Goldman Sachs BDC, Inc. (GSBD) – What Are Analysts Saying About This Stock?

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) have earned an average recommendation of “Reduce” from the seven analysts that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $8.75.

GSBD has been the subject of several research analyst reports. Truist Financial increased their price objective on Goldman Sachs BDC from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. Weiss Ratings cut Goldman Sachs BDC from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, November 4th. Zacks Research upgraded Goldman Sachs BDC from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Finally, Wall Street Zen raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Private Management Group Inc. raised its stake in shares of Goldman Sachs BDC by 5.0% during the 3rd quarter. Private Management Group Inc. now owns 5,440,142 shares of the financial services provider’s stock worth $49,451,000 after purchasing an additional 261,504 shares in the last quarter. Bank of America Corp DE grew its position in Goldman Sachs BDC by 1.2% in the 1st quarter. Bank of America Corp DE now owns 997,570 shares of the financial services provider’s stock worth $8,858,000 after purchasing an additional 11,915 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Goldman Sachs BDC by 1.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 711,783 shares of the financial services provider’s stock worth $6,470,000 after buying an additional 10,000 shares in the last quarter. Columbus Macro LLC grew its holdings in shares of Goldman Sachs BDC by 6.4% during the 3rd quarter. Columbus Macro LLC now owns 659,477 shares of the financial services provider’s stock worth $5,995,000 after purchasing an additional 39,626 shares in the last quarter. Finally, GraniteShares Advisors LLC increased its holdings in Goldman Sachs BDC by 1.6% in the 3rd quarter. GraniteShares Advisors LLC now owns 295,354 shares of the financial services provider’s stock valued at $2,685,000 after buying an additional 4,566 shares during the period. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Price Performance

GSBD opened at $8.60 on Tuesday. The stock has a fifty day moving average of $9.20 and a 200-day moving average of $9.24. The firm has a market capitalization of $967.65 million, a P/E ratio of 33.06 and a beta of 0.62. Goldman Sachs BDC has a 12-month low of $8.35 and a 12-month high of $10.38. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.36.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, November 5th. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). Goldman Sachs BDC had a return on equity of 11.04% and a net margin of 17.19%. The business had revenue of $74.99 million during the quarter, compared to analyst estimates of $80.13 million. Equities analysts forecast that Goldman Sachs BDC will post 1.30 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 27th. Investors of record on Thursday, December 31st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.28 dividend on an annualized basis and a yield of 14.9%. Goldman Sachs BDC’s payout ratio is presently 492.31%.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE:GSBD) is a business development company that provides financing to privately owned, middle-market companies. The company seeks to generate income and long-term capital appreciation by investing primarily in debt securities and, to a lesser extent, equity interests.

GSBD’s portfolio may include senior secured loans, first-lien and unitranche investments, second-lien loans, subordinated debt, and equity-related investments. Its financing supports companies across a range of industries and is generally used for acquisitions, recapitalizations, growth initiatives, refinancing, and other corporate purposes.

Goldman Sachs BDC is externally managed by an affiliate of Goldman Sachs Asset Management and benefits from the investment platform and resources of the Goldman Sachs organization.