Brokerages Set Goldman Sachs BDC Inc. (NYSE:GSBD) PT at $21.83
Shares of Goldman Sachs BDC Inc. (NYSE:GSBD) have earned an average recommendation of “Buy” from the six brokerages that are currently covering the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.83.
GSBD has been the topic of several analyst reports. Zacks Investment Research lowered shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Friday, July 29th. National Securities reaffirmed a “buy” rating and issued a $23.00 target price on shares of Goldman Sachs BDC in a report on Monday, August 8th.
Large investors have recently modified their holdings of the company. PineBridge Investments L.P. raised its stake in shares of Goldman Sachs BDC by 133.9% in the second quarter. PineBridge Investments L.P. now owns 9,334 shares of the company’s stock worth $187,000 after buying an additional 5,344 shares in the last quarter. Starfire Investment Advisers Inc. bought a new stake in shares of Goldman Sachs BDC during the second quarter worth approximately $248,000. National Asset Management Inc. bought a new stake in shares of Goldman Sachs BDC during the second quarter worth approximately $263,000. Nuveen Fund Advisors LLC bought a new stake in shares of Goldman Sachs BDC during the second quarter worth approximately $313,000. Finally, Citigroup Inc. raised its stake in shares of Goldman Sachs BDC by 2.0% in the second quarter. Citigroup Inc. now owns 17,820 shares of the company’s stock worth $356,000 after buying an additional 349 shares in the last quarter. 29.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Goldman Sachs BDC (NYSE:GSBD) opened at 21.77 on Wednesday. The company has a 50 day moving average of $21.56 and a 200-day moving average of $20.27. Goldman Sachs BDC has a 12-month low of $16.66 and a 12-month high of $22.35.
Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.01. Goldman Sachs BDC had a net margin of 21.58% and a return on equity of 12.04%. During the same quarter last year, the firm posted $0.50 earnings per share. Analysts expect that Goldman Sachs BDC will post $2.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date of this dividend is Wednesday, September 28th. Goldman Sachs BDC’s dividend payout ratio is currently 243.24%.
Goldman Sachs BDC Company Profile
Goldman Sachs BDC, Inc, formerly Goldman Sachs Liberty Harbor Capital, LLC, is a closed-end management investment company. The Company is focused on lending to middle-market companies. Its investment objective is to generate current income and capital appreciation through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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