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

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) have been assigned a consensus recommendation of “Reduce” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $8.75.

Several research analysts have recently commented on GSBD shares. Wall Street Zen raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Bank of America reissued an “underperform” rating and issued a $8.50 target price (down from $9.00) on shares of Goldman Sachs BDC in a report on Thursday, July 9th. Zacks Research upgraded shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Goldman Sachs BDC in a report on Friday, August 28th. Finally, The Goldman Sachs Group lowered shares of Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 price target for the company. in a research report on Thursday, July 9th.

Goldman Sachs BDC Trading Up 0.1%

Goldman Sachs BDC stock opened at $9.54 on Monday. The business has a 50-day simple moving average of $9.53 and a two-hundred day simple moving average of $9.32. The company has a market cap of $1.07 billion, a P/E ratio of 18.34 and a beta of 0.60. Goldman Sachs BDC has a 52-week low of $8.35 and a 52-week high of $11.07. 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 (NYSE:GSBD) last posted its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. Goldman Sachs BDC had a net margin of 17.19% and a return on equity of 11.04%. The company had revenue of $35.08 million for the quarter, compared to the consensus estimate of $78.89 million. Analysts predict that Goldman Sachs BDC will post 1.29 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, September 30th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.28 annualized dividend and a yield of 13.4%. Goldman Sachs BDC’s dividend payout ratio is currently 246.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC grew its position in Goldman Sachs BDC by 5.5% in the 2nd quarter. Tidal Investments LLC now owns 58,686 shares of the financial services provider’s stock valued at $556,000 after acquiring an additional 3,048 shares during the last quarter. Cidel Asset Management Inc. bought a new stake in Goldman Sachs BDC during the 2nd quarter valued at about $571,000. Integrated Wealth Concepts LLC bought a new stake in Goldman Sachs BDC during the 2nd quarter valued at about $89,000. HB Wealth Management LLC boosted its position in Goldman Sachs BDC by 61.4% in the 2nd quarter. HB Wealth Management LLC now owns 96,865 shares of the financial services provider’s stock valued at $918,000 after buying an additional 36,850 shares during the period. Finally, Compass Financial Management LLC bought a new position in Goldman Sachs BDC in the 2nd quarter worth about $522,000. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is a business development company that invests in privately held, middle-market businesses. The company seeks to generate income and provide long-term capital appreciation by making investments primarily in debt securities and, to a lesser extent, equity interests.

Goldman Sachs BDC’s portfolio typically includes senior secured loans, unitranche loans, second-lien loans and subordinated debt, along with equity investments such as warrants or other ownership interests.