Goldman Sachs BDC (NYSE:GSBD) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Goldman Sachs BDC (NYSE:GSBD) announced its quarterly earnings data on Thursday. The financial services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01, FiscalAI reports. Goldman Sachs BDC had a return on equity of 12.78% and a net margin of 34.72%.The firm had revenue of $38.79 million during the quarter, compared to analysts’ expectations of $87.18 million.

Goldman Sachs BDC Stock Up 0.5%

Shares of GSBD stock traded up $0.05 during trading on Friday, reaching $9.22. The company’s stock had a trading volume of 1,182,296 shares, compared to its average volume of 1,501,361. Goldman Sachs BDC has a one year low of $8.92 and a one year high of $13.30. The business has a fifty day moving average price of $9.33 and a 200-day moving average price of $10.03. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 7.94 and a beta of 0.62. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.27.

Goldman Sachs BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, March 31st will be issued a $0.32 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.9%. Goldman Sachs BDC’s dividend payout ratio (DPR) is 110.34%.

More Goldman Sachs BDC News

Here are the key news stories impacting Goldman Sachs BDC this week:

• Positive Sentiment: Board announced a first-quarter 2026 base dividend of $0.32 per share and a fourth-quarter 2025 supplemental dividend of $0.03 per share (high current yield ~13.9%), with ex-dates in March and pay dates in March/April — supports income investors. Goldman Sachs BDC, Inc. Reports December 31, 2025 Financial Results and Announces First Quarterly 2026 Base Dividend of $0.32 Per Share and Fourth Quarter 2025 Supplemental Dividend of $0.03 Per Share.
• Positive Sentiment: Q4 net investment income (NII) per share of $0.37 beat the $0.36 consensus and equates to an annualized NII yield on book value of ~11.7% — slight beat helps near-term earnings credibility. Goldman Sachs BDC (GSBD) Surpasses Q4 Earnings Estimates
• Neutral Sentiment: Company filed its Form 10-K and released the full earnings press release — useful for investors doing due diligence but not an immediate catalyst. Goldman Sachs BDC, Inc. Reports December 31, 2025 Financial Results and Announces First Quarterly 2026 Base Dividend of $0.32 Per Share and Fourth Quarter 2025 Supplemental Dividend of $0.03 Per Share.
• Neutral Sentiment: Full Q4 earnings call transcript published — useful to hear management’s commentary on credit quality, portfolio activity and dividend sustainability. Goldman Sachs BDC (GSBD) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Reported revenue (investment income) was $38.79M vs. a consensus of ~$87.18M — the large gap may reflect volatile realized gains/fees and could worry investors focused on top-line stability. Goldman Sachs BDC earnings report and transcript
• Negative Sentiment: Short interest jumped ~64.5% in February to ~4.33M shares (about 3.8% of shares), signaling increased bearish bets that could pressure the stock if negative sentiment persists.
• Neutral Sentiment: Industry coverage notes BDC sector-wide headwinds (credit spreads, liquidity/fee pressure) — a macro/contextual factor investors should monitor for GSBD sensitivity. Goldman Sachs BDC earnings in focus as sector faces headwinds

Analyst Upgrades and Downgrades

Several research firms have weighed in on GSBD. Lucid Cap Mkts raised Goldman Sachs BDC to a “hold” rating in a research note on Monday, December 15th. Zacks Research upgraded shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Wells Fargo & Company decreased their price objective on shares of Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Monday, November 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Goldman Sachs BDC in a report on Monday, December 29th. Finally, The Goldman Sachs Group initiated coverage on shares of Goldman Sachs BDC in a research report on Monday, December 15th. They set a “neutral” rating and a $10.50 price target on the stock. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $9.75.

Institutional Investors Weigh In On Goldman Sachs BDC

Several institutional investors and hedge funds have recently added to or reduced their stakes in GSBD. Invesco Ltd. grew its holdings in shares of Goldman Sachs BDC by 40.1% in the 4th quarter. Invesco Ltd. now owns 1,490,799 shares of the financial services provider’s stock valued at $13,835,000 after acquiring an additional 426,859 shares in the last quarter. Ares Management LLC boosted its holdings in shares of Goldman Sachs BDC by 77.0% in the 4th quarter. Ares Management LLC now owns 1,413,058 shares of the financial services provider’s stock valued at $13,113,000 after buying an additional 614,637 shares during the last quarter. UBS Group AG grew its stake in shares of Goldman Sachs BDC by 27.2% in the third quarter. UBS Group AG now owns 1,360,013 shares of the financial services provider’s stock valued at $13,831,000 after buying an additional 290,737 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in Goldman Sachs BDC by 412.8% during the second quarter. Balyasny Asset Management L.P. now owns 1,103,870 shares of the financial services provider’s stock worth $12,419,000 after buying an additional 888,608 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Goldman Sachs BDC by 14.7% during the third quarter. Bank of America Corp DE now owns 989,965 shares of the financial services provider’s stock worth $10,068,000 after acquiring an additional 127,036 shares in the last quarter. 28.72% of the stock is owned by institutional investors.

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.