Media headlines about Goldman Sachs BDC (NYSE:GSBD) have trended somewhat negative on Saturday, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Goldman Sachs BDC earned a news impact score of -1.29 on their scale. InfoTrie also gave media stories about the financial services provider an news buzz score of 4 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
GSBD has been the subject of several research reports. Raymond James reissued an “outperform” rating and issued a $22.00 price objective (down from $23.00) on shares of Goldman Sachs BDC in a research report on Monday, May 13th. National Securities reduced their price objective on Goldman Sachs BDC from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, March 4th. TheStreet raised Goldman Sachs BDC from a “c+” rating to a “b-” rating in a research report on Thursday, February 21st. Citigroup reduced their price objective on Goldman Sachs BDC from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. Finally, Zacks Investment Research cut Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.00.
GSBD stock traded down $0.11 during midday trading on Friday, hitting $19.72. The stock had a trading volume of 80,077 shares, compared to its average volume of 163,031. The stock has a market cap of $799.20 million, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 10.05 and a beta of 0.98. Goldman Sachs BDC has a 52 week low of $17.73 and a 52 week high of $22.75. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.78 and a quick ratio of 0.78.
Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, May 9th. The financial services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.48 by $0.07. The firm had revenue of $36.54 million during the quarter, compared to analysts’ expectations of $36.22 million. Goldman Sachs BDC had a return on equity of 12.08% and a net margin of 25.34%. Goldman Sachs BDC’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business earned $0.46 earnings per share. Equities research analysts anticipate that Goldman Sachs BDC will post 1.97 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.80 annualized dividend and a yield of 9.13%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 87.38%.
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About Goldman Sachs BDC
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.
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