Goldman Sachs BDC, Inc. (GSBD) To Go Ex-Dividend on September 30th

Goldman Sachs BDC, Inc. (NYSE:GSBD) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.32 per share by the financial services provider on Wednesday, October 28th. This represents a c) annualized dividend and a dividend yield of 13.1%. The ex-dividend date is Wednesday, September 30th.

Goldman Sachs BDC has raised its dividend payment by an average of 0.0%per year over the last three years. Goldman Sachs BDC has a payout ratio of 92.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Goldman Sachs BDC to earn $1.07 per share next year, which means the company may not be able to cover its $1.28 annual dividend with an expected future payout ratio of 119.6%.

Goldman Sachs BDC Trading Up 7.4%

Shares of NYSE:GSBD opened at $9.77 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39. The stock has a market cap of $1.10 billion, a PE ratio of 18.78 and a beta of 0.57. The business has a 50 day moving average of $9.07 and a 200-day moving average of $9.19. Goldman Sachs BDC has a 12-month low of $8.35 and a 12-month high of $11.62.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Thursday, August 6th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Goldman Sachs BDC had a net margin of 17.19% and a return on equity of 10.92%. The company had revenue of $35.08 million during the quarter, compared to analysts’ expectations of $78.89 million. As a group, equities research analysts forecast that Goldman Sachs BDC will post 1.15 earnings per share for the current year.

Institutional Investors Weigh In On Goldman Sachs BDC

Several hedge funds and other institutional investors have recently modified their holdings of the company. Southern Financial Group LLC lifted its holdings in shares of Goldman Sachs BDC by 11.1% in the 1st quarter. Southern Financial Group LLC now owns 18,110 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 1,806 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Goldman Sachs BDC by 1.2% in the first quarter. Bank of America Corp DE now owns 997,570 shares of the financial services provider’s stock valued at $8,858,000 after buying an additional 11,915 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Goldman Sachs BDC by 3.9% during the first quarter. Arkadios Wealth Advisors now owns 54,217 shares of the financial services provider’s stock valued at $481,000 after buying an additional 2,047 shares during the last quarter. Entropy Technologies LP increased its position in shares of Goldman Sachs BDC by 49.8% during the first quarter. Entropy Technologies LP now owns 31,462 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 10,463 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Goldman Sachs BDC by 13.4% during the first quarter. Cetera Investment Advisers now owns 85,417 shares of the financial services provider’s stock worth $759,000 after acquiring an additional 10,111 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

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.