Goldman Sachs BDC, Inc. is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities. The fund primarily invests in United States. It seeks to invest between $10 million and $75 million in companies with EBITDA between $5 million and $75 million annually.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Investment offices, not elsewhere classified
Sub-IndustryN/A
SectorFinance
SymbolNYSE:GSBD
CUSIPN/A
Phone212-902-0300
Debt
Debt-to-Equity Ratio0.69
Current Ratio0.80
Quick Ratio0.80
Price-To-Earnings
Trailing P/E Ratio10.86
Forward P/E Ratio11.30
P/E Growth5.67
Sales & Book Value
Annual Sales$136.78 million
Price / Sales6.61
Cash Flow$1.0992 per share
Price / Cash20.46
Book Value$18.09 per share
Price / Book1.24
Profitability
EPS (Most Recent Fiscal Year)$2.07
Net Income$49.54 million
Net Margins46.91%
Return on Equity10.19%
Return on Assets5.87%
Miscellaneous
EmployeesN/A
Outstanding Shares40,200,000
Market Cap$904.41 million
Goldman Sachs BDC (NYSE:GSBD) Frequently Asked Questions
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 declared a quarterly dividend on Thursday, August 2nd. Stockholders of record on Friday, September 28th will be paid a dividend of $0.45 per share on Monday, October 15th. This represents a $1.80 annualized dividend and a dividend yield of 8.00%. The ex-dividend date is Thursday, September 27th. View Goldman Sachs BDC's Dividend History.
How were Goldman Sachs BDC's earnings last quarter?
Goldman Sachs BDC Inc (NYSE:GSBD) released its earnings results on Thursday, August, 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.47 by $0.03. The financial services provider earned $37.20 million during the quarter, compared to analysts' expectations of $36.04 million. Goldman Sachs BDC had a return on equity of 10.19% and a net margin of 46.91%. Goldman Sachs BDC's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 EPS. View Goldman Sachs BDC's Earnings History.
When is Goldman Sachs BDC's next earnings date?
What price target have analysts set for GSBD?
7 equities research analysts have issued 12 month price objectives for Goldman Sachs BDC's stock. Their forecasts range from $20.00 to $24.00. On average, they expect Goldman Sachs BDC's stock price to reach $22.80 in the next twelve months. This suggests a possible upside of 1.4% from the stock's current price. View Analyst Price Targets for Goldman Sachs BDC.
What is the consensus analysts' recommendation for Goldman Sachs BDC?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Goldman Sachs BDC in the last year. There are currently 1 sell rating, 2 hold ratings, 2 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Goldman Sachs BDC.
What are Wall Street 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. " (9/12/2018)
- 2. National Securities analysts commented, " Goldman earned $0.50/share of NII in 2Q18, 3 cents ahead of our estimate. The company’s portfolio at cost shrunk to $1.26 billion from $1.28 billion Q/Q although investment income was up, leading us to expect that the increased revenue was likely attributable to some OID acceleration as well as prepayment fees.
Encouraged by some better terms and pricing in the UMM the company’s SCF (senior credit fund) had $60.8 million of originations versus sales and repayments of $11.9 million. It has been some time since the SCF grew, and the company has been very disciplined to not grow the JV for the sake of growing it, but instead using it as an opportunistic vehicle for when loan spreads and terms become more favorable on a relative basis in the UMM.
In June, the company won the shareholder vote to immediately reduce its asset coverage from 200% to 150% and concomitantly lower base fees permanently to 100 bps on gross assets from 150 bps previously. We applaud Goldman for implementing such a shareholder friendly fee reduction, with an immediate and permanent fee drop as opposed to their peers which are doing none at all or fee waivers past a certain threshold of balance sheet leverage.
The reduced fees should especially boost NII/share Y/Y for 2019 as the ramping balance sheet leverage, which we expect will still be far below 1.00x, will contribute positively to ROE as much of the benefit from the increased available leverage flows to shareholders.
We are revising our 2018 NII/share estimate to $2.00 from $1.98 and our 2019 NII/share estimate to $2.14 from $2.17 and maintaining our BUY rating and $23 price target." (8/6/2018)
Who are some of Goldman Sachs BDC's key competitors?
Some companies that are related to Goldman Sachs BDC include DNP Select Income Fund (DNP), Nuveen Municipal Value Fund (NUV), Adams Diversified Equity Fund (ADX), Gabelli Equity Trust (GAB), Tri-Continental (TY), Royce Value Trust (RVT), Tortoise Energy Infrastructure (TYG), PIMCO Corporate&Income Opportunity Fund (PTY), Liberty All-Star Equity Fund (USA), Hercules Capital (HTGC), Boulder Growth & Income Fund (BIF), Apollo Investment (AINV), PIMCO High Income Fund (PHK), AllianceBernstein Global Hgh Incm Fd (AWF) and General American Investors (GAM).
Who are Goldman Sachs BDC's key executives?
Goldman Sachs BDC's management team includes the folowing people:
- Mr. Brendan M. McGovern, Pres & CEO (Age 47)
- Mr. Jonathan Lamm, Treasurer & CFO (Age 43)
- Mr. Jon Yoder, Chief Operating Officer (Age 44)
- Mr. David Yu, Head of Research and Exec. VP (Age 36)
- Ms. Katherine Schneider, Head of Investor Relations
When did Goldman Sachs BDC IPO?
(GSBD) raised $123 million in an 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 are Goldman Sachs BDC's major shareholders?
Goldman Sachs BDC's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include CIBC World Markets Inc. (1.06%), CNO Financial Group Inc. (0.89%), Van ECK Associates Corp (0.63%), Mckinley Capital Management LLC Delaware (0.45%), Legal & General Group Plc (0.40%) and Barnett & Company Inc. (0.34%). Company insiders that own Goldman Sachs BDC stock include Ann B Lane, Goldman Sachs Group Inc, Jaime Ardila and Ross Jay Kari. View Institutional Ownership Trends for Goldman Sachs BDC.
Which major investors are selling Goldman Sachs BDC stock?
GSBD stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, CNO Financial Group Inc., Advisors Asset Management Inc., Sumitomo Mitsui Asset Management Company LTD, Advisors Asset Management Inc., Anchor Capital Advisors LLC, Regal Investment Advisors LLC and Private Advisor Group LLC. View Insider Buying and Selling for Goldman Sachs BDC.
Which major investors are buying Goldman Sachs BDC stock?
GSBD stock was purchased by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, Millennium Management LLC, Raymond James & Associates, First Republic Investment Management Inc., Raymond James Financial Services Advisors Inc., CIBC World Markets Inc., Mckinley Capital Management LLC Delaware and Legal & General Group Plc. Company insiders that have bought Goldman Sachs BDC stock in the last two years include Ann B Lane, Goldman Sachs Group Inc, Jaime Ardila and Ross Jay Kari. View Insider Buying and Selling for Goldman Sachs BDC.
How do I buy shares of Goldman Sachs BDC?
Shares of GSBD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Goldman Sachs BDC's stock price today?
One share of GSBD stock can currently be purchased for approximately $22.49.
How big of a company is Goldman Sachs BDC?
Goldman Sachs BDC has a market capitalization of $904.41 million and generates $136.78 million in revenue each year. The financial services provider earns $49.54 million in net income (profit) each year or $2.07 on an earnings per share basis.
What is Goldman Sachs BDC's official website?
How can I contact Goldman Sachs BDC?
Goldman Sachs BDC's mailing address is 200 West Street, New York NY, 10282. The financial services provider can be reached via phone at 212-902-0300.
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 GSBD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GSBD will underperform the S&P 500 over the long term. You may vote once every thirty days.
