Goldman Sachs BDC Inc (NYSE:GSBD) has been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $21.25.
GSBD has been the topic of several analyst reports. TheStreet lowered shares of Goldman Sachs BDC from a “b-” rating to a “c” rating in a research report on Monday, November 25th. ValuEngine raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Finally, Zacks Investment Research lowered shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 12th.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Optimum Investment Advisors bought a new stake in Goldman Sachs BDC during the third quarter worth $78,000. Centaurus Financial Inc. bought a new stake in Goldman Sachs BDC during the second quarter worth $134,000. Advisors Capital Management LLC bought a new stake in Goldman Sachs BDC during the fourth quarter worth $210,000. Cetera Advisor Networks LLC raised its position in Goldman Sachs BDC by 9.8% during the third quarter. Cetera Advisor Networks LLC now owns 12,318 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 1,096 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in Goldman Sachs BDC by 58.7% during the third quarter. California Public Employees Retirement System now owns 17,300 shares of the financial services provider’s stock worth $348,000 after acquiring an additional 6,400 shares in the last quarter. 35.22% of the stock is currently owned by hedge funds and other institutional investors.
Shares of GSBD stock traded up $0.04 during trading on Tuesday, reaching $21.24. The company’s stock had a trading volume of 167,119 shares, compared to its average volume of 133,613. The business has a fifty day moving average price of $21.33 and a 200-day moving average price of $20.38. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.06. The company has a market cap of $857.86 million, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 11.39 and a beta of 0.98. Goldman Sachs BDC has a one year low of $18.71 and a one year high of $22.47.
Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.47. The business had revenue of $36.86 million for the quarter, compared to analyst estimates of $39.61 million. Goldman Sachs BDC had a net margin of 17.59% and a return on equity of 11.89%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Research analysts anticipate that Goldman Sachs BDC will post 1.98 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.47%. The ex-dividend date is Monday, December 30th. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 87.38%.
About Goldman Sachs BDC
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.
Read More: Derivative
Receive News & Ratings for Goldman Sachs BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs BDC and related companies with MarketBeat.com's FREE daily email newsletter.