Goldman Sachs BDC Inc (NYSE:GSBD) has received a consensus rating of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $22.00.
GSBD has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Goldman Sachs BDC from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Tuesday, September 11th. National Securities reissued a “buy” rating and set a $23.00 price target on shares of Goldman Sachs BDC in a research report on Monday, August 6th. Wells Fargo & Co reduced their price objective on shares of Goldman Sachs BDC from $20.25 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, October 4th. ValuEngine upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Friday, July 6th. Finally, Citigroup started coverage on shares of Goldman Sachs BDC in a research note on Thursday, August 23rd. They set a “neutral” rating and a $23.00 price objective for the company.
A number of large investors have recently added to or reduced their stakes in the business. US Bancorp DE bought a new stake in shares of Goldman Sachs BDC in the second quarter worth approximately $240,000. Legal & General Group Plc grew its stake in shares of Goldman Sachs BDC by 17.5% in the first quarter. Legal & General Group Plc now owns 145,983 shares of the financial services provider’s stock worth $2,799,000 after acquiring an additional 21,771 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Goldman Sachs BDC in the second quarter worth approximately $427,000. CIBC Private Wealth Group LLC grew its stake in shares of Goldman Sachs BDC by 257.3% in the second quarter. CIBC Private Wealth Group LLC now owns 96,103 shares of the financial services provider’s stock worth $1,968,000 after acquiring an additional 69,203 shares during the period. Finally, Sterling Investment Advisors Ltd. grew its stake in shares of Goldman Sachs BDC by 3.1% in the second quarter. Sterling Investment Advisors Ltd. now owns 90,100 shares of the financial services provider’s stock worth $1,845,000 after acquiring an additional 2,700 shares during the period. Institutional investors and hedge funds own 34.27% of the company’s stock.
Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Goldman Sachs BDC had a net margin of 46.91% and a return on equity of 10.19%. The company had revenue of $37.20 million during the quarter, compared to analysts’ expectations of $36.04 million. During the same period last year, the company posted $0.64 EPS. Goldman Sachs BDC’s revenue was up 3.3% on a year-over-year basis. Research analysts expect that Goldman Sachs BDC will post 1.99 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, September 27th. This represents a $1.80 dividend on an annualized basis and a yield of 8.67%. Goldman Sachs BDC’s dividend payout ratio is currently 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.
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