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

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) have been given a consensus rating of “Reduce” by the six brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $9.50.

GSBD has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday, March 2nd. Truist Financial cut their price objective on shares of Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, March 4th. Wall Street Zen upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Sunday, March 15th. The Goldman Sachs Group assumed coverage on shares of Goldman Sachs BDC in a research report on Monday, December 15th. They issued a “neutral” rating and a $10.50 price target for the company. Finally, Weiss Ratings upgraded Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, March 5th.

Institutional Trading of Goldman Sachs BDC

Large investors have recently modified their holdings of the stock. Cetera Investment Advisers raised its stake in Goldman Sachs BDC by 10.8% in the second quarter. Cetera Investment Advisers now owns 86,052 shares of the financial services provider’s stock valued at $968,000 after purchasing an additional 8,370 shares in the last quarter. XTX Topco Ltd acquired a new stake in Goldman Sachs BDC during the second quarter worth about $194,000. J.W. Cole Advisors Inc. grew its stake in Goldman Sachs BDC by 13.9% during the second quarter. J.W. Cole Advisors Inc. now owns 90,814 shares of the financial services provider’s stock worth $1,022,000 after buying an additional 11,103 shares in the last quarter. Lido Advisors LLC increased its holdings in Goldman Sachs BDC by 38.8% in the 2nd quarter. Lido Advisors LLC now owns 222,869 shares of the financial services provider’s stock valued at $2,614,000 after buying an additional 62,353 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Goldman Sachs BDC in the 2nd quarter valued at approximately $62,000. 28.72% of the stock is owned by institutional investors and hedge funds.

Goldman Sachs BDC Stock Performance

NYSE:GSBD opened at $9.04 on Monday. The stock has a 50 day simple moving average of $9.22 and a 200 day simple moving average of $9.61. The stock has a market cap of $1.02 billion, a P/E ratio of 8.69 and a beta of 0.57. Goldman Sachs BDC has a 1-year low of $8.66 and a 1-year high of $12.03. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.32.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data on Friday, February 27th. The financial services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $38.79 million for the quarter, compared to analyst estimates of $87.18 million. Goldman Sachs BDC had a return on equity of 12.23% and a net margin of 32.62%. Research analysts anticipate that Goldman Sachs BDC will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st will be issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.28 annualized dividend and a yield of 14.2%. Goldman Sachs BDC’s payout ratio is currently 123.08%.

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.