Goldman Sachs BDC Inc (GSBD) Receives $22.50 Consensus Target Price from Analysts
Shares of Goldman Sachs BDC Inc (NYSE:GSBD) have received a consensus rating of “Hold” from the eleven ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $22.50.
A number of brokerages have commented on GSBD. Zacks Investment Research lowered Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Citigroup began coverage on Goldman Sachs BDC in a report on Thursday, August 23rd. They set a “neutral” rating and a $23.00 price objective for the company. National Securities reissued a “buy” rating and set a $23.00 price objective on shares of Goldman Sachs BDC in a report on Monday, August 6th. Finally, ValuEngine raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Friday, July 6th.
Several hedge funds and other institutional investors have recently made changes to their positions in GSBD. CIBC World Markets Inc. boosted its stake in shares of Goldman Sachs BDC by 33.3% in the 1st quarter. CIBC World Markets Inc. now owns 406,345 shares of the financial services provider’s stock worth $7,773,000 after buying an additional 101,405 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Goldman Sachs BDC by 257.3% in the second quarter. CIBC Private Wealth Group LLC now owns 96,103 shares of the financial services provider’s stock valued at $1,968,000 after purchasing an additional 69,203 shares during the last quarter. Citadel Advisors LLC purchased a new position in Goldman Sachs BDC in the first quarter valued at approximately $885,000. Millennium Management LLC purchased a new position in Goldman Sachs BDC in the second quarter valued at approximately $645,000. Finally, Atlantic Trust Group LLC lifted its stake in Goldman Sachs BDC by 8,866.7% in the first quarter. Atlantic Trust Group LLC now owns 26,900 shares of the financial services provider’s stock valued at $515,000 after purchasing an additional 26,600 shares during the last quarter. Hedge funds and other institutional investors own 34.27% of the company’s stock.
Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, August 2nd. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Goldman Sachs BDC had a return on equity of 10.19% and a net margin of 46.91%. The business had revenue of $37.20 million during the quarter, compared to analyst estimates of $36.04 million. During the same period in the previous year, the company posted $0.64 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. sell-side analysts expect that Goldman Sachs BDC will post 1.99 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.99%. Goldman Sachs BDC’s payout ratio is presently 86.96%.
Goldman Sachs BDC Company Profile
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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