Goldman Sachs BDC (NYSE:GSBD) released its quarterly earnings results on Thursday. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01, Bloomberg Earnings reports. Goldman Sachs BDC had a net margin of 24.25% and a return on equity of 12.00%. The firm had revenue of $38.40 million for the quarter, compared to analysts’ expectations of $37.76 million. During the same quarter last year, the company earned $0.50 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year.
GSBD traded down $0.05 on Friday, hitting $19.87. 163,341 shares of the company’s stock were exchanged, compared to its average volume of 100,183. Goldman Sachs BDC has a fifty-two week low of $17.73 and a fifty-two week high of $22.75. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.78 and a current ratio of 0.78. The firm’s 50-day simple moving average is $19.89. The company has a market capitalization of $802.83 million, a PE ratio of 9.65, a price-to-earnings-growth ratio of 10.00 and a beta of 0.99.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.80 annualized dividend and a yield of 9.06%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 87.38%.
A number of institutional investors and hedge funds have recently made changes to their positions in GSBD. Greenwich Investment Management Inc. boosted its stake in shares of Goldman Sachs BDC by 28.0% during the second quarter. Greenwich Investment Management Inc. now owns 121,470 shares of the financial services provider’s stock valued at $2,389,000 after acquiring an additional 26,595 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Goldman Sachs BDC by 10.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 33,795 shares of the financial services provider’s stock worth $664,000 after buying an additional 3,113 shares during the last quarter. Monument Capital Management boosted its stake in Goldman Sachs BDC by 3.7% in the 2nd quarter. Monument Capital Management now owns 59,231 shares of the financial services provider’s stock worth $1,164,000 after buying an additional 2,088 shares during the last quarter. Jag Capital Management LLC acquired a new stake in Goldman Sachs BDC in the 2nd quarter worth about $969,000. Finally, Commonwealth Equity Services LLC acquired a new stake in Goldman Sachs BDC in the 2nd quarter worth about $252,000. 34.87% of the stock is currently owned by institutional investors.
GSBD has been the topic of a number of research analyst reports. Wells Fargo & Co reissued a “market perform” rating and issued a $20.00 price target (down previously from $20.50) on shares of Goldman Sachs BDC in a research note on Monday, May 13th. Zacks Investment Research raised shares of Goldman Sachs BDC from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, July 16th. Raymond James reaffirmed an “outperform” rating and set a $22.00 target price (down previously from $23.00) on shares of Goldman Sachs BDC in a research note on Monday, May 13th. Citigroup lowered their target price on shares of Goldman Sachs BDC from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Finally, National Securities reaffirmed a “buy” rating and set a $22.00 target price on shares of Goldman Sachs BDC in a research note on Monday, May 13th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Goldman Sachs BDC has a consensus rating of “Buy” and an average target price of $21.40.
Goldman Sachs BDC Company Profile
Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.
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