Goldman Sachs BDC, Inc. (GSBD) Lifted to “B-” at TheStreet

TheStreet upgraded shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) from a c rating to a b- rating in a research report report published on Wednesday.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Goldman Sachs BDC from a hold rating to a sell rating in a research note on Monday, July 17th. National Securities reaffirmed a neutral rating and set a $22.00 price target on shares of Goldman Sachs BDC in a research note on Monday, May 22nd. BidaskClub cut shares of Goldman Sachs BDC from a buy rating to a hold rating in a research note on Sunday, July 16th. Goldman Sachs Group, Inc. (The) raised shares of Goldman Sachs BDC from a market perform rating to an outperform rating in a research note on Friday, May 26th. They noted that the move was a valuation call. Finally, Raymond James Financial, Inc. raised shares of Goldman Sachs BDC from a market perform rating to an outperform rating in a research note on Friday, May 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $22.65.

Goldman Sachs BDC (GSBD) opened at 22.32 on Wednesday. The firm has a 50-day moving average of $22.62 and a 200 day moving average of $23.70. Goldman Sachs BDC has a 12-month low of $20.00 and a 12-month high of $25.60.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.15. Goldman Sachs BDC had a net margin of 35.73% and a return on equity of 11.54%. The firm had revenue of $36 million during the quarter, compared to the consensus estimate of $33.66 million. During the same period last year, the firm posted $0.49 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities research analysts expect that Goldman Sachs BDC will post $2.05 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.80 annualized dividend and a dividend yield of 8.06%. Goldman Sachs BDC’s dividend payout ratio is currently 139.54%.

In related news, Director Ross Jay Kari bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were acquired at an average cost of $22.24 per share, with a total value of $111,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann B. Lane bought 2,240 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was bought at an average cost of $22.32 per share, for a total transaction of $49,996.80. Following the completion of the transaction, the director now directly owns 2,240 shares of the company’s stock, valued at approximately $49,996.80. The disclosure for this purchase can be found here. 0.32% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. boosted its stake in Goldman Sachs BDC by 0.4% in the second quarter. Pinebridge Investments L.P. now owns 9,946 shares of the financial services provider’s stock valued at $224,000 after buying an additional 37 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Goldman Sachs BDC by 1.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,445 shares of the financial services provider’s stock valued at $235,000 after buying an additional 139 shares in the last quarter. IFP Advisors Inc boosted its stake in Goldman Sachs BDC by 4.9% in the second quarter. IFP Advisors Inc now owns 4,553 shares of the financial services provider’s stock valued at $103,000 after buying an additional 211 shares in the last quarter. Homrich & Berg boosted its stake in Goldman Sachs BDC by 1.7% in the second quarter. Homrich & Berg now owns 33,012 shares of the financial services provider’s stock valued at $743,000 after buying an additional 558 shares in the last quarter. Finally, Anchor Capital Advisors LLC boosted its stake in Goldman Sachs BDC by 1.4% in the second quarter. Anchor Capital Advisors LLC now owns 80,551 shares of the financial services provider’s stock valued at $1,814,000 after buying an additional 1,094 shares in the last quarter. 36.91% of the stock is currently owned by institutional investors and hedge funds.

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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