BidaskClub cut shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) from a hold rating to a sell rating in a research report report published on Saturday morning.
Several other research firms also recently issued reports on GSBD. National Securities reaffirmed a neutral rating and set a $22.00 price target on shares of Goldman Sachs BDC in a research note on Monday, August 7th. Zacks Investment Research downgraded Goldman Sachs BDC from a hold rating to a sell rating in a research note on Tuesday, October 17th. Finally, TheStreet raised Goldman Sachs BDC from a c rating to a b- rating in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $22.18.
Shares of Goldman Sachs BDC (NYSE:GSBD) opened at 22.40 on Friday. Goldman Sachs BDC has a 12 month low of $20.00 and a 12 month high of $25.60. The stock has a 50 day moving average of $22.31 and a 200-day moving average of $22.69.
Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.15. The business had revenue of $36.00 million during the quarter, compared to the consensus estimate of $33.66 million. Goldman Sachs BDC had a return on equity of 11.54% and a net margin of 35.73%. The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 EPS. On average, equities research analysts expect that Goldman Sachs BDC will post $2.07 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.04%. The ex-dividend date of this dividend was Thursday, September 28th. Goldman Sachs BDC’s payout ratio is 139.54%.
A number of hedge funds have recently made changes to their positions in GSBD. IFP Advisors Inc raised its stake in Goldman Sachs BDC by 4.9% in the 2nd quarter. IFP Advisors Inc now owns 4,553 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 211 shares during the last quarter. US Bancorp DE acquired a new position in Goldman Sachs BDC in the 2nd quarter valued at about $142,000. Advisors Capital Management LLC acquired a new position in Goldman Sachs BDC in the 3rd quarter valued at about $202,000. Palisade Capital Management LLC NJ acquired a new position in Goldman Sachs BDC in the 2nd quarter valued at about $203,000. Finally, Creative Planning raised its stake in Goldman Sachs BDC by 102.7% in the 2nd quarter. Creative Planning now owns 9,812 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 4,972 shares during the last quarter. 36.81% of the stock is owned by hedge funds and other institutional investors.
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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