Goldman Sachs BDC (GSBD) Earning Somewhat Favorable News Coverage, Study Shows
News headlines about Goldman Sachs BDC (NYSE:GSBD) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Goldman Sachs BDC earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.6360981647777 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- Chartists Place Goldman Sachs BDC Inc (GSBD) on Notice: Technical Update – Evergreen Caller (evergreencaller.com)
- Zacks: Analysts Anticipate Goldman Sachs BDC, Inc. (NYSE:GSBD) Will Announce Earnings of $0.47 Per Share (americanbankingnews.com)
- BidaskClub Upgrades Goldman Sachs BDC, Inc (overnewsmagazine.com)
- Contrasting Goldman Sachs BDC (GSBD) & BlackRock (BLK) (americanbankingnews.com)
- Goldman Sachs BDC’s (GSBD) CEO Brendan McGovern on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
Several analysts have recently commented on the company. National Securities restated a “neutral” rating and issued a $22.00 target price on shares of Goldman Sachs BDC in a research note on Monday. BidaskClub upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Raymond James Financial, Inc. upgraded Goldman Sachs BDC from a “market perform” rating to an “outperform” rating in a research note on Friday, May 26th. Finally, Goldman Sachs Group, Inc. (The) upgraded Goldman Sachs BDC from a “market perform” rating to an “outperform” rating in a research note on Friday, May 26th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $22.65.
Goldman Sachs BDC (NYSE GSBD) opened at 22.64 on Tuesday. Goldman Sachs BDC has a 52 week low of $19.98 and a 52 week high of $25.60. The stock has a 50 day moving average price of $22.62 and a 200-day moving average price of $23.74.
Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.15. Goldman Sachs BDC had a net margin of 35.73% and a return on equity of 11.81%. The firm had revenue of $36 million for the quarter, compared to analysts’ expectations of $33.66 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities analysts forecast that Goldman Sachs BDC will post $1.98 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date is Thursday, September 28th. Goldman Sachs BDC’s payout ratio is 139.54%.
In related news, Director Ann B. Lane bought 2,240 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were bought at an average price of $22.32 per share, for a total transaction of $49,996.80. Following the completion of the acquisition, the director now owns 2,240 shares of the company’s stock, valued at approximately $49,996.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ross Jay Kari bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was bought at an average price of $22.24 per share, for a total transaction of $111,200.00. The disclosure for this purchase can be found here. Company insiders own 0.32% of the company’s stock.
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Goldman Sachs BDC Company Profile
Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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