Goldman Sachs BDC, Inc. (NYSE:GSBD) Receives $9.50 Average Target Price from Analysts

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) have received a consensus rating of “Reduce” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $9.1667.

A number of equities research analysts have recently issued reports on GSBD shares. Wall Street Zen lowered shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, March 5th. Wells Fargo & Company lowered their price objective on shares of Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Monday, March 2nd. Truist Financial lowered their price objective on shares of Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Finally, Zacks Research downgraded shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th.

Goldman Sachs BDC Stock Performance

Shares of Goldman Sachs BDC stock opened at $8.86 on Tuesday. The firm has a market cap of $996.81 million, a PE ratio of 13.62 and a beta of 0.62. The firm’s 50-day simple moving average is $9.27 and its 200-day simple moving average is $9.41. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.11 and a current ratio of 1.11. Goldman Sachs BDC has a 1 year low of $8.65 and a 1 year high of $12.03.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, May 7th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The company had revenue of $10.35 million during the quarter, compared to analyst estimates of $83.78 million. Goldman Sachs BDC had a net margin of 21.32% and a return on equity of 10.94%. Equities analysts forecast that Goldman Sachs BDC will post 1.15 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, June 30th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Goldman Sachs BDC’s dividend payout ratio is currently 196.92%.

Insider Buying and Selling

In other news, Director Carlos E. Evans bought 50,000 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was purchased at an average price of $9.02 per share, for a total transaction of $451,000.00. Following the transaction, the director owned 64,446 shares in the company, valued at approximately $581,302.92. This trade represents a 346.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Institutional Trading of Goldman Sachs BDC

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in shares of Goldman Sachs BDC by 1.2% in the 1st quarter. Bank of America Corp DE now owns 997,570 shares of the financial services provider’s stock worth $8,858,000 after acquiring an additional 11,915 shares during the period. Arkadios Wealth Advisors lifted its stake in Goldman Sachs BDC by 3.9% during the first quarter. Arkadios Wealth Advisors now owns 54,217 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 2,047 shares during the last quarter. Entropy Technologies LP lifted its stake in Goldman Sachs BDC by 49.8% during the first quarter. Entropy Technologies LP now owns 31,462 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 10,463 shares during the last quarter. Cetera Investment Advisers lifted its stake in Goldman Sachs BDC by 13.4% during the first quarter. Cetera Investment Advisers now owns 85,417 shares of the financial services provider’s stock valued at $759,000 after purchasing an additional 10,111 shares during the last quarter. Finally, NewEdge Wealth LLC acquired a new stake in Goldman Sachs BDC during the first quarter valued at approximately $367,000. 28.72% of the stock is owned by institutional investors and hedge funds.

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.