Goldman Sachs BDC (NYSE:GSBD) Announces Earnings Results

Key Points

• Goldman Sachs BDC beat earnings expectations: Quarterly EPS was $0.37, exceeding the $0.31 analyst consensus. The company reported $35.08 million in revenue, below the cited $78.89 million estimate.
• The company declared a $0.32-per-share quarterly dividend, equivalent to $1.28 annually and a reported yield of about 13.1%. Its payout ratio remains high at 196.92%.
• Analysts remain cautious despite the earnings beat: GSBD carries a consensus “Reduce” rating and an $8.50 price target, below its recently cited trading price of $9.77.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) released its earnings results on Thursday. The financial services provider reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.06, FiscalAI reports. Goldman Sachs BDC had a net margin of 17.19% and a return on equity of 10.92%. The firm had revenue of $35.08 million during the quarter, compared to analyst estimates of $78.89 million.

Goldman Sachs BDC Stock Performance

Shares of GSBD traded up $0.68 on Friday, reaching $9.77. 2,147,663 shares of the stock traded hands, compared to its average volume of 760,748. The stock's 50-day moving average price is $9.07 and its 200-day moving average price is $9.19. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 18.78 and a beta of 0.57. Goldman Sachs BDC has a 12 month low of $8.35 and a 12 month high of $11.62.

Goldman Sachs BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.1%. Goldman Sachs BDC's payout ratio is currently 196.92%.

Analyst Upgrades and Downgrades

GSBD has been the topic of a number of recent analyst reports. Truist Financial dropped their price objective on Goldman Sachs BDC from $10.00 to $9.00 and set a "hold" rating on the stock in a research note on Tuesday, May 19th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Goldman Sachs BDC in a report on Tuesday, June 2nd. Wall Street Zen upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Saturday. Bank of America reissued an "underperform" rating and issued a $8.50 price objective (down from $9.00) on shares of Goldman Sachs BDC in a research report on Thursday, July 9th. Finally, The Goldman Sachs Group downgraded shares of Goldman Sachs BDC from a "neutral" rating to a "reduce" rating and set a $8.50 price objective on the stock. in a research note on Thursday, July 9th. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $8.50.

Institutional Investors Weigh In On Goldman Sachs BDC

Institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. lifted its stake in Goldman Sachs BDC by 40.1% during the fourth quarter. Invesco Ltd. now owns 1,490,799 shares of the financial services provider's stock worth $13,835,000 after purchasing an additional 426,859 shares during the period. Ares Management LLC boosted its stake in shares of 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 purchasing an additional 614,637 shares in the last quarter. UBS Group AG grew its holdings in shares of Goldman Sachs BDC by 27.2% in the 3rd quarter. UBS Group AG now owns 1,360,013 shares of the financial services provider's stock worth $13,831,000 after purchasing an additional 290,737 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of Goldman Sachs BDC by 412.8% in the 2nd 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 last quarter. Finally, Bank of America Corp DE increased its position in shares of Goldman Sachs BDC by 14.7% during the 3rd quarter. Bank of America Corp DE now owns 989,965 shares of the financial services provider's stock worth $10,068,000 after purchasing an additional 127,036 shares in the last quarter. Institutional investors own 28.72% of the company's stock.

Trending Headlines about Goldman Sachs BDC

Here are the key news stories impacting Goldman Sachs BDC this week:

• Positive Sentiment: Quarterly earnings beat expectations. GSBD reported adjusted net investment income of $0.37 per share for the quarter ended June 30, 2026, above the $0.31 analyst consensus. Reported net investment income was $0.38 per share, compared with $0.38 a year earlier. Goldman Sachs BDC Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Large dividend payments support investor appeal. The company declared a $0.32-per-share third-quarter base dividend, payable October 28 to shareholders of record September 30, plus a $0.03-per-share supplemental dividend payable September 15. The regular dividend represents an annualized yield of roughly 14% based on the cited report. Goldman Sachs BDC Reports June 30, 2026 Financial Results
• Neutral Sentiment: Analyst valuation remains cautious. Analysts cited in a recent report have an average price target of $8.50, below the stock’s recently cited trading level, suggesting limited near-term upside despite the earnings beat. Goldman Sachs BDC Receives $8.50 Average Price Target
• Negative Sentiment: Revenue figures were mixed across reports. One market report listed revenue of $35.08 million versus a $78.89 million estimate, although Zacks characterized revenue as beating expectations. Investors may want to review the company’s filing and earnings presentation for clarification. Goldman Sachs BDC 2026 Q2 Results Earnings Call Presentation

About Goldman Sachs BDC

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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