Zacks Investment Research downgraded shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) from a hold rating to a sell rating in a research note issued to investors on Tuesday, October 17th.
According to Zacks, “Goldman Sachs BDC, Inc. is a specialty finance company. The Company invests primarily in telecommunication services, electronic equipment, instruments and components and real estate management and development industries. Goldman Sachs BDC, Inc. is based in NEW YORK, United States. “
Several other analysts have also weighed in on GSBD. TheStreet upgraded shares of Goldman Sachs BDC from a c rating to a b- rating in a research note on Wednesday, August 9th. National Securities restated a neutral rating and set a $22.00 price target on shares of Goldman Sachs BDC in a research note on Monday, August 7th. Finally, BidaskClub upgraded shares of Goldman Sachs BDC from a sell rating to a hold rating in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Goldman Sachs BDC has an average rating of Hold and a consensus price target of $22.60.
Goldman Sachs BDC (GSBD) traded down $0.24 during trading on Tuesday, reaching $21.85. 51,899 shares of the company’s stock traded hands, compared to its average volume of 121,356. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. Goldman Sachs BDC has a 52-week low of $20.00 and a 52-week high of $25.60. The company has a market cap of $886.49 and a price-to-earnings ratio of 10.52.
Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $34.40 million during the quarter, compared to analyst estimates of $33.56 million. Goldman Sachs BDC had a net margin of 32.19% and a return on equity of 11.34%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 EPS. equities research analysts expect that Goldman Sachs BDC will post 2.08 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.24%. The ex-dividend date of this dividend is Thursday, December 28th. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently -818.18%.
Large investors have recently modified their holdings of the stock. IFP Advisors Inc boosted its holdings in shares of Goldman Sachs BDC by 4.9% in the 2nd quarter. IFP Advisors Inc now owns 4,553 shares of the financial services provider’s stock worth $103,000 after buying an additional 211 shares during the last quarter. Global X Management Co. LLC boosted its holdings in shares of Goldman Sachs BDC by 49.7% in the 1st quarter. Global X Management Co. LLC now owns 5,698 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,892 shares during the last quarter. US Bancorp DE purchased a new position in shares of Goldman Sachs BDC in the 2nd quarter worth about $142,000. Global X MANAGEMENT CO LLC lifted its holdings in Goldman Sachs BDC by 49.5% during the third quarter. Global X MANAGEMENT CO LLC now owns 8,384 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 2,776 shares during the last quarter. Finally, Advisors Capital Management LLC purchased a new stake in Goldman Sachs BDC during the third quarter valued at about $202,000. 36.56% of the stock is currently owned by institutional investors.
Goldman Sachs BDC Company Profile
Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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