Shares of Goldman Sachs BDC Inc. (NYSE:GSBD) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $21.83.
Several research analysts recently weighed in on GSBD shares. National Securities reissued a “buy” rating and issued a $23.00 target price on shares of Goldman Sachs BDC in a research note on Monday, August 8th. Zacks Investment Research downgraded shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. Finally, Credit Suisse Group AG cut their target price on shares of Goldman Sachs BDC from $21.00 to $19.50 and set a “neutral” rating for the company in a research note on Wednesday, June 1st.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its position in shares of Goldman Sachs BDC by 7.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,483,653 shares of the company’s stock valued at $127,079,000 after buying an additional 432,638 shares during the last quarter. Muzinich & Co. Inc. increased its position in Goldman Sachs BDC by 7.9% in the second quarter. Muzinich & Co. Inc. now owns 435,386 shares of the company’s stock worth $8,703,000 after buying an additional 31,976 shares in the last quarter. Confluence Investment Management LLC increased its position in Goldman Sachs BDC by 30.1% in the second quarter. Confluence Investment Management LLC now owns 218,493 shares of the company’s stock worth $4,368,000 after buying an additional 50,514 shares in the last quarter. BlackRock Group LTD increased its position in Goldman Sachs BDC by 14.6% in the second quarter. BlackRock Group LTD now owns 173,325 shares of the company’s stock worth $3,465,000 after buying an additional 22,050 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Goldman Sachs BDC by 11.8% in the second quarter. Van ECK Associates Corp now owns 137,653 shares of the company’s stock worth $2,752,000 after buying an additional 14,478 shares in the last quarter. 29.96% of the stock is owned by hedge funds and other institutional investors.
Goldman Sachs BDC (NYSE:GSBD) traded down 0.09% on Wednesday, hitting $21.79. 145,503 shares of the stock traded hands. Goldman Sachs BDC has a 12-month low of $16.66 and a 12-month high of $22.35. The firm’s 50-day moving average price is $21.47 and its 200-day moving average price is $20.24.
Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by $0.01. Goldman Sachs BDC had a return on equity of 12.04% and a net margin of 21.58%. During the same quarter in the previous year, the business earned $0.50 earnings per share. On average, equities analysts expect that Goldman Sachs BDC will post $2.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.09%. The ex-dividend date is Wednesday, September 28th. Goldman Sachs BDC’s payout ratio is 243.24%.
About Goldman Sachs BDC
Goldman Sachs BDC, Inc, formerly Goldman Sachs Liberty Harbor Capital, LLC, is a closed-end management investment company. The Company is focused on lending to middle-market companies. Its investment objective is to generate current income and capital appreciation through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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