Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.35 and traded as high as $10.08. Goldman Sachs BDC shares last traded at $9.91, with a volume of 679,544 shares changing hands.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group downgraded Goldman Sachs BDC from a "neutral" rating to a "reduce" rating and set a $8.50 target price for the company. in a report on Thursday, July 9th. Truist Financial boosted their price objective on shares of Goldman Sachs BDC from $9.00 to $10.00 and gave the company a "hold" rating in a report on Monday, August 10th. Zacks Research raised shares of Goldman Sachs BDC from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 28th. Wall Street Zen upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Bank of America reaffirmed an "underperform" rating and issued a $8.50 price objective (down from $9.00) on shares of Goldman Sachs BDC in a report on Thursday, July 9th. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $8.75.
Read Our Latest Analysis on GSBD
Goldman Sachs BDC Price Performance
The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 19.06 and a beta of 0.60. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.36. The company's 50-day moving average is $9.35 and its 200-day moving average is $9.27.
Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last released its earnings results on Thursday, August 6th. The financial services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. Goldman Sachs BDC had a return on equity of 11.04% and a net margin of 17.19%.The firm had revenue of $35.08 million during the quarter, compared to analysts' expectations of $78.89 million. Equities research analysts predict that Goldman Sachs BDC, Inc. will post 1.29 earnings per share for the current year.
Goldman Sachs BDC Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, September 30th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date is Wednesday, September 30th. Goldman Sachs BDC's dividend payout ratio (DPR) is presently 246.15%.
Institutional Trading of Goldman Sachs BDC
Hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG lifted its stake in shares of Goldman Sachs BDC by 18.2% in the 4th quarter. UBS Group AG now owns 1,607,176 shares of the financial services provider's stock valued at $14,915,000 after acquiring an additional 247,163 shares during the last quarter. Invesco Ltd. increased its holdings in Goldman Sachs BDC by 40.1% in the 4th 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 in the last quarter. Ares Management LLC raised its position in Goldman Sachs BDC by 77.0% in the fourth 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 during the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Goldman Sachs BDC by 412.8% during the second quarter. Balyasny Asset Management L.P. now owns 1,103,870 shares of the financial services provider's stock valued at $12,419,000 after purchasing an additional 888,608 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Goldman Sachs BDC by 1.2% during the first quarter. Bank of America Corp DE now owns 997,570 shares of the financial services provider's stock worth $8,858,000 after purchasing an additional 11,915 shares during the last quarter. Institutional investors and hedge funds own 28.72% of the company's stock.
Goldman Sachs BDC Company Profile
(
Get Free Report)
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.
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