Goldman Sachs BDC Inc. (GSBD) Given New $24.00 Price Target at Citigroup Inc.
Goldman Sachs BDC Inc. (NYSE:GSBD) had its price objective boosted by Citigroup Inc. from $21.00 to $24.00 in a report issued on Wednesday morning. Citigroup Inc. currently has a buy rating on the stock.
Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Goldman Sachs BDC from a hold rating to a sell rating in a research note on Tuesday, August 9th. National Securities restated a buy rating and set a $23.00 target price on shares of Goldman Sachs BDC in a research report on Monday, August 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $22.30.
Goldman Sachs BDC (NYSE:GSBD) traded down 0.069% during midday trading on Wednesday, reaching $21.725. The company’s stock had a trading volume of 46,769 shares. The firm has a 50 day moving average price of $21.64 and a 200 day moving average price of $20.32. Goldman Sachs BDC has a one year low of $16.66 and a one year high of $22.35.
Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by $0.01. Goldman Sachs BDC had a return on equity of 12.04% and a net margin of 21.58%. During the same quarter in the previous year, the firm posted $0.50 earnings per share. On average, equities research analysts expect that Goldman Sachs BDC will post $2.09 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.80 dividend on an annualized basis and a yield of 8.28%. Goldman Sachs BDC’s dividend payout ratio is currently 243.24%.
A number of institutional investors have recently modified their holdings of GSBD. Starfire Investment Advisers Inc. bought a new position in shares of Goldman Sachs BDC during the second quarter worth approximately $248,000. PineBridge Investments L.P. increased its position 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. National Asset Management Inc. bought a new position in shares of Goldman Sachs BDC during the second quarter worth approximately $263,000. Nuveen Fund Advisors LLC bought a new position in shares of Goldman Sachs BDC during the second quarter worth approximately $313,000. Finally, Citigroup Inc. increased its position 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. Institutional investors and hedge funds own 29.96% of the company’s stock.
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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