$37.23 Million in Sales Expected for Goldman Sachs BDC Inc (GSBD) This Quarter
Equities analysts expect that Goldman Sachs BDC Inc (NYSE:GSBD) will report sales of $37.23 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Goldman Sachs BDC’s earnings, with estimates ranging from $34.66 million to $39.16 million. Goldman Sachs BDC posted sales of $34.20 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.9%. The company is expected to announce its next earnings report on Thursday, February 28th.
According to Zacks, analysts expect that Goldman Sachs BDC will report full-year sales of $147.85 million for the current fiscal year, with estimates ranging from $145.00 million to $149.92 million. For the next year, analysts expect that the business will report sales of $158.98 million, with estimates ranging from $146.00 million to $168.44 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Goldman Sachs BDC.
Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. The business had revenue of $38.00 million during the quarter, compared to the consensus estimate of $36.84 million. Goldman Sachs BDC had a return on equity of 10.93% and a net margin of 46.38%. Goldman Sachs BDC’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share.
A number of hedge funds and other institutional investors have recently modified their holdings of GSBD. Credit Suisse AG boosted its position in Goldman Sachs BDC by 473.4% during the third quarter. Credit Suisse AG now owns 238,000 shares of the financial services provider’s stock valued at $5,279,000 after purchasing an additional 196,492 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Goldman Sachs BDC by 100.3% in the third quarter. Private Advisor Group LLC now owns 165,729 shares of the financial services provider’s stock valued at $3,676,000 after buying an additional 82,999 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Goldman Sachs BDC by 257.3% in the second quarter. CIBC Private Wealth Group LLC now owns 96,103 shares of the financial services provider’s stock valued at $1,968,000 after buying an additional 69,203 shares during the last quarter. Cliffwater LLC lifted its position in shares of Goldman Sachs BDC by 66.3% in the third quarter. Cliffwater LLC now owns 135,020 shares of the financial services provider’s stock valued at $2,995,000 after buying an additional 53,845 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Goldman Sachs BDC in the second quarter valued at approximately $645,000. 34.66% of the stock is owned by hedge funds and other institutional investors.
NYSE GSBD traded up $0.33 during trading hours on Friday, hitting $21.05. 110,920 shares of the company traded hands, compared to its average volume of 117,915. Goldman Sachs BDC has a twelve month low of $18.78 and a twelve month high of $22.75. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market capitalization of $854.84 million, a PE ratio of 10.17, a price-to-earnings-growth ratio of 10.72 and a beta of 0.82.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be given a dividend of $0.45 per share. The ex-dividend date is Friday, December 28th. This represents a $1.80 annualized dividend and a yield of 8.55%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 86.96%.
About Goldman Sachs BDC
Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.
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