About Goldman Sachs BDC (NYSE:GSBD)
Goldman Sachs BDC, Inc. is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company's investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments. The Company invests primarily in the United States middle-market companies. The Company invests in illiquid securities, including debt and equity investments, of middle-market companies. As of December 31, 2016, its portfolio included first lien/senior secured debt, first lien/last-out unitranche, second lien/senior secured debt, unsecured debt, preferred stock, common stock, and investment funds and vehicles.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Investment Management & Fund Operators
- Sub-Industry: N/A
- Symbol: NYSE:GSBD
- CUSIP: N/A
- Web: www.goldmansachsbdc.com
- Market Cap: $900.47 million
- Outstanding Shares: 40,110,000
- 50 Day Moving Avg: $22.23
- 200 Day Moving Avg: $22.79
- 52 Week Range: $20.00 - $25.60
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 11.36
- P/E Growth: 2.16
- Annual Dividend: $1.80
- Dividend Yield: 8.0%
- Net Margins: 35.73%
- Return on Equity: 11.54%
- Return on Assets: 6.67%
- Debt-to-Equity Ratio: 0.56%
- Current Ratio: 1.85%
- Quick Ratio: 1.85%
- Average Volume: 120,831 shs.
- Beta: 0.87
Frequently Asked Questions for Goldman Sachs BDC (NYSE:GSBD)
What is Goldman Sachs BDC's stock symbol?
Goldman Sachs BDC trades on the New York Stock Exchange (NYSE) under the ticker symbol "GSBD."
How often does Goldman Sachs BDC pay dividends? What is the dividend yield for Goldman Sachs BDC?
Goldman Sachs BDC announced a quarterly dividend on Friday, August 4th. Stockholders of record on Friday, September 29th will be given a dividend of $0.45 per share on Monday, October 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date is Thursday, September 28th. View Goldman Sachs BDC's Dividend History.
How were Goldman Sachs BDC's earnings last quarter?
Goldman Sachs BDC, Inc. (NYSE:GSBD) issued its earnings results on Thursday, August, 3rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.15. The firm had revenue of $36 million for the quarter, compared to analyst estimates of $33.66 million. Goldman Sachs BDC had a return on equity of 11.54% and a net margin of 35.73%. The company's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 EPS. View Goldman Sachs BDC's Earnings History.
When will Goldman Sachs BDC make its next earnings announcement?
Where is Goldman Sachs BDC's stock going? Where will Goldman Sachs BDC's stock price be in 2017?
8 equities research analysts have issued twelve-month price objectives for Goldman Sachs BDC's stock. Their forecasts range from $18.40 to $28.00. On average, they anticipate Goldman Sachs BDC's share price to reach $22.18 in the next twelve months. View Analyst Ratings for Goldman Sachs BDC.
What are analysts saying about Goldman Sachs BDC stock?
Here are some recent quotes from research analysts about Goldman Sachs BDC stock:
- 1. According to Zacks Investment Research, "Goldman Sachs BDC, Inc. is a specialty finance company. The Company invests primarily in telecommunication services, electronic equipment, instruments and components and real estate management and development industries. Goldman Sachs BDC, Inc. is based in NEW YORK, United States. " (10/17/2017)
- 2. National Securities analysts commented, "• Goldman reported NII/share of $0.64, versus our estimate of $0.50 and the $0.45 quarterly dividend. Total repayments for the quarter totaled $167.8 million, the highest amount since GSBD went public. The combined accelerated OID accretion and prepayment fees served to significantly boost investment income during the quarter. We expect prepayments and thus fees and OID acceleration will normalize in 3Q17 although we still anticipate NII to be well in excess of the quarterly dividend.
• GSBD had heavy realized losses of $38.1 million for the quarter largely pertaining to previous non-accruals Washington Inventory Services and Iracore International Holdings being restructured. These two non-accruals combined had unrealized losses of $32.4 million as of 3/31/17. Additionally, Kawa Solar Holdings was placed on non-accrual with a cost of $6.7 million. The out-earned dividend courtesy of prepayments combined with a 2Q17 equity offering completed at a 23% premium to 1Q17 NAV/share served to offset the realized losses and resulted in NAV/share only being down $0.03 Q/Q.
• We are revising our 2017 NII/share estimate to $2.10 from $1.98 and our 2018 NII/share estimate to $2.03 from $2.07." (8/7/2017)
Who are some of Goldman Sachs BDC's key competitors?
