Goldman Sachs BDC, Inc. (NYSE:GSBD) Stock Rated “Reduce” by Sell-Side Brokerages

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) have been assigned a consensus rating of “Reduce” from the seven research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $8.75.

A number of equities research analysts have issued reports on GSBD shares. Truist Financial lifted their target price on shares of Goldman Sachs BDC from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Monday, August 10th. Zacks Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Bank of America restated 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. Finally, The Goldman Sachs Group lowered Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 target price on the stock. in a research report on Thursday, July 9th.

Institutional Trading of Goldman Sachs BDC

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in shares of 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 purchasing an additional 11,915 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Goldman Sachs BDC by 12.0% in the 4th quarter. Legal & General Group Plc now owns 800,209 shares of the financial services provider’s stock valued at $7,422,000 after purchasing an additional 86,020 shares during the last quarter. Closed End Fund Advisors Inc. acquired a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at $3,858,000. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Goldman Sachs BDC by 11.2% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 361,731 shares of the financial services provider’s stock worth $3,357,000 after purchasing an additional 36,453 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC boosted its holdings in Goldman Sachs BDC by 12.2% in the first quarter. Quadrant Private Wealth Management LLC now owns 160,483 shares of the financial services provider’s stock worth $1,476,000 after purchasing an additional 17,423 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Price Performance

Shares of GSBD opened at $9.54 on Monday. The business’s 50-day moving average is $9.53 and its 200-day moving average is $9.32. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 18.34 and a beta of 0.60. Goldman Sachs BDC has a fifty-two week low of $8.35 and a fifty-two week high of $11.07.

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

Goldman Sachs BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, September 30th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.28 annualized dividend and a dividend yield of 13.4%. Goldman Sachs BDC’s payout ratio is presently 246.15%.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is a business development company that invests in privately held, middle-market businesses. The company seeks to generate income and provide long-term capital appreciation by making investments primarily in debt securities and, to a lesser extent, equity interests.

Goldman Sachs BDC’s portfolio typically includes senior secured loans, unitranche loans, second-lien loans and subordinated debt, along with equity investments such as warrants or other ownership interests.