Goldman Sachs BDC, Inc. (NYSE:GSBD) Stock Has Average Price Target of $8.75 According to Brokerages

Goldman Sachs BDC, Inc. (NYSE:GSBD) has been assigned a consensus recommendation of “Strong Sell” from the seven analysts that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $8.50.

Several analysts have recently weighed in on GSBD shares. Wall Street Zen upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings lowered shares of Goldman Sachs BDC from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, November 4th. Truist Financial dropped their price target on shares of Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, November 10th. Finally, Zacks Research cut shares of Goldman Sachs BDC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 10th.

Goldman Sachs BDC Stock Performance

GSBD traded down $0.04 during trading on Tuesday, reaching $8.27. 602,372 shares of the company’s stock were exchanged, compared to its average volume of 823,798. Goldman Sachs BDC has a fifty-two week low of $8.23 and a fifty-two week high of $10.38. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 1.25. The business has a 50 day moving average price of $9.07 and a 200 day moving average price of $9.22. The company has a market capitalization of $917.83 million, a P/E ratio of 31.79 and a beta of 0.62.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Thursday, November 5th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). Goldman Sachs BDC had a net margin of 9.21% and a return on equity of 10.56%. The business had revenue of $74.99 million during the quarter, compared to the consensus estimate of $80.13 million. As a group, analysts predict that Goldman Sachs BDC will post 1.24 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 27th. Stockholders of record on Thursday, December 31st will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 15.5%. The ex-dividend date is Thursday, December 31st. Goldman Sachs BDC’s dividend payout ratio is currently 492.31%.

Hedge Funds Weigh In On Goldman Sachs BDC

A number of hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new stake in Goldman Sachs BDC in the 2nd quarter valued at $89,000. Sovran Advisors LLC raised its stake in Goldman Sachs BDC by 14.4% during the first quarter. Sovran Advisors LLC now owns 14,245 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 1,790 shares in the last quarter. Prosperity Planning Inc. acquired a new position in Goldman Sachs BDC during the third quarter worth $134,000. Bridgewealth Advisory Group LLC acquired a new position in Goldman Sachs BDC during the third quarter worth $147,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Goldman Sachs BDC by 17.6% during the first quarter. Janney Montgomery Scott LLC now owns 17,000 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 2,545 shares during the period. 28.72% of the stock is owned by institutional investors and hedge funds.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc. is a business development company that provides financing to middle-market companies, primarily in the United States. It seeks to support businesses that may need capital for growth, acquisitions, refinancing, or other corporate purposes. The company invests mainly in debt securities, including senior secured, unitranche, second-lien, and subordinated loans. It may also make equity and equity-related investments, often alongside its lending activities. Goldman Sachs BDC is externally managed by Goldman Sachs Asset Management, part of Goldman Sachs.