Goldman Sachs BDC (NYSE:GSBD) Issues Earnings Results, Misses Estimates By $0.03 EPS

Goldman Sachs BDC (NYSE:GSBD) issued its quarterly earnings data on Thursday. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03), Zacks reports. Goldman Sachs BDC had a net margin of 9.21% and a return on equity of 10.40%. The company had revenue of $74.99 million for the quarter, compared to the consensus estimate of $80.13 million.

Goldman Sachs BDC Stock Performance

Shares of NYSE:GSBD traded down $0.15 during midday trading on Friday, hitting $8.64. The company had a trading volume of 1,079,993 shares, compared to its average volume of 775,325. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market cap of $973.17 million, a price-to-earnings ratio of 33.25 and a beta of 0.62. Goldman Sachs BDC has a 12-month low of $8.35 and a 12-month high of $10.38. The company has a fifty day moving average of $9.23 and a two-hundred day moving average of $9.25.

Goldman Sachs BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 27th. Stockholders of record on Thursday, December 31st will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 14.8%. The ex-dividend date is Thursday, December 31st. Goldman Sachs BDC’s dividend payout ratio is 246.15%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GSBD shares. Zacks Research upgraded shares of Goldman Sachs BDC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 29th. Truist Financial raised their price target on Goldman Sachs BDC from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. Wall Street Zen raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings cut Goldman Sachs BDC from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Goldman Sachs BDC presently has a consensus rating of “Reduce” and an average target price of $8.75.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc (NYSE:GSBD) is a business development company that provides financing to privately owned, middle-market companies. The company seeks to generate income and long-term capital appreciation by investing primarily in debt securities and, to a lesser extent, equity interests.

GSBD’s portfolio may include senior secured loans, first-lien and unitranche investments, second-lien loans, subordinated debt, and equity-related investments. Its financing supports companies across a range of industries and is generally used for acquisitions, recapitalizations, growth initiatives, refinancing, and other corporate purposes.

Goldman Sachs BDC is externally managed by an affiliate of Goldman Sachs Asset Management and benefits from the investment platform and resources of the Goldman Sachs organization.