Goldman Sachs BDC (NYSE:GSBD) posted its quarterly earnings data on Thursday. The financial services provider reported $0.47 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47, Bloomberg Earnings reports. Goldman Sachs BDC had a return on equity of 11.34% and a net margin of 32.19%. During the same quarter last year, the company posted $0.50 earnings per share.
Goldman Sachs BDC (NYSE:GSBD) traded down $0.11 during mid-day trading on Thursday, hitting $20.75. The stock had a trading volume of 58,475 shares, compared to its average volume of 104,891. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $836.72 and a price-to-earnings ratio of -94.32. Goldman Sachs BDC has a 1-year low of $20.11 and a 1-year high of $25.60.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.67%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently -818.18%.
In related news, Director Jaime Ardila purchased 8,108 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of $21.84 per share, for a total transaction of $177,078.72. Following the completion of the transaction, the director now directly owns 12,791 shares of the company’s stock, valued at $279,355.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.32% of the stock is owned by corporate insiders.
GSBD has been the subject of several research reports. National Securities reiterated a “neutral” rating and set a $22.00 price objective on shares of Goldman Sachs BDC in a research note on Monday, November 6th. Zacks Investment Research upgraded Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub lowered Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. Finally, TheStreet lowered Goldman Sachs BDC from a “b” rating to a “c+” rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Goldman Sachs BDC has a consensus rating of “Hold” and a consensus target price of $22.80.
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Goldman Sachs BDC Company Profile
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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