Goldman Sachs BDC, Inc. (GSBD) Issues Quarterly Earnings Results, Hits Estimates
Goldman Sachs BDC, Inc. (NYSE:GSBD) posted its earnings results on Thursday. The financial services provider reported $0.47 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47, Bloomberg Earnings reports. Goldman Sachs BDC had a return on equity of 11.53% and a net margin of 32.19%. The business had revenue of $34.40 million during the quarter, compared to analysts’ expectations of $33.56 million. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis.
Goldman Sachs BDC (GSBD) traded up $0.24 on Friday, hitting $22.09. The stock had a trading volume of 108,459 shares, compared to its average volume of 121,699. Goldman Sachs BDC has a 1 year low of $20.00 and a 1 year high of $25.60. The stock has a market cap of $878.06 and a PE ratio of 10.52. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.85 and a quick ratio of 1.85.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.15%. The ex-dividend date is Thursday, December 28th. Goldman Sachs BDC’s payout ratio is currently 160.71%.
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Several equities analysts recently commented on the company. National Securities restated a “neutral” rating and set a $22.00 target price on shares of Goldman Sachs BDC in a research report on Monday, August 7th. BidaskClub upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, TheStreet upgraded Goldman Sachs BDC from a “c” rating to a “b-” rating in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.60.
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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