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

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) have earned a consensus recommendation of “Reduce” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $9.50.

GSBD has been the topic of several recent research reports. Zacks Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Lucid Cap Mkts raised shares of Goldman Sachs BDC to a “hold” rating in a report on Monday, December 15th. Weiss Ratings upgraded shares of Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Truist Financial cut their price target on Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, March 4th. Finally, Wells Fargo & Company cut their price target on Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday, March 2nd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. MTM Investment Management LLC acquired a new position in Goldman Sachs BDC in the second quarter valued at approximately $25,000. ORG Partners LLC acquired a new stake in shares of Goldman Sachs BDC during the 4th quarter worth approximately $33,000. CWM LLC increased its holdings in shares of Goldman Sachs BDC by 187.8% during the 3rd quarter. CWM LLC now owns 4,864 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 3,174 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Goldman Sachs BDC in the 3rd quarter valued at $51,000. Finally, Quantbot Technologies LP acquired a new position in shares of Goldman Sachs BDC in the 2nd quarter valued at $62,000. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs BDC Trading Down 1.6%

Goldman Sachs BDC stock opened at $9.20 on Thursday. The stock has a 50-day moving average price of $9.28 and a 200 day moving average price of $9.91. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 8.85 and a beta of 0.62. Goldman Sachs BDC has a 52 week low of $8.81 and a 52 week high of $12.43. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.32.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, February 26th. The financial services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. Goldman Sachs BDC had a net margin of 32.62% and a return on equity of 12.23%. The company had revenue of $38.79 million for the quarter, compared to the consensus estimate of $87.18 million. Sell-side analysts anticipate that Goldman Sachs BDC will post 2.19 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, March 31st will be paid a $0.32 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.9%. Goldman Sachs BDC’s dividend payout ratio is presently 123.08%.

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.