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

Goldman Sachs BDC, Inc. (NYSE:GSBD) has received a consensus rating of “Reduce” from the six ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $9.50.

A number of analysts have commented on GSBD shares. Weiss Ratings raised shares of Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 5th. Wells Fargo & Company cut their price target on Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Monday, March 2nd. Truist Financial reduced their price target on Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, March 4th. Wall Street Zen upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Sunday, March 15th. Finally, Lucid Cap Mkts upgraded shares of Goldman Sachs BDC to a “hold” rating in a report on Monday, December 15th.

Goldman Sachs BDC Stock Performance

GSBD stock opened at $8.99 on Monday. The company has a 50 day moving average price of $9.26 and a 200 day moving average price of $9.69. Goldman Sachs BDC has a fifty-two week low of $8.81 and a fifty-two week high of $12.37. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $1.01 billion, a PE ratio of 8.64 and a beta of 0.62.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Friday, February 27th. The financial services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $38.79 million for the quarter, compared to analyst estimates of $87.18 million. Goldman Sachs BDC had a return on equity of 12.23% and a net margin of 32.62%. Analysts forecast that Goldman Sachs BDC will post 2.19 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 14.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 123.08%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GSBD. Oppenheimer & Co. Inc. lifted its holdings in shares of Goldman Sachs BDC by 4.0% in the third quarter. Oppenheimer & Co. Inc. now owns 27,847 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 1,082 shares during the last quarter. IHT Wealth Management LLC boosted its position in Goldman Sachs BDC by 5.7% in the second quarter. IHT Wealth Management LLC now owns 21,647 shares of the financial services provider’s stock valued at $244,000 after buying an additional 1,173 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Goldman Sachs BDC by 1.4% during the third quarter. Ameriprise Financial Inc. now owns 100,190 shares of the financial services provider’s stock worth $1,019,000 after buying an additional 1,397 shares during the last quarter. Wellington Shields & Co. LLC increased its holdings in shares of Goldman Sachs BDC by 7.1% during the third quarter. Wellington Shields & Co. LLC now owns 21,650 shares of the financial services provider’s stock worth $220,000 after buying an additional 1,430 shares in the last quarter. Finally, Founders Financial Alliance LLC increased its holdings in shares of Goldman Sachs BDC by 3.2% during the fourth quarter. Founders Financial Alliance LLC now owns 46,643 shares of the financial services provider’s stock worth $433,000 after buying an additional 1,444 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.