Goldman Sachs BDC, Inc. (NYSE:GSBD) Receives $8.75 Consensus Target Price from Analysts

Goldman Sachs BDC, Inc. (NYSE:GSBD) has been assigned an average rating of “Reduce” from the seven brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $8.75.

A number of analysts recently commented on the company. Zacks Research upgraded Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Bank of America reaffirmed an “underperform” rating and issued a $8.50 target price (down from $9.00) on shares of Goldman Sachs BDC in a research note on Thursday, July 9th. Wall Street Zen upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. The Goldman Sachs Group downgraded shares of Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 price target for the company. in a research note on Thursday, July 9th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Goldman Sachs BDC in a report on Friday, August 28th.

Hedge Funds Weigh In On Goldman Sachs BDC

Hedge funds have recently added to or reduced their stakes in the stock. HB Wealth Management LLC boosted its holdings in Goldman Sachs BDC by 61.4% during the second quarter. HB Wealth Management LLC now owns 96,865 shares of the financial services provider’s stock worth $918,000 after buying an additional 36,850 shares during the last quarter. Compass Financial Management LLC bought a new stake in shares of Goldman Sachs BDC in the 2nd quarter valued at about $522,000. XML Financial LLC acquired a new stake in shares of Goldman Sachs BDC in the 2nd quarter valued at approximately $233,000. Southern Financial Group LLC boosted its stake in Goldman Sachs BDC by 11.1% during the 1st quarter. Southern Financial Group LLC now owns 18,110 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 1,806 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Goldman Sachs BDC by 1.2% during 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 last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Down 2.2%

Shares of NYSE:GSBD opened at $9.90 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.36. The firm has a market cap of $1.12 billion, a P/E ratio of 19.05 and a beta of 0.60. Goldman Sachs BDC has a 12 month low of $8.35 and a 12 month high of $11.53. The company’s 50-day moving average price is $9.34 and its two-hundred day moving average price is $9.26.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. Goldman Sachs BDC had a net margin of 17.19% and a return on equity of 11.04%. The business had revenue of $35.08 million for the quarter, compared to analysts’ expectations of $78.89 million. As a group, research analysts forecast that Goldman Sachs BDC will post 1.29 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, September 30th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Wednesday, September 30th. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 246.15%.

About Goldman Sachs BDC

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.