TheStreet lowered shares of Goldman Sachs BDC (NYSE:GSBD) from a b- rating to a c rating in a report released on Monday, TheStreetRatingsTable reports.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded Goldman Sachs BDC from a hold rating to a strong sell rating in a research report on Tuesday, November 12th. ValuEngine upgraded Goldman Sachs BDC from a sell rating to a hold rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Goldman Sachs BDC currently has a consensus rating of Hold and a consensus price target of $21.40.
NYSE:GSBD opened at $20.87 on Monday. The company has a market cap of $836.43 million, a P/E ratio of 10.13, a P/E/G ratio of 10.37 and a beta of 0.99. The stock’s fifty day moving average price is $20.35 and its two-hundred day moving average price is $20.00. Goldman Sachs BDC has a 1 year low of $17.73 and a 1 year high of $21.28. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.57 and a quick ratio of 0.57.
Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, November 7th. 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 $36.86 million for the quarter, compared to the consensus estimate of $39.61 million. Goldman Sachs BDC had a return on equity of 11.89% and a net margin of 17.59%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share. On average, analysts expect that Goldman Sachs BDC will post 1.96 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.80 annualized dividend and a dividend yield of 8.62%. Goldman Sachs BDC’s dividend payout ratio is currently 87.38%.
Several large investors have recently bought and sold shares of GSBD. Virtus ETF Advisers LLC purchased a new stake in shares of Goldman Sachs BDC during the second quarter worth $3,433,000. Private Advisor Group LLC raised its position in shares of Goldman Sachs BDC by 98.5% in the second quarter. Private Advisor Group LLC now owns 212,994 shares of the financial services provider’s stock worth $4,190,000 after buying an additional 105,680 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Goldman Sachs BDC by 159.3% in the third quarter. Steward Partners Investment Advisory LLC now owns 87,638 shares of the financial services provider’s stock worth $1,760,000 after buying an additional 53,843 shares in the last quarter. Jag Capital Management LLC purchased a new stake in shares of Goldman Sachs BDC in the second quarter worth $969,000. Finally, Cliffwater LLC raised its position in shares of Goldman Sachs BDC by 37.1% in the second quarter. Cliffwater LLC now owns 154,037 shares of the financial services provider’s stock worth $3,030,000 after buying an additional 41,683 shares in the last quarter. Hedge funds and other institutional investors own 35.60% of the company’s stock.
Goldman Sachs BDC Company Profile
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.
Further Reading: Balanced Fund
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