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

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) have received an average rating of “Reduce” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $9.75.

GSBD has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price objective on shares of Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Monday, November 10th. Lucid Cap Mkts raised Goldman Sachs BDC to a “hold” rating in a report on Monday, December 15th. Zacks Research upgraded Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Goldman Sachs BDC in a research report on Monday. Finally, The Goldman Sachs Group initiated coverage on Goldman Sachs BDC in a research report on Monday. They issued a “neutral” rating and a $10.50 target price for the company.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new position in Goldman Sachs BDC during the second quarter worth about $97,711,000. Generali Asset Management SPA SGR grew its position in shares of Goldman Sachs BDC by 52.3% in the 2nd quarter. Generali Asset Management SPA SGR now owns 3,294,022 shares of the financial services provider’s stock valued at $37,058,000 after purchasing an additional 1,131,403 shares during the period. Balyasny Asset Management L.P. increased its stake in Goldman Sachs BDC by 412.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,103,870 shares of the financial services provider’s stock worth $12,419,000 after purchasing an additional 888,608 shares in the last quarter. Ares Management LLC bought a new position in Goldman Sachs BDC in the first quarter valued at approximately $5,373,000. Finally, Osaic Holdings Inc. grew its stake in shares of Goldman Sachs BDC by 176.0% during the 2nd quarter. Osaic Holdings Inc. now owns 520,676 shares of the financial services provider’s stock worth $5,858,000 after acquiring an additional 332,002 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors.

Goldman Sachs BDC Stock Performance

GSBD opened at $9.60 on Friday. The business has a fifty day simple moving average of $9.84 and a 200-day simple moving average of $10.78. The firm has a market cap of $1.10 billion, a PE ratio of 8.28 and a beta of 0.64. Goldman Sachs BDC has a fifty-two week low of $9.35 and a fifty-two week high of $13.44. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.27.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $91.60 million during the quarter, compared to analyst estimates of $88.16 million. Goldman Sachs BDC had a return on equity of 12.78% and a net margin of 34.72%. As a group, equities analysts predict that Goldman Sachs BDC will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 27th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.32 per share. This is an increase from Goldman Sachs BDC’s previous quarterly dividend of $0.04. This represents a $1.28 annualized dividend and a yield of 13.3%. The ex-dividend date is Wednesday, December 31st. Goldman Sachs BDC’s dividend payout ratio is currently 110.34%.

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.