News coverage about Goldman Sachs BDC (NYSE:GSBD) has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Goldman Sachs BDC earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.8069109569005 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s rankings:
Several equities research analysts have issued reports on the company. TheStreet raised Goldman Sachs BDC from a “c” rating to a “b-” rating in a research note on Wednesday, August 9th. National Securities restated a “neutral” rating and set a $22.00 price target on shares of Goldman Sachs BDC in a research report on Monday, August 7th. BidaskClub upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research lowered Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Two equities 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 stock. The company has a consensus rating of “Hold” and a consensus target price of $22.18.
Goldman Sachs BDC (GSBD) opened at 21.81 on Friday. The company has a 50-day moving average price of $22.25 and a 200-day moving average price of $22.77. Goldman Sachs BDC has a 12-month low of $20.00 and a 12-month high of $25.60.
Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.15. The firm had revenue of $36.00 million for the quarter, compared to analyst estimates of $33.66 million. Goldman Sachs BDC had a net margin of 35.73% and a return on equity of 11.54%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. Equities analysts expect that Goldman Sachs BDC will post $2.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.25%. The ex-dividend date was Thursday, September 28th. Goldman Sachs BDC’s dividend payout ratio is presently 139.54%.
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About Goldman Sachs BDC
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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