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

Goldman Sachs BDC, Inc. (NYSE:GSBD) has received a consensus rating of “Reduce” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $9.1667.

GSBD has been the subject of a number of research analyst reports. Zacks Research lowered Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of Goldman Sachs BDC in a research note on Tuesday, June 2nd. Truist Financial decreased their price target on Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Wall Street Zen lowered Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Wells Fargo & Company decreased their price target on Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Monday, March 2nd.

Goldman Sachs BDC Stock Performance

NYSE:GSBD opened at $9.24 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.39. Goldman Sachs BDC has a 12-month low of $8.65 and a 12-month high of $12.03. The stock has a 50-day moving average price of $9.24 and a 200 day moving average price of $9.35. The stock has a market capitalization of $1.04 billion, a P/E ratio of 14.22 and a beta of 0.58.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). The firm 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%. Equities research analysts forecast that Goldman Sachs BDC will post 1.15 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, July 28th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 196.92%.

Insider Activity

In other Goldman Sachs BDC news, Director Carlos E. Evans purchased 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was purchased at an average cost of $9.02 per share, with a total value of $451,000.00. Following the purchase, the director owned 64,446 shares of the company’s stock, valued at approximately $581,302.92. The trade was a 346.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Goldman Sachs BDC

A number of institutional investors and hedge funds have recently bought and sold shares of GSBD. ORG Partners LLC bought a new stake in Goldman Sachs BDC during the 4th quarter valued at $33,000. Kestra Advisory Services LLC bought a new stake in Goldman Sachs BDC during the 4th quarter valued at $57,000. Quantbot Technologies LP bought a new stake in Goldman Sachs BDC during the 2nd quarter valued at $62,000. SHP Wealth Management bought a new stake in Goldman Sachs BDC during the 4th quarter valued at $63,000. Finally, Advisory Services Network LLC bought a new stake in Goldman Sachs BDC during the 3rd quarter valued at $68,000. 28.72% of the stock is owned by institutional investors.

About Goldman Sachs BDC

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.