average rating of “Reduce” from the six analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $9.1667.

Several analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Goldman Sachs BDC in a research note on Tuesday, June 2nd. Truist Financial cut their target price on Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Tuesday, May 19th. Zacks Research lowered Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Finally, Wall Street Zen downgraded Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th.

Goldman Sachs BDC Stock Down 1.7%

Shares of NYSE GSBD opened at $9.03 on Wednesday. The company has a 50 day simple moving average of $9.24 and a 200 day simple moving average of $9.28. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.11 and a quick ratio of 1.11. Goldman Sachs BDC has a 1 year low of $8.65 and a 1 year high of $12.03. The firm has a market cap of $1.02 billion, a PE ratio of 13.88 and a beta of 0.56.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.07). The business had revenue of $10.35 million during the quarter, compared to analyst estimates of $83.78 million. Goldman Sachs BDC had a net margin of 21.32% and a return on equity of 10.94%. On average, research analysts forecast that Goldman Sachs BDC will post 1.15 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Tuesday, June 30th will be given a $0.32 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.2%. Goldman Sachs BDC’s payout ratio is 196.92%.

Institutional Investors Weigh In On Goldman Sachs BDC

Large investors have recently modified their holdings of the company. ORG Partners LLC bought a new position in Goldman Sachs BDC during the fourth quarter worth $33,000. Quantbot Technologies LP bought a new position in shares of Goldman Sachs BDC in the 2nd quarter worth about $62,000. Kestra Advisory Services LLC bought a new position in shares of Goldman Sachs BDC in the 4th quarter worth about $57,000. Advisory Services Network LLC bought a new stake in shares of Goldman Sachs BDC during the 3rd quarter valued at about $68,000. Finally, SHP Wealth Management bought a new stake in shares of Goldman Sachs BDC during the 4th quarter valued at about $63,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

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.