Somewhat Positive Media Coverage Somewhat Unlikely to Impact Goldman Sachs BDC (GSBD) Share Price
Media stories about Goldman Sachs BDC (NYSE:GSBD) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. 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 news sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.8546944458103 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of research analysts have commented on the company. TheStreet upgraded Goldman Sachs BDC from a “c” rating to a “b-” rating in a research note on Wednesday, August 9th. Zacks Investment Research downgraded Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. 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, May 22nd. BidaskClub downgraded Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. 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 research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $22.65.
Goldman Sachs BDC (GSBD) opened at 21.52 on Wednesday. Goldman Sachs BDC has a 52-week low of $20.00 and a 52-week high of $25.60. The company’s 50 day moving average price is $22.35 and its 200 day moving average price is $23.45.
Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.15. The firm had revenue of $36 million during the quarter, compared to the consensus estimate of $33.66 million. Goldman Sachs BDC had a net margin of 35.73% and a return on equity of 11.54%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. On average, equities research analysts anticipate that Goldman Sachs BDC will post $2.07 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.80 annualized dividend and a yield of 8.36%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 139.54%.
In other Goldman Sachs BDC news, Director Ann B. Lane purchased 2,240 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was bought at an average cost of $22.32 per share, for a total transaction of $49,996.80. Following the completion of the transaction, the director now owns 2,240 shares in the company, valued at $49,996.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is currently owned by insiders.
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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