Some companies that are related to Goldman Sachs BDC include Waddell & Reed Financial (WDR), Sanne Group PLC (SNN), IP Group Plc (IPO), Gamco Investors (GBL), Allied Minds PLC (ALM), Arlington Asset Investment Corp (AI), River and Mercantile Group PLC (RIV), Safeguard Scientifics (SFE), Mattioli Woods plc (MTW), IFG Group PLC (IFP), Garrison Capital (GARS), Ashford (AINC), Sigma Capital Group Plc (SGM), Tavistock Investments PLC (TAVI), Janus Capital Group (JNS), Janus Henderson Group PLC (HGG) and Sole Realisation Company PLC (SVI).
Who are Goldman Sachs BDC's key executives?
Goldman Sachs BDC's management team includes the folowing people:
- Ashok N. Bakhru, Independent Chairman of the Board
- Brendan Mcgovern, President, Chief Executive Officer
- Jonathan Lamm, Chief Financial Officer, Treasurer
- Jon Yoder, Chief Operating Officer
- Salvatore Lentini, Executive Vice President
- Scott Turco, Executive Vice President
- David Yu, Executive Vice President, Head - Research
- Carmine Rossetti, Principal Accounting Officer
- Maya Teufel, Chief Compliance Officer
- Katherine Uniacke, Director
When did Goldman Sachs BDC IPO?
(GSBD) raised $123 million in an initial public offering (IPO) on Wednesday, March 18th 2015. The company issued 6,000,000 shares at $20.00-$21.00 per share. BofA Merrill Lynch, Goldman Sachs, Morgan Stanley, Citigroup, Credit Suisse and Wells Fargo Securities acted as the underwriters for the IPO and Raymond James and SunTrust Robinson Humphrey were co-managers.
Who owns Goldman Sachs BDC stock?
Goldman Sachs BDC's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Harvest Capital Management Inc (0.00%) and Advisors Capital Management LLC (0.02%). Company insiders that own Goldman Sachs BDC stock include Ann B Lane, Goldman Sachs Group Inc, Jaime Ardila, Ross Jay Kari and Salvatore Lentini. View Institutional Ownership Trends for Goldman Sachs BDC.
Who bought Goldman Sachs BDC stock? Who is buying Goldman Sachs BDC stock?
Goldman Sachs BDC's stock was acquired by a variety of institutional investors in the last quarter, including Harvest Capital Management Inc and Advisors Capital Management LLC. Company insiders that have bought Goldman Sachs BDC stock in the last two years include Ann B Lane, Goldman Sachs Group Inc, Jaime Ardila, Ross Jay Kari and Salvatore Lentini. View Insider Buying and Selling for Goldman Sachs BDC.
How do I buy Goldman Sachs BDC stock?
Shares of Goldman Sachs BDC can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Goldman Sachs BDC's stock price today?
MarketBeat Community Rating for Goldman Sachs BDC (NYSE GSBD)MarketBeat's community ratings are surveys of what our community members think about Goldman Sachs BDC and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Goldman Sachs BDC stock can currently be purchased for approximately $22.50.
Consensus Ratings for Goldman Sachs BDC (NYSE:GSBD) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 4 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.25)|
|Consensus Price Target: ||$22.18 (1.42% downside)|Consensus Price Target History for Goldman Sachs BDC (NYSE:GSBD)
Analysts' Ratings History for Goldman Sachs BDC (NYSE:GSBD)
(Data available from 10/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/7/2017||National Securities||Reiterated Rating||Neutral||$22.00||Low|
|5/26/2017||Raymond James Financial, Inc.||Upgrade||Market Perform -> Outperform||Low|
|5/26/2017||Goldman Sachs Group, Inc. (The)||Upgrade||Market Perform -> Outperform||Low|
|3/21/2017||Citigroup Inc.||Reiterated Rating||Buy||$24.00 -> $28.00||Low|
|1/18/2017||Wells Fargo & Company||Downgrade||Outperform -> Market Perform||N/A|
|1/6/2017||SunTrust Banks, Inc.||Downgrade||Buy -> Hold||$22.00||N/A|
|11/30/2016||National Alliance Securities||Downgrade||Buy -> Neutral||N/A|
|11/3/2016||Bank of America Corporation||Downgrade||Neutral -> Underperform||$20.50||N/A|
|6/1/2016||Credit Suisse Group||Lower Price Target||Neutral||$21.00 -> $19.50||N/A|
Earnings History for Goldman Sachs BDC (NYSE:GSBD)Earnings History by Quarter for Goldman Sachs BDC (NYSE GSBD)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/3/2017||Q2 2017||$0.49||$0.64||$33.66 million||$36.00 million||View||Listen|
|5/4/2017||Q1 2017||$0.49||$0.49||$32.03 million||$32.20 million||View||Listen|
|2/28/2017||Q416||$0.51||$0.50||$33.31 million||$30.49 million||View||N/A|
