Goldman Sachs BDC, Inc. (NYSE:GSBD) Given Average Recommendation of “Reduce” by Brokerages

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) have been given an average rating of “Reduce” by the five ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $9.75.

GSBD has been the subject of several research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Goldman Sachs BDC in a research report on Monday. Lucid Cap Mkts upgraded shares of Goldman Sachs BDC to a “hold” rating in a research note on Monday, December 15th. Zacks Research upgraded shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. The Goldman Sachs Group initiated coverage on shares of Goldman Sachs BDC in a report on Monday. They set a “neutral” rating and a $10.50 target price on the stock. Finally, Wells Fargo & Company reduced their price target on Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Monday, November 10th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GSBD. Kraematon Investment Advisors Inc. boosted its stake in shares of Goldman Sachs BDC by 1.6% in the 2nd quarter. Kraematon Investment Advisors Inc. now owns 61,331 shares of the financial services provider’s stock valued at $690,000 after purchasing an additional 969 shares during the last quarter. Garde Capital Inc. boosted its position in Goldman Sachs BDC by 1.0% during the second quarter. Garde Capital Inc. now owns 100,500 shares of the financial services provider’s stock valued at $1,131,000 after acquiring an additional 1,000 shares during the last quarter. Aspiriant LLC raised its position in shares of Goldman Sachs BDC by 9.5% in the 2nd quarter. Aspiriant LLC now owns 11,500 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 1,000 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of Goldman Sachs BDC by 4.9% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 22,052 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 1,022 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in Goldman Sachs BDC by 4.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,847 shares of the financial services provider’s stock valued at $283,000 after buying an additional 1,082 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Down 1.2%

Shares of GSBD stock opened at $9.60 on Friday. Goldman Sachs BDC has a 52-week low of $9.35 and a 52-week high of $13.44. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 8.28 and a beta of 0.64. The firm’s 50-day moving average is $9.84 and its 200-day moving average is $10.78. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.81 and a current ratio of 1.81.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, November 6th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. Goldman Sachs BDC had a return on equity of 12.78% and a net margin of 34.72%.The company had revenue of $91.60 million during the quarter, compared to the consensus estimate of $88.16 million. Sell-side analysts predict that Goldman Sachs BDC will post 2.19 EPS for the current year.

Goldman Sachs BDC Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 27th. Shareholders of record on Wednesday, December 31st will be given a $0.32 dividend. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.04. This represents a $1.28 dividend on an annualized basis and a yield of 13.3%. The ex-dividend date is Wednesday, December 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 110.34%.

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.