Goldman Sachs BDC Inc (NYSE:GSBD) – SunTrust Banks issued their Q2 2018 earnings estimates for shares of Goldman Sachs BDC in a research note issued to investors on Monday, July 30th. SunTrust Banks analyst M. Hughes forecasts that the financial services provider will post earnings of $0.48 per share for the quarter. SunTrust Banks also issued estimates for Goldman Sachs BDC’s Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.52 EPS, FY2018 earnings at $2.00 EPS, Q1 2019 earnings at $0.56 EPS, Q2 2019 earnings at $0.49 EPS, Q3 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.52 EPS and FY2019 earnings at $2.09 EPS.
Several other equities analysts have also recently weighed in on GSBD. Zacks Investment Research cut Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. National Securities raised Goldman Sachs BDC from a “neutral” rating to a “buy” rating and lifted their target price for the company from $22.00 to $23.00 in a research note on Monday, May 7th. Raymond James reaffirmed a “strong-buy” rating on shares of Goldman Sachs BDC in a research note on Wednesday, May 9th. ValuEngine cut Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Finally, Credit Suisse Group lowered their target price on Goldman Sachs BDC to $24.00 and set a “neutral” rating on the stock in a research note on Monday, May 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $23.00.
Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, August 2nd. The financial services provider reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. Goldman Sachs BDC had a return on equity of 11.09% and a net margin of 38.13%. The company had revenue of $37.20 million for the quarter, compared to analysts’ expectations of $36.04 million. During the same quarter in the previous year, the business posted $0.64 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis.
Several institutional investors have recently made changes to their positions in GSBD. CNO Financial Group Inc. acquired a new stake in shares of Goldman Sachs BDC during the 1st quarter valued at about $7,809,000. CIBC World Markets Inc. lifted its holdings in shares of Goldman Sachs BDC by 33.3% during the 1st quarter. CIBC World Markets Inc. now owns 406,345 shares of the financial services provider’s stock valued at $7,773,000 after buying an additional 101,405 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Goldman Sachs BDC by 257.3% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 96,103 shares of the financial services provider’s stock valued at $1,968,000 after buying an additional 69,203 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Goldman Sachs BDC during the 1st quarter valued at about $885,000. Finally, Atlantic Trust Group LLC lifted its holdings in shares of Goldman Sachs BDC by 8,866.7% during the 1st quarter. Atlantic Trust Group LLC now owns 26,900 shares of the financial services provider’s stock valued at $515,000 after buying an additional 26,600 shares during the last quarter. Institutional investors and hedge funds own 35.42% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.44%. Goldman Sachs BDC’s dividend payout ratio is 86.96%.
About Goldman Sachs BDC
Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.
Further Reading: Book Value Per Share – BVPS
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