|11/3/2016||Q316||$0.50||$0.51||$26.37 million||$33.95 million||View||N/A|
|8/4/2016||Q216||$0.51||$0.50||$32.09 million||$29.32 million||View||N/A|
|5/9/2016||Q116||$0.51||$0.58||$32.48 million||$29.95 million||View||N/A|
|3/2/2016||Q415||$0.53||$0.62||$33.19 million||$31.85 million||View||N/A|
|11/5/2015||Q315||$0.48||$0.57||$28.87 million||$32.90 million||View||N/A|
|8/6/2015||Q215||$0.46||$0.44||$27.00 million||$27.30 million||View||N/A|
|5/14/2015||Q115||$0.49||$0.52||$26.36 million||$26.37 million||View||Listen|
Earnings Estimates for Goldman Sachs BDC (NYSE:GSBD)
Current Year EPS Consensus Estimate: $2.07 EPS
Next Year EPS Consensus Estimate: $1.98 EPS
Current Dividend Information for Goldman Sachs BDC (NYSE:GSBD)
|Most Recent Dividend:||10/16/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||139.54% (Trailing 12 Months of Earnings) |
86.96% (Based on This Year's Estimates)
90.91% (Based on Next Year's Estimates)
Dividend History by Quarter for Goldman Sachs BDC (NYSE GSBD)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Goldman Sachs BDC (NYSE:GSBD)
Insider Ownership Percentage: 0.32%Insider Trades by Quarter for Goldman Sachs BDC (NYSE:GSBD)
Institutional Ownership Percentage: 36.74%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/8/2017||Ann B Lane||Director||Buy||2,240||$22.32||$49,996.80|| |
|5/23/2017||Ross Jay Kari||Director||Buy||5,000||$22.24||$111,200.00|| |
|11/7/2016||Jaime Ardila||Director||Buy||4,683||$21.52||$100,778.16|| |
|3/4/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||12,930||$18.71||$241,920.30|| |
|3/4/2016||Salvatore Lentini||EVP||Buy||7,941||$18.82||$149,449.62|| |
|3/2/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||14,984||$18.58||$278,402.72|| |
|2/29/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||16,150||$18.46||$298,129.00|| |
|2/25/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||17,407||$18.43||$320,811.01|| |
|2/23/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||16,233||$18.44||$299,336.52|| |
|2/19/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||19,818||$18.37||$364,056.66|| |
|2/17/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||20,686||$18.05||$373,382.30|| |
|2/12/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||21,319||$17.77||$378,838.63|| |
|2/10/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||20,943||$18.08||$378,649.44|| |
|2/8/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||20,838||$18.10||$377,167.80|| |
|2/4/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||20,453||$17.99||$367,949.47|| |
|2/2/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||20,305||$18.01||$365,693.05|| |
|1/29/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||21,800||$18.37||$400,466.00|| |
|1/25/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||20,439||$18.55||$379,143.45|| |
|1/21/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||27,699||$17.51||$485,009.49|| |
|1/19/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||21,685||$18.60||$403,341.00|| |
|1/14/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||22,350||$19.21||$429,343.50|| |
|1/12/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||23,509||$19.27||$453,018.43|| |
|1/8/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||23,247||$19.31||$448,899.57|| |
|1/6/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||15,700||$19.15||$300,655.00|| |
|1/4/2016||Goldman Sachs Group Inc||Major Shareholder||Buy||25,999||$19.19||$498,920.81|| |
|12/30/2015||Goldman Sachs Group Inc||Major Shareholder||Buy||27,312||$19.34||$528,214.08|| |
|12/14/2015||Goldman Sachs Group Inc||Major Shareholder||Buy||12,284||$19.24||$236,344.16|| |
|10/9/2015||Goldman Sachs Group Inc||Major Shareholder||Buy||21,456||$19.42||$416,675.52|| |
|10/7/2015||Goldman Sachs Group Inc||Major Shareholder||Buy||42,176||$19.25||$811,888.00|| |
|10/5/2015||Goldman Sachs Group Inc||Major Shareholder||Buy||39,927||$18.87||$753,422.49|| |
|10/1/2015||Goldman Sachs Group Inc||Major Shareholder||Buy||40,898||$18.54||$758,248.92|| |
|9/29/2015||Goldman Sachs Group Inc||Major Shareholder||Buy||20,449||$18.51||$378,510.99|| |
Headline Trends for Goldman Sachs BDC (NYSE:GSBD)
Latest Headlines for Goldman Sachs BDC (NYSE:GSBD)
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Goldman Sachs BDC (GSBD) Chart for Tuesday, October, 24, 2017