Goldman Sachs BDC, Inc. (NYSE:GSBD) Receives $8.75 Average Price Target from Brokerages

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) have been given an average recommendation of “Reduce” by the seven research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $8.75.

Several research firms recently weighed in on GSBD. Weiss Ratings restated a “hold (c-)” rating on shares of Goldman Sachs BDC in a research note on Friday, August 28th. Truist Financial boosted their price objective on shares of Goldman Sachs BDC from $9.00 to $10.00 and gave the company a “hold” rating in a report on Monday, August 10th. The Goldman Sachs Group cut Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 price objective for the company. in a research report on Thursday, July 9th. Bank of America reissued an “underperform” rating and issued a $8.50 target price (down from $9.00) on shares of Goldman Sachs BDC in a report on Thursday, July 9th. Finally, Wall Street Zen raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th.

Institutional Trading of Goldman Sachs BDC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Closed End Fund Advisors Inc. purchased a new position in shares of Goldman Sachs BDC during the 4th quarter worth $3,858,000. Saxon Interests Inc. purchased a new stake in shares of Goldman Sachs BDC in the 4th quarter worth $1,131,000. Legal & General Group Plc increased its stake in shares of Goldman Sachs BDC by 12.0% in the 4th quarter. Legal & General Group Plc now owns 800,209 shares of the financial services provider’s stock worth $7,422,000 after purchasing an additional 86,020 shares in the last quarter. One William Street Capital Management L.P. bought a new position in Goldman Sachs BDC in the 4th quarter worth $742,000. Finally, Cidel Asset Management Inc. bought a new position in Goldman Sachs BDC in the 2nd quarter worth $571,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs BDC Stock Down 1.0%

GSBD stock opened at $9.63 on Monday. Goldman Sachs BDC has a fifty-two week low of $8.35 and a fifty-two week high of $11.11. The business’s 50 day moving average price is $9.51 and its two-hundred day moving average price is $9.32. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 18.53 and a beta of 0.60.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, August 6th. The financial services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The company had revenue of $35.08 million during the quarter, compared to analysts’ expectations of $78.89 million. Goldman Sachs BDC had a return on equity of 11.04% and a net margin of 17.19%. As a group, analysts forecast that Goldman Sachs BDC will post 1.29 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, September 30th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.3%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 246.15%.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is a business development company that invests in privately held, middle-market businesses. The company seeks to generate income and provide long-term capital appreciation by making investments primarily in debt securities and, to a lesser extent, equity interests.

Goldman Sachs BDC’s portfolio typically includes senior secured loans, unitranche loans, second-lien loans and subordinated debt, along with equity investments such as warrants or other ownership interests.