Goldman Sachs BDC, Inc. (GSBD) To Go Ex-Dividend on June 30th

Goldman Sachs BDC, Inc. (NYSE:GSBD) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.32 per share by the financial services provider on Tuesday, July 28th. This represents a c) dividend on an annualized basis and a yield of 13.5%. The ex-dividend date of this dividend is Tuesday, June 30th.

Goldman Sachs BDC has raised its dividend by an average of 0.0%annually over the last three years. Goldman Sachs BDC has a dividend payout ratio of 92.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Goldman Sachs BDC to earn $1.07 per share next year, which means the company may not be able to cover its $1.28 annual dividend with an expected future payout ratio of 119.6%.

Goldman Sachs BDC Trading Up 2.1%

GSBD opened at $9.46 on Friday. Goldman Sachs BDC has a one year low of $8.65 and a one year high of $12.03. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day simple moving average of $9.27 and a two-hundred day simple moving average of $9.31. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 14.56 and a beta of 0.58.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GSBD shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Goldman Sachs BDC in a research report on Tuesday, June 2nd. Zacks Research downgraded shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Wall Street Zen lowered shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Truist Financial cut their price objective on Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Finally, Wells Fargo & Company decreased their target price on 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. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $9.17.

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.