Goldman Sachs BDC (NYSE:GSBD) Announces Quarterly Earnings Results

Goldman Sachs BDC (NYSE:GSBD) announced its quarterly earnings data on Thursday. The financial services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03), Zacks reports. The firm had revenue of $74.99 million during the quarter, compared to analysts’ expectations of $80.13 million. Goldman Sachs BDC had a net margin of 9.21% and a return on equity of 10.40%.

Goldman Sachs BDC Stock Performance

Shares of NYSE:GSBD traded down $0.15 on Friday, reaching $8.64. 1,079,993 shares of the company’s stock were exchanged, compared to its average volume of 775,325. The business’s 50-day moving average is $9.23 and its two-hundred day moving average is $9.25. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.36. Goldman Sachs BDC has a fifty-two week low of $8.35 and a fifty-two week high of $10.38. The firm has a market capitalization of $973.17 million, a price-to-earnings ratio of 33.25 and a beta of 0.62.

Goldman Sachs BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 27th. Shareholders of record on Thursday, December 31st will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.8%. The ex-dividend date of this dividend is Thursday, December 31st. Goldman Sachs BDC’s dividend payout ratio is 246.15%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GSBD shares. Weiss Ratings cut Goldman Sachs BDC from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Zacks Research upgraded Goldman Sachs BDC from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Truist Financial boosted their price objective on shares of Goldman Sachs BDC from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Monday, August 10th. Finally, Wall Street Zen raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $8.75.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE:GSBD) is a business development company that provides financing to privately owned, middle-market companies. The company seeks to generate income and long-term capital appreciation by investing primarily in debt securities and, to a lesser extent, equity interests.

GSBD’s portfolio may include senior secured loans, first-lien and unitranche investments, second-lien loans, subordinated debt, and equity-related investments. Its financing supports companies across a range of industries and is generally used for acquisitions, recapitalizations, growth initiatives, refinancing, and other corporate purposes.

Goldman Sachs BDC is externally managed by an affiliate of Goldman Sachs Asset Management and benefits from the investment platform and resources of the Goldman Sachs organization.