Analysts Set Goldman Sachs BDC, Inc. (NYSE:GSBD) Price Target at $9.50

Goldman Sachs BDC, Inc. (NYSE:GSBD) has received a consensus recommendation of “Reduce” from the six research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $9.50.

A number of analysts recently commented on the company. Lucid Cap Mkts raised Goldman Sachs BDC to a “hold” rating in a research report on Monday, December 15th. The Goldman Sachs Group assumed coverage on Goldman Sachs BDC in a research note on Monday, December 15th. They issued a “neutral” rating and a $10.50 price objective for the company. Wells Fargo & Company decreased their price objective on Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, March 2nd. Zacks Research raised Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, Wall Street Zen cut Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Saturday.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GSBD. MTM Investment Management LLC acquired a new stake in shares of Goldman Sachs BDC in the 2nd quarter worth about $25,000. ORG Partners LLC acquired a new position in Goldman Sachs BDC during the 4th quarter valued at about $33,000. CWM LLC boosted its stake in Goldman Sachs BDC by 187.8% during the 3rd quarter. CWM LLC now owns 4,864 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 3,174 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Goldman Sachs BDC during the 3rd quarter worth approximately $51,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Goldman Sachs BDC in the second quarter worth approximately $62,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Price Performance

Shares of NYSE GSBD opened at $9.35 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.81 and a debt-to-equity ratio of 1.32. The firm has a market cap of $1.05 billion, a P/E ratio of 8.99 and a beta of 0.62. The business’s 50 day moving average is $9.29 and its 200-day moving average is $9.93. Goldman Sachs BDC has a 1-year low of $8.81 and a 1-year high of $12.48.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, February 26th. The financial services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $38.79 million during the quarter, compared to the consensus estimate of $87.18 million. Goldman Sachs BDC had a net margin of 32.62% and a return on equity of 12.23%. Equities research analysts predict that Goldman Sachs BDC will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.32 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.28 annualized dividend and a yield of 13.7%. Goldman Sachs BDC’s dividend payout ratio is presently 123.08%.

Goldman Sachs BDC Company Profile

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.