Goldman Sachs BDC, Inc. (NYSE:GSBD) Receives $9.75 Consensus Target Price from Brokerages

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) have received a consensus rating of “Reduce” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $9.75.

GSBD has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price target on Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, November 10th. Zacks Research upgraded Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. The Goldman Sachs Group assumed coverage on Goldman Sachs BDC in a research report on Monday, December 15th. They set a “neutral” rating and a $10.50 target price on the stock. Lucid Cap Mkts raised Goldman Sachs BDC to a “hold” rating in a research note on Monday, December 15th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Goldman Sachs BDC in a report on Monday, December 29th.

Goldman Sachs BDC Stock Performance

Shares of NYSE GSBD opened at $9.31 on Wednesday. The company has a 50-day simple moving average of $9.63 and a 200-day simple moving average of $10.48. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.81 and a quick ratio of 1.81. The company has a market cap of $1.06 billion, a PE ratio of 8.02 and a beta of 0.63. Goldman Sachs BDC has a 12 month low of $8.92 and a 12 month high of $13.44.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $91.60 million for the quarter, compared to the consensus estimate of $88.16 million. Goldman Sachs BDC had a net margin of 34.72% and a return on equity of 12.78%. On average, equities analysts anticipate that Goldman Sachs BDC will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 27th. Investors of record on Wednesday, December 31st will be issued a $0.32 dividend. The ex-dividend date is Wednesday, December 31st. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.04. This represents a $1.28 dividend on an annualized basis and a yield of 13.8%. Goldman Sachs BDC’s payout ratio is presently 110.34%.

Hedge Funds Weigh In On Goldman Sachs BDC

A number of large investors have recently bought and sold shares of the stock. Adams Asset Advisors LLC boosted its holdings in shares of Goldman Sachs BDC by 5.2% in the 4th quarter. Adams Asset Advisors LLC now owns 340,245 shares of the financial services provider’s stock valued at $3,157,000 after purchasing an additional 16,865 shares during the last quarter. ORG Partners LLC purchased a new position in shares of Goldman Sachs BDC in the 4th quarter worth $33,000. TrueMark Investments LLC acquired a new position in Goldman Sachs BDC in the fourth quarter valued at $902,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Goldman Sachs BDC by 1.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 355,305 shares of the financial services provider’s stock valued at $3,297,000 after acquiring an additional 4,263 shares during the last quarter. Finally, Norden Group LLC grew its position in Goldman Sachs BDC by 120.6% during the fourth quarter. Norden Group LLC now owns 99,887 shares of the financial services provider’s stock valued at $927,000 after acquiring an additional 54,602 shares during the period. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.