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

Goldman Sachs BDC, Inc. (NYSE:GSBD) has received a consensus recommendation of “Reduce” from the six research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $9.50.

GSBD has been the subject of a number of analyst reports. Wells Fargo & Company dropped their target price on shares of Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, March 2nd. Truist Financial dropped their target price on shares of Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, March 4th. Wall Street Zen lowered shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings upgraded shares of Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 5th.

Insider Buying and Selling

In related news, Director Carlos E. Evans acquired 50,000 shares of the stock in a transaction on Thursday, April 2nd. The stock was acquired at an average cost of $9.02 per share, for a total transaction of $451,000.00. Following the completion of the acquisition, the director directly owned 64,446 shares of the company’s stock, valued at approximately $581,302.92. This represents a 346.12% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

Institutional Trading of Goldman Sachs BDC

Institutional investors and hedge funds have recently bought and sold shares of the stock. ORG Partners LLC purchased a new stake in Goldman Sachs BDC in the fourth quarter worth about $33,000. CWM LLC increased its stake in shares of Goldman Sachs BDC by 187.8% during the third 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 bought a new position in shares of Goldman Sachs BDC during the third quarter valued at approximately $51,000. Kestra Advisory Services LLC bought a new position in shares of Goldman Sachs BDC during the fourth quarter valued at approximately $57,000. Finally, Quantbot Technologies LP bought a new position in shares of Goldman Sachs BDC during the second quarter valued at approximately $62,000. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs BDC Stock Performance

NYSE GSBD opened at $8.77 on Tuesday. The company has a 50-day simple moving average of $9.30 and a two-hundred day simple moving average of $9.45. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39. Goldman Sachs BDC has a 12-month low of $8.66 and a 12-month high of $12.03. The firm has a market cap of $986.68 million, a price-to-earnings ratio of 13.48 and a beta of 0.62.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly 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%. On average, equities analysts forecast that Goldman Sachs BDC will post 1.23 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, June 30th will be issued a $0.32 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.28 annualized dividend and a yield of 14.6%. Goldman Sachs BDC’s dividend payout ratio (DPR) is 196.92%.

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.