Goldman Sachs BDC Inc (NYSE:GSBD) Receives Consensus Recommendation of “Buy” from Brokerages

Goldman Sachs BDC Inc (NYSE:GSBD) has earned an average recommendation of “Buy” from the seven brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $21.40.

A number of equities analysts recently issued reports on GSBD shares. Citigroup dropped their price target on shares of UnitedHealth Group from $288.00 to $247.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Raymond James reiterated a “neutral” rating and issued a $35.00 price target on shares of Stantec in a research note on Monday, May 13th. Wells Fargo & Co dropped their price target on shares of Nevro from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, May 13th. Zacks Investment Research upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Tuesday, July 16th. Finally, National Securities reiterated a “sell” rating and issued a $4.00 price target on shares of Prospect Capital in a research note on Monday, May 13th.

Institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its stake in Goldman Sachs BDC by 31.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,943 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 1,173 shares during the period. Azimuth Capital Management LLC increased its position in shares of Goldman Sachs BDC by 86.0% during the 1st quarter. Azimuth Capital Management LLC now owns 142,995 shares of the financial services provider’s stock valued at $2,937,000 after purchasing an additional 66,135 shares during the last quarter. Cetera Advisor Networks LLC increased its position in shares of Goldman Sachs BDC by 372.8% during the 4th quarter. Cetera Advisor Networks LLC now owns 60,148 shares of the financial services provider’s stock valued at $1,100,000 after purchasing an additional 47,426 shares during the last quarter. Legal & General Group Plc increased its position in shares of Goldman Sachs BDC by 13.7% during the 4th quarter. Legal & General Group Plc now owns 185,581 shares of the financial services provider’s stock valued at $3,417,000 after purchasing an additional 22,375 shares during the last quarter. Finally, Wedbush Securities Inc. purchased a new stake in shares of Goldman Sachs BDC during the 1st quarter valued at about $204,000. Institutional investors and hedge funds own 34.88% of the company’s stock.

Shares of GSBD stock traded up $0.02 during mid-day trading on Tuesday, reaching $19.82. 87,333 shares of the company’s stock traded hands, compared to its average volume of 114,390. Goldman Sachs BDC has a 12 month low of $17.73 and a 12 month high of $22.75. The firm has a market cap of $798.81 million, a P/E ratio of 9.62, a P/E/G ratio of 9.95 and a beta of 0.99. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.01. The firm’s 50-day simple moving average is $19.70.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Thursday, May 9th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.07. The company had revenue of $36.54 million for the quarter, compared to analysts’ expectations of $36.22 million. Goldman Sachs BDC had a net margin of 25.34% and a return on equity of 12.08%. Goldman Sachs BDC’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. On average, sell-side analysts expect that Goldman Sachs BDC will post 1.99 EPS for the current year.

The business 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. This represents a $1.80 annualized dividend and a yield of 9.08%. The ex-dividend date of this dividend was Thursday, June 27th. Goldman Sachs BDC’s dividend payout ratio 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.

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Analyst Recommendations for Goldman Sachs BDC (NYSE:GSBD)

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