Goldman Sachs BDC (NYSE:GSBD) Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Goldman Sachs BDC from “sell” to “hold,” but overall analyst sentiment remains cautious, with an average “Reduce” rating and an $8.50 price target.
• GSBD shares were recently trading at $9.77, up 7.4%, after the company reported quarterly earnings of $0.37 per share, beating the $0.31 consensus estimate.
• The company declared a $0.32-per-share base dividend and a $0.03 supplemental dividend, supporting an annualized yield of roughly 14% at the cited share price.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other equities analysts have also weighed in on GSBD. Bank of America restated an "underperform" rating and set a $8.50 price objective (down from $9.00) on shares of Goldman Sachs BDC in a research report on Thursday, July 9th. Zacks Research upgraded shares of Goldman Sachs BDC from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 28th. Weiss Ratings reissued a "hold (c-)" rating on shares of Goldman Sachs BDC in a research note on Tuesday, June 2nd. Truist Financial reduced their target price on shares of Goldman Sachs BDC from $10.00 to $9.00 and set a "hold" rating for the company in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group downgraded Goldman Sachs BDC from a "neutral" rating to a "reduce" rating and set a $8.50 price objective for the company. in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Goldman Sachs BDC currently has an average rating of "Reduce" and an average target price of $8.50.

Goldman Sachs BDC Trading Up 7.4%

Shares of Goldman Sachs BDC stock opened at $9.77 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 18.78 and a beta of 0.57. The business has a fifty day simple moving average of $9.07 and a 200-day simple moving average of $9.19. Goldman Sachs BDC has a fifty-two week low of $8.35 and a fifty-two week high of $11.62.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last announced its earnings results on Thursday, August 6th. The financial services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. The business had revenue of $35.08 million during the quarter, compared to analysts' expectations of $78.89 million. Goldman Sachs BDC had a return on equity of 10.92% and a net margin of 17.19%. On average, equities analysts forecast that Goldman Sachs BDC will post 1.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GSBD. Closed End Fund Advisors Inc. acquired a new stake in Goldman Sachs BDC during the 4th quarter valued at $3,858,000. UBS Group AG boosted its position in shares of Goldman Sachs BDC by 18.2% in the fourth quarter. UBS Group AG now owns 1,607,176 shares of the financial services provider's stock worth $14,915,000 after buying an additional 247,163 shares during the period. Sage Rhino Capital LLC boosted its position in shares of Goldman Sachs BDC by 39.9% in the fourth quarter. Sage Rhino Capital LLC now owns 409,885 shares of the financial services provider's stock worth $3,804,000 after buying an additional 117,000 shares during the period. Saxon Interests Inc. purchased a new position in shares of Goldman Sachs BDC during the fourth quarter valued at $1,131,000. Finally, One William Street Capital Management L.P. purchased a new position in shares of Goldman Sachs BDC during the fourth quarter valued at $742,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting 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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