Goldman Sachs BDC (GSBD) Earns Buy Rating from Wells Fargo & Co

Wells Fargo & Co restated their buy rating on shares of Goldman Sachs BDC (NYSE:GSBD) in a research report released on Wednesday morning.

Several other analysts also recently issued reports on the company. TheStreet downgraded Goldman Sachs BDC from a b- rating to a c+ rating in a report on Thursday, January 3rd. National Securities reiterated a buy rating and issued a $23.00 target price on shares of Goldman Sachs BDC in a report on Monday, November 5th. Goldman Sachs Group upped their target price on Goldman Sachs BDC and gave the company an outperform rating in a report on Monday, November 5th. Finally, Zacks Investment Research downgraded Goldman Sachs BDC from a buy rating to a hold rating in a report on Wednesday, October 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Goldman Sachs BDC presently has an average rating of Buy and an average price target of $22.96.

NYSE GSBD opened at $20.03 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market cap of $813.40 million, a price-to-earnings ratio of 9.68, a P/E/G ratio of 9.94 and a beta of 0.89. Goldman Sachs BDC has a 1 year low of $17.73 and a 1 year high of $22.75.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The firm had revenue of $38.00 million for the quarter, compared to the consensus estimate of $36.84 million. Goldman Sachs BDC had a return on equity of 10.93% and a net margin of 46.38%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 EPS. On average, sell-side analysts expect that Goldman Sachs BDC will post 1.98 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were paid a $0.45 dividend. The ex-dividend date was Friday, December 28th. This represents a $1.80 annualized dividend and a dividend yield of 8.99%. Goldman Sachs BDC’s payout ratio is 86.96%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MML Investors Services LLC grew its stake in shares of Goldman Sachs BDC by 28.6% in the 3rd quarter. MML Investors Services LLC now owns 13,535 shares of the financial services provider’s stock valued at $300,000 after buying an additional 3,014 shares in the last quarter. Texas Yale Capital Corp. grew its stake in shares of Goldman Sachs BDC by 7.4% in the 3rd quarter. Texas Yale Capital Corp. now owns 137,055 shares of the financial services provider’s stock valued at $3,040,000 after buying an additional 9,487 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Goldman Sachs BDC by 73.1% in the 3rd quarter. Mackenzie Financial Corp now owns 56,343 shares of the financial services provider’s stock valued at $1,250,000 after buying an additional 23,798 shares in the last quarter. CIBC World Markets Inc. grew its stake in shares of Goldman Sachs BDC by 3.2% in the 3rd quarter. CIBC World Markets Inc. now owns 438,909 shares of the financial services provider’s stock valued at $9,735,000 after buying an additional 13,574 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Goldman Sachs BDC in the 2nd quarter valued at approximately $645,000. 35.45% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Goldman Sachs BDC (NYSE:GSBD)

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