Goldman Sachs BDC Inc (NYSE:GSBD) Receives Average Recommendation of “Hold” from Brokerages

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Shares of Goldman Sachs BDC Inc (NYSE:GSBD) have received an average rating of “Hold” from the eight research firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $21.25.

GSBD has been the topic of several recent analyst reports. National Securities lowered their target price on shares of Goldman Sachs BDC from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Zacks Investment Research upgraded shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research report on Friday, May 10th. Wells Fargo & Co restated a “market perform” rating and set a $20.00 target price (down from $20.50) on shares of Goldman Sachs BDC in a research report on Monday, May 13th. Citigroup lowered their target price on shares of Goldman Sachs BDC from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 17th. Finally, Raymond James restated an “outperform” rating and set a $22.00 target price (down from $23.00) on shares of Goldman Sachs BDC in a research report on Monday, May 13th.

Shares of Goldman Sachs BDC stock traded down $0.06 on Friday, reaching $19.89. 4,907 shares of the stock were exchanged, compared to its average volume of 164,836. Goldman Sachs BDC has a 1-year low of $17.73 and a 1-year high of $22.75. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.78 and a quick ratio of 0.78. The stock’s fifty day simple moving average is $19.86. The firm has a market capitalization of $803.99 million, a price-to-earnings ratio of 9.67, a PEG ratio of 10.10 and a beta of 0.98.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, May 9th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. Goldman Sachs BDC had a net margin of 25.34% and a return on equity of 12.08%. The business had revenue of $36.54 million for the quarter, compared to analyst estimates of $36.22 million. During the same period in the previous year, the business posted $0.46 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Goldman Sachs BDC will post 1.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 9.05%. The ex-dividend date of this dividend is Thursday, June 27th. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 87.38%.

Several hedge funds and other institutional investors have recently made changes to their positions in GSBD. PNC Financial Services Group Inc. lifted its stake in shares of Goldman Sachs BDC by 31.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,943 shares of the financial services provider’s stock valued at $91,000 after buying an additional 1,173 shares during the period. Azimuth Capital Management LLC lifted its stake in shares of Goldman Sachs BDC by 86.0% during the first quarter. Azimuth Capital Management LLC now owns 142,995 shares of the financial services provider’s stock valued at $2,937,000 after buying an additional 66,135 shares during the period. Mckinley Capital Management LLC Delaware lifted its stake in shares of Goldman Sachs BDC by 3.3% during the fourth quarter. Mckinley Capital Management LLC Delaware now owns 185,639 shares of the financial services provider’s stock valued at $3,412,000 after buying an additional 5,975 shares during the period. Cetera Advisor Networks LLC lifted its stake in shares of Goldman Sachs BDC by 372.8% during the fourth quarter. Cetera Advisor Networks LLC now owns 60,148 shares of the financial services provider’s stock valued at $1,100,000 after buying an additional 47,426 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Goldman Sachs BDC by 13.7% during the fourth quarter. Legal & General Group Plc now owns 185,581 shares of the financial services provider’s stock valued at $3,417,000 after buying an additional 22,375 shares during the period. 34.88% of the stock is currently owned by institutional investors.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.

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Analyst Recommendations for Goldman Sachs BDC (NYSE:GSBD)

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