Analysts Set Goldman Sachs BDC, Inc. (NYSE:GSBD) Target Price at $9.50

Goldman Sachs BDC, Inc. (NYSE:GSBD) has earned an average recommendation of “Reduce” from the six research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $9.50.

Several analysts have weighed in on GSBD shares. Weiss Ratings raised Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 5th. Truist Financial lowered their price target on Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, March 4th. Wall Street Zen raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Sunday, March 15th. Finally, Wells Fargo & Company lowered their price target on Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Monday, March 2nd.

Goldman Sachs BDC Stock Performance

Shares of GSBD opened at $9.50 on Friday. Goldman Sachs BDC has a 52-week low of $8.66 and a 52-week high of $12.03. The stock’s 50-day simple moving average is $9.23 and its 200 day simple moving average is $9.49. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.13 and a beta of 0.57.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Friday, February 27th. The financial services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. Goldman Sachs BDC had a return on equity of 12.23% and a net margin of 32.62%.The business had revenue of $38.79 million during the quarter, compared to the consensus estimate of $87.18 million. Research analysts forecast that Goldman Sachs BDC will post 1.27 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st will be issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.28 annualized dividend and a dividend yield of 13.5%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 123.08%.

Insider Buying and Selling at Goldman Sachs BDC

In other Goldman Sachs BDC news, Director Carlos E. Evans purchased 50,000 shares of the stock in a transaction on Thursday, April 2nd. The shares were purchased at an average price of $9.02 per share, with a total value of $451,000.00. Following the acquisition, the director directly owned 64,446 shares in the company, valued at approximately $581,302.92. The trade was a 346.12% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Goldman Sachs BDC

A number of large investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its holdings in shares of Goldman Sachs BDC by 4.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,847 shares of the financial services provider’s stock valued at $283,000 after buying an additional 1,082 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of Goldman Sachs BDC by 5.7% during the 2nd quarter. IHT Wealth Management LLC now owns 21,647 shares of the financial services provider’s stock valued at $244,000 after buying an additional 1,173 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Goldman Sachs BDC by 1.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 100,190 shares of the financial services provider’s stock valued at $1,019,000 after buying an additional 1,397 shares in the last quarter. Wellington Shields & Co. LLC raised its holdings in shares of Goldman Sachs BDC by 7.1% during the 3rd quarter. Wellington Shields & Co. LLC now owns 21,650 shares of the financial services provider’s stock valued at $220,000 after buying an additional 1,430 shares in the last quarter. Finally, Founders Financial Alliance LLC raised its holdings in shares of Goldman Sachs BDC by 3.2% during the 4th quarter. Founders Financial Alliance LLC now owns 46,643 shares of the financial services provider’s stock valued at $433,000 after buying an additional 1,444 shares in the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

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.