Goldman Sachs BDC, Inc. (NYSE:GSBD) Given Consensus Rating of “Reduce” by Brokerages

Goldman Sachs BDC, Inc. (NYSE:GSBD) has been assigned a consensus recommendation of “Reduce” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $8.50.

GSBD has been the subject of a number of recent analyst reports. The Goldman Sachs Group downgraded Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 price objective for the company. in a research report on Thursday, July 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Goldman Sachs BDC in a research report on Tuesday, June 2nd. Truist Financial lowered their target price on shares of Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Wall Street Zen cut shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Bank of America reissued an “underperform” rating and issued a $8.50 price target (down from $9.00) on shares of Goldman Sachs BDC in a research note on Thursday, July 9th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Saxon Interests Inc. boosted its position in shares of Goldman Sachs BDC by 0.8% during the first quarter. Saxon Interests Inc. now owns 122,912 shares of the financial services provider’s stock worth $1,091,000 after buying an additional 1,032 shares during the period. IHT Wealth Management LLC grew its stake in shares of Goldman Sachs BDC by 5.7% in the second quarter. IHT Wealth Management LLC now owns 21,647 shares of the financial services provider’s stock valued at $244,000 after buying an additional 1,173 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Goldman Sachs BDC by 1.4% in the third quarter. Ameriprise Financial Inc. now owns 100,190 shares of the financial services provider’s stock valued at $1,019,000 after buying an additional 1,397 shares in the last quarter. Founders Financial Alliance LLC raised its holdings in shares of Goldman Sachs BDC by 3.2% in the 4th quarter. Founders Financial Alliance LLC now owns 46,643 shares of the financial services provider’s stock valued at $433,000 after buying an additional 1,444 shares during the period. Finally, MML Investors Services LLC raised its holdings in shares of Goldman Sachs BDC by 3.0% in the 2nd quarter. MML Investors Services LLC now owns 55,554 shares of the financial services provider’s stock valued at $625,000 after buying an additional 1,599 shares during the period. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Price Performance

GSBD stock opened at $8.61 on Friday. The business has a fifty day moving average of $9.05 and a two-hundred day moving average of $9.20. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39. The stock has a market cap of $969.57 million, a price-to-earnings ratio of 13.25 and a beta of 0.56. Goldman Sachs BDC has a 52-week low of $8.35 and a 52-week high of $11.62.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, May 7th. The financial services provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). Goldman Sachs BDC had a net margin of 21.32% and a return on equity of 10.94%. The business had revenue of $10.35 million during the quarter, compared to analysts’ expectations of $83.78 million. As a group, research analysts anticipate that Goldman Sachs BDC will post 1.15 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 28th. Investors of record on Tuesday, June 30th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 14.9%. The ex-dividend date was Tuesday, June 30th. Goldman Sachs BDC’s dividend payout ratio (DPR) is 196.92%.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.