Goldman Sachs BDC Inc (NYSE:GSBD) has been given an average recommendation of “Hold” by the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $22.33.

GSBD has been the subject of several recent analyst reports. Bank of America reduced their price objective on shares of Goldman Sachs BDC from $21.50 to $20.00 and set an “underperform” rating for the company in a research note on Monday, February 26th. National Securities reiterated a “neutral” rating and set a $22.00 price objective on shares of Goldman Sachs BDC in a research note on Monday, February 26th. Zacks Investment Research upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. ValuEngine lowered shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Goldman Sachs Group upgraded shares of Goldman Sachs BDC from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, May 8th.

Shares of NYSE GSBD traded down $0.02 during trading hours on Monday, hitting $20.39. 2,315 shares of the stock were exchanged, compared to its average volume of 131,157. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.72. The firm has a market cap of $828.82 million, a PE ratio of 9.85, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78. Goldman Sachs BDC has a 12 month low of $18.78 and a 12 month high of $23.25.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, May 3rd. The financial services provider reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $35.54 million during the quarter, compared to analyst estimates of $36.19 million. Goldman Sachs BDC had a net margin of 38.13% and a return on equity of 11.09%. Goldman Sachs BDC’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS. equities research analysts anticipate that Goldman Sachs BDC will post 1.93 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.80 dividend on an annualized basis and a yield of 8.83%. Goldman Sachs BDC’s payout ratio is 86.96%.

Institutional investors have recently modified their holdings of the business. SeaCrest Wealth Management LLC acquired a new stake in shares of Goldman Sachs BDC in the fourth quarter worth $104,000. Jane Street Group LLC acquired a new stake in shares of Goldman Sachs BDC in the fourth quarter worth $225,000. Great West Life Assurance Co. Can acquired a new stake in shares of Goldman Sachs BDC in the first quarter worth $204,000. MML Investors Services LLC acquired a new stake in shares of Goldman Sachs BDC in the fourth quarter worth $268,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Goldman Sachs BDC by 41.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,083 shares of the financial services provider’s stock worth $468,000 after acquiring an additional 6,226 shares during the period. Institutional investors and hedge funds own 35.21% of the company’s stock.

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.

Analyst Recommendations for Goldman Sachs BDC (NYSE:GSBD)

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