Goldman Sachs BDC (NYSE:GSBD) Issues Earnings Results

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

Goldman Sachs BDC Price Performance

NYSE GSBD traded down $0.15 during mid-day trading on Friday, hitting $8.64. The stock had a trading volume of 1,079,993 shares, compared to its average volume of 775,325. The firm’s 50 day moving average is $9.23 and its 200 day moving average is $9.25. Goldman Sachs BDC has a twelve month low of $8.35 and a twelve month high of $10.38. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.69 and a quick ratio of 0.69. The stock 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 27th. Investors of record on Thursday, December 31st will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 14.8%. The ex-dividend date of this dividend is Thursday, December 31st. Goldman Sachs BDC’s dividend payout ratio is currently 246.15%.

Analysts Set New Price Targets

A number of analysts have recently commented on GSBD shares. Zacks Research raised shares of Goldman Sachs BDC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 29th. Truist Financial raised their price target 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. Wall Street Zen raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings cut Goldman Sachs BDC from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $8.75.

About Goldman Sachs BDC

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.