Goldman Sachs BDC Inc. (GSBD) Price Target Raised to $24.00
Goldman Sachs BDC Inc. (NYSE:GSBD) had its price objective raised by Citigroup Inc. from $21.00 to $24.00 in a report published on Wednesday morning. Citigroup Inc. currently has a buy rating on the stock.
Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Goldman Sachs BDC from a hold rating to a buy rating and set a $22.00 target price on the stock in a research report on Tuesday, July 12th. National Securities restated a buy rating and set a $23.00 target price on shares of Goldman Sachs BDC in a research report on Monday, August 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $22.30.
Shares of Goldman Sachs BDC (NYSE:GSBD) opened at 21.70 on Wednesday. Goldman Sachs BDC has a one year low of $16.66 and a one year high of $22.35. The stock’s 50 day moving average is $21.69 and its 200-day moving average is $20.34.
Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, August 4th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.01. Goldman Sachs BDC had a return on equity of 12.04% and a net margin of 21.58%. During the same quarter last year, the business earned $0.50 EPS. On average, equities research analysts forecast that Goldman Sachs BDC will post $2.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.29%. The ex-dividend date of this dividend is Wednesday, September 28th. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 243.24%.
Institutional investors have recently made changes to their positions in the stock. Citigroup Inc. increased its position in shares of Goldman Sachs BDC by 2.0% in the second quarter. Citigroup Inc. now owns 17,820 shares of the company’s stock valued at $356,000 after buying an additional 349 shares during the last quarter. Texas Yale Capital Corp. increased its position in shares of Goldman Sachs BDC by 0.7% in the second quarter. Texas Yale Capital Corp. now owns 75,450 shares of the company’s stock valued at $1,508,000 after buying an additional 500 shares during the last quarter. Berson & Corrado Investment Advisors LLC increased its position in shares of Goldman Sachs BDC by 4.2% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 24,910 shares of the company’s stock valued at $498,000 after buying an additional 1,000 shares during the last quarter. Starfire Investment Advisers Inc. purchased a new position in shares of Goldman Sachs BDC during the second quarter valued at about $248,000. Finally, GSA Capital Partners LLP increased its position in shares of Goldman Sachs BDC by 12.6% in the second quarter. GSA Capital Partners LLP now owns 22,715 shares of the company’s stock valued at $454,000 after buying an additional 2,537 shares during the last quarter. 29.96% of the stock is currently owned by institutional investors and hedge funds.
Goldman Sachs BDC Company Profile
Goldman Sachs BDC, Inc, formerly Goldman Sachs Liberty Harbor Capital, LLC, is a closed-end management investment company. The Company is focused on lending to middle-market companies. Its investment objective is to generate current income and capital appreciation through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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