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

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) have received an average rating of “Reduce” from the six analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $9.1667.

Several analysts have recently commented on GSBD shares. Truist Financial reduced their target price on Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Wall Street Zen lowered Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Goldman Sachs BDC in a research note on Tuesday, June 2nd. Finally, Zacks Research downgraded Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Closed End Fund Advisors Inc. bought a new position in Goldman Sachs BDC in the 4th quarter valued at about $3,858,000. UBS Group AG increased its holdings in Goldman Sachs BDC by 18.2% during the 4th quarter. UBS Group AG now owns 1,607,176 shares of the financial services provider’s stock worth $14,915,000 after purchasing an additional 247,163 shares in the last quarter. Sage Rhino Capital LLC raised its stake in shares of Goldman Sachs BDC by 39.9% in the fourth quarter. Sage Rhino Capital LLC now owns 409,885 shares of the financial services provider’s stock worth $3,804,000 after purchasing an additional 117,000 shares during the last quarter. Saxon Interests Inc. purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter worth approximately $1,131,000. Finally, Argentarii LLC bought a new position in shares of Goldman Sachs BDC in the fourth quarter valued at approximately $585,000. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Stock Performance

NYSE:GSBD opened at $9.03 on Wednesday. The firm has a market capitalization of $1.02 billion, a P/E ratio of 13.88 and a beta of 0.56. Goldman Sachs BDC has a twelve month low of $8.65 and a twelve month high of $12.03. The company has a fifty day moving average of $9.24 and a 200-day moving average of $9.28. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). Goldman Sachs BDC had a net margin of 21.32% and a return on equity of 10.94%. The company had revenue of $10.35 million during the quarter, compared to the consensus estimate of $83.78 million. As a group, sell-side analysts anticipate that Goldman Sachs BDC will post 1.15 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, June 30th will be given a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.28 annualized dividend and a yield of 14.2%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 196.92%.

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.