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

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) have been given an average recommendation of “Reduce” by the seven research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $8.75.

GSBD has been the subject of a number of analyst reports. Wall Street Zen upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Bank of America reissued an “underperform” rating and set a $8.50 price objective (down from $9.00) on shares of Goldman Sachs BDC in a report on Thursday, July 9th. The Goldman Sachs Group downgraded Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 price objective for the company. in a report on Thursday, July 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Goldman Sachs BDC in a research note on Friday, August 28th. Finally, Zacks Research raised Goldman Sachs BDC from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th.

Goldman Sachs BDC Price Performance

Shares of NYSE:GSBD opened at $8.69 on Friday. Goldman Sachs BDC has a one year low of $8.35 and a one year high of $10.38. The stock has a fifty day moving average of $9.48 and a 200-day moving average of $9.29. The company has a market capitalization of $978.68 million, a PE ratio of 16.72 and a beta of 0.61. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.69 and a current ratio of 0.69.

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 the consensus estimate of $0.31 by $0.06. The company had revenue of $83.72 million for the quarter, compared to the consensus estimate of $78.89 million. Goldman Sachs BDC had a net margin of 17.19% and a return on equity of 11.04%. As a group, equities analysts anticipate that Goldman Sachs BDC will post 1.29 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 14.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Goldman Sachs BDC’s payout ratio is presently 246.15%.

Institutional Investors Weigh In On Goldman Sachs BDC

Hedge funds and other institutional investors have recently modified their holdings of the stock. Saxon Interests Inc. increased its position in Goldman Sachs BDC by 0.8% during the 1st quarter. Saxon Interests Inc. now owns 122,912 shares of the financial services provider’s stock valued at $1,091,000 after purchasing an additional 1,032 shares during the period. Sovran Advisors LLC boosted its position in shares of Goldman Sachs BDC by 14.4% during the first quarter. Sovran Advisors LLC now owns 14,245 shares of the financial services provider’s stock valued at $140,000 after buying an additional 1,790 shares during the last quarter. Southern Financial Group LLC raised its holdings in shares of Goldman Sachs BDC by 11.1% during the first quarter. Southern Financial Group LLC now owns 18,110 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 1,806 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in Goldman Sachs BDC by 3.9% in the first quarter. Arkadios Wealth Advisors now owns 54,217 shares of the financial services provider’s stock valued at $481,000 after acquiring an additional 2,047 shares during the period. Finally, PFG Investments LLC boosted its stake in shares of Goldman Sachs BDC by 3.3% during the 1st quarter. PFG Investments LLC now owns 72,858 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 2,319 shares during the last quarter. Institutional investors own 28.72% of the company’s stock.

About Goldman Sachs BDC

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.