Analysts Set Goldman Sachs BDC, Inc. (NYSE:GSBD) Price Target at $9.50
by Mitch Edgeman · The Markets DailyGoldman Sachs BDC, Inc. (NYSE:GSBD – Get Free Report) has received an average rating of “Reduce” from the six analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $9.50.
Several equities analysts have recently weighed in on GSBD shares. Wall Street Zen raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Sunday, March 15th. Wells Fargo & Company lowered their price target on Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Monday, March 2nd. Lucid Cap Mkts raised shares of Goldman Sachs BDC to a “hold” rating in a research note on Monday, December 15th. The Goldman Sachs Group initiated coverage on shares of Goldman Sachs BDC in a research report on Monday, December 15th. They set a “neutral” rating and a $10.50 price objective on the stock. Finally, Truist Financial reduced their target price on shares of Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, March 4th.
Check Out Our Latest Analysis on GSBD
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of GSBD. Van ECK Associates Corp grew its stake in shares of Goldman Sachs BDC by 3.2% during the third quarter. Van ECK Associates Corp now owns 2,889,090 shares of the financial services provider’s stock valued at $29,382,000 after buying an additional 89,009 shares during the last quarter. UBS Group AG boosted its holdings in Goldman Sachs BDC by 18.2% during the 4th quarter. UBS Group AG now owns 1,607,176 shares of the financial services provider’s stock valued at $14,915,000 after acquiring an additional 247,163 shares during the period. Invesco Ltd. grew its position in Goldman Sachs BDC by 40.1% in the 4th quarter. Invesco Ltd. now owns 1,490,799 shares of the financial services provider’s stock valued at $13,835,000 after acquiring an additional 426,859 shares during the last quarter. Ares Management LLC grew its position in Goldman Sachs BDC by 77.0% in the 4th quarter. Ares Management LLC now owns 1,413,058 shares of the financial services provider’s stock valued at $13,113,000 after acquiring an additional 614,637 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in Goldman Sachs BDC by 412.8% in the second quarter. Balyasny Asset Management L.P. now owns 1,103,870 shares of the financial services provider’s stock worth $12,419,000 after purchasing an additional 888,608 shares during the period. Hedge funds and other institutional investors own 28.72% of the company’s stock.
Goldman Sachs BDC Stock Up 0.1%
Shares of NYSE:GSBD opened at $9.04 on Monday. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 8.69 and a beta of 0.57. Goldman Sachs BDC has a 12 month low of $8.66 and a 12 month high of $12.03. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.32. The company has a 50-day moving average price of $9.22 and a 200 day moving average price of $9.63.
Goldman Sachs BDC (NYSE:GSBD – Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The financial services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. Goldman Sachs BDC had a return on equity of 12.23% and a net margin of 32.62%.The company had revenue of $38.79 million for the quarter, compared to analysts’ expectations of $87.18 million. As a group, equities research analysts predict that Goldman Sachs BDC will post 2.19 earnings per share for the current year.
Goldman Sachs BDC Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 14.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Goldman Sachs BDC’s dividend payout ratio is 123.08%.
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.