Goldman Sachs BDC (GSBD) to Release Earnings on Tuesday

Goldman Sachs BDC (NYSE:GSBD) will issue its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Goldman Sachs BDC had a net margin of 21.16% and a return on equity of 14.98%. The company had revenue of $112.08 million during the quarter, compared to the consensus estimate of $109.16 million. On average, analysts expect Goldman Sachs BDC to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Goldman Sachs BDC Stock Up 2.0 %

Goldman Sachs BDC stock opened at $13.73 on Tuesday. The company has a market capitalization of $1.50 billion, a PE ratio of 16.54 and a beta of 1.15. Goldman Sachs BDC has a 12-month low of $12.75 and a 12-month high of $16.52. The firm’s fifty day moving average is $14.29 and its 200 day moving average is $13.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.22.

Goldman Sachs BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Saturday, September 30th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.80 annualized dividend and a dividend yield of 13.11%. Goldman Sachs BDC’s dividend payout ratio is currently 216.87%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Goldman Sachs BDC in a research note on Thursday, October 5th. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. acquired a new position in Goldman Sachs BDC during the 1st quarter valued at about $209,000. Cetera Advisor Networks LLC bought a new stake in Goldman Sachs BDC during the first quarter worth $245,000. BlackRock Inc. raised its position in Goldman Sachs BDC by 139.2% in the 1st quarter. BlackRock Inc. now owns 676,501 shares of the financial services provider’s stock valued at $13,266,000 after buying an additional 393,739 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Goldman Sachs BDC by 203.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 39,232 shares of the financial services provider’s stock valued at $819,000 after acquiring an additional 26,293 shares in the last quarter. Finally, Raymond James Trust N.A. grew its position in Goldman Sachs BDC by 63.6% in the 1st quarter. Raymond James Trust N.A. now owns 36,809 shares of the financial services provider’s stock worth $721,000 after purchasing an additional 14,311 shares in the last quarter. Institutional investors and hedge funds own 28.86% of the company’s stock.

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.