$34.62 Million in Sales Expected for Goldman Sachs BDC Inc (GSBD) This Quarter
Equities research analysts predict that Goldman Sachs BDC Inc (NYSE:GSBD) will report sales of $34.62 million for the current quarter, Zacks reports. Three analysts have provided estimates for Goldman Sachs BDC’s earnings, with the highest sales estimate coming in at $36.33 million and the lowest estimate coming in at $33.12 million. Goldman Sachs BDC reported sales of $30.49 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.5%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 27th.
On average, analysts expect that Goldman Sachs BDC will report full year sales of $34.62 million for the current fiscal year, with estimates ranging from $136.00 million to $138.95 million. For the next year, analysts expect that the company will report sales of $151.13 million per share, with estimates ranging from $148.40 million to $154.98 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Goldman Sachs BDC.
Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Goldman Sachs BDC had a return on equity of 11.34% and a net margin of 32.19%. The company had revenue of $34.40 million for the quarter, compared to analysts’ expectations of $33.56 million. During the same period last year, the business earned $0.51 EPS. Goldman Sachs BDC’s quarterly revenue was up 1.3% compared to the same quarter last year.
GSBD has been the topic of a number of recent research reports. National Securities reiterated a “neutral” rating and issued a $22.00 target price on shares of Goldman Sachs BDC in a report on Monday, November 6th. BidaskClub cut Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Zacks Investment Research lowered Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, TheStreet raised Goldman Sachs BDC from a “c” rating to a “b-” rating in a research report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $22.60.
In related news, Director Jaime Ardila purchased 8,108 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average cost of $21.84 per share, with a total value of $177,078.72. Following the transaction, the director now owns 12,791 shares of the company’s stock, valued at approximately $279,355.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.32% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Shelton Capital Management purchased a new stake in shares of Goldman Sachs BDC during the 3rd quarter valued at $502,000. Barnett & Company Inc. increased its position in shares of Goldman Sachs BDC by 3.0% during the 3rd quarter. Barnett & Company Inc. now owns 143,600 shares of the financial services provider’s stock valued at $3,277,000 after purchasing an additional 4,200 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Goldman Sachs BDC by 100.4% during the 3rd quarter. Private Advisor Group LLC now owns 222,748 shares of the financial services provider’s stock valued at $5,007,000 after purchasing an additional 111,573 shares during the last quarter. Pinebridge Investments L.P. increased its position in shares of Goldman Sachs BDC by 40.4% during the 3rd quarter. Pinebridge Investments L.P. now owns 13,968 shares of the financial services provider’s stock valued at $318,000 after purchasing an additional 4,022 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Goldman Sachs BDC by 12.1% during the 3rd quarter. Wells Fargo & Company MN now owns 142,384 shares of the financial services provider’s stock valued at $3,248,000 after purchasing an additional 15,356 shares during the last quarter. 36.49% of the stock is owned by hedge funds and other institutional investors.
Shares of Goldman Sachs BDC (NYSE:GSBD) traded up $0.10 on Thursday, hitting $22.45. The company had a trading volume of 32,460 shares, compared to its average volume of 146,250. Goldman Sachs BDC has a 12 month low of $21.00 and a 12 month high of $25.60. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. The company has a market cap of $896.92 and a PE ratio of -102.07.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date of this dividend is Thursday, December 28th. Goldman Sachs BDC’s payout ratio is currently -818.18%.
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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