NYSE:GSBD - Goldman Sachs BDC Stock Price, Forecast & News

$21.27

+0.05 (+0.24 %)

(As of 01/17/2020 04:00 PM ET)

Add

Compare

Today's Range

$21.19

Now: $21.27▼

$21.30

50-Day Range

$20.67

MA: $21.36▼

$22.30

52-Week Range

$18.71

Now: $21.27▼

$22.47

Volume120,140 shs

Average Volume132,712 shs

Market Capitalization$858.61 million

P/E Ratio10.33

Dividend Yield8.48%

Beta0.98

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. Read More…

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Investment offices, not elsewhere classified

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:GSBD

Previous Symbol

CUSIPN/A

CIK1572694

Webhttp://www.goldmansachsbdc.com/

Phone212-902-0300

Debt

Debt-to-Equity Ratio1.06

Current Ratio0.57

Quick Ratio0.57

Price-To-Earnings

Trailing P/E Ratio10.33

Forward P/E Ratio10.74

P/E Growth11.51

Sales & Book Value

Annual Sales$146.73 million

Price / Sales5.85

Cash Flow$2.06 per share

Price / Cash Flow10.31

Book Value$17.65 per share

Price / Book1.21

Profitability

EPS (Most Recent Fiscal Year)$2.06

Net Income$53.68 million

Net Margins17.59%

Return on Equity11.89%

Return on Assets5.66%

Miscellaneous

EmployeesN/A

Outstanding Shares40,367,000

Market Cap$858.61 million

Next Earnings Date2/27/2020 (Estimated)

OptionableNot Optionable

Receive GSBD News and Ratings via Email

Sign-up to receive the latest news and ratings for GSBD and its competitors with MarketBeat's FREE daily newsletter.

5G Flaw Exposed: $5 Stock Holds Key To $12 Trillion Opportunity (Ad)

A devastating technical glitch could crush the next generation of wireless technology before it even launches. With trillions of dollars and millions of jobs at stake, one company with the "5G fix" could put as much as $234,770 in your pocket this year. But Wall Street vultures are circling... you'll need to move quickly or risk missing this $5 bargain.

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 announced a quarterly dividend on Thursday, November 7th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.45 per share on Wednesday, January 15th. This represents a $1.80 dividend on an annualized basis and a yield of 8.46%. The ex-dividend date of this dividend is Monday, December 30th. View Goldman Sachs BDC's Dividend History.

How were Goldman Sachs BDC's earnings last quarter?

Goldman Sachs BDC Inc (NYSE:GSBD) released its quarterly earnings results on Thursday, November, 7th. The financial services provider reported $0.47 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.47. The financial services provider had revenue of $36.86 million for the quarter, compared to analyst estimates of $39.61 million. Goldman Sachs BDC had a return on equity of 11.89% and a net margin of 17.59%. Goldman Sachs BDC's revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. View Goldman Sachs BDC's Earnings History.

When is Goldman Sachs BDC's next earnings date?

Goldman Sachs BDC is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for Goldman Sachs BDC.

What price target have analysts set for GSBD?

4 brokerages have issued 12-month price targets for Goldman Sachs BDC's stock. Their forecasts range from $20.00 to $22.00. On average, they expect Goldman Sachs BDC's stock price to reach $21.25 in the next year. This suggests that the stock has a possible downside of 0.1%. View Analyst Price Targets for Goldman Sachs BDC.

What is the consensus analysts' recommendation for Goldman Sachs BDC?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Goldman Sachs BDC in the last year. There are currently 2 hold ratings and 2 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. " (11/12/2019)
2. National Securities analysts commented, "▪ GSBD posted NII/share of $0.55 for 1Q19, ahead of our estimate of $0.50. The company earned a $493K incentive fee for the quarter as NAV/share slipped to $17.25 from $17.65 Q/Q.
▪ Goldman had a $24.7mm realized loss on the quarter, driven by the restructuring of former non-accrual ASC. At 12/31/18, ASC had $14.5mm of unrealized depreciation. Non-accruals at cost decreased to $76.2mm or 5.2% of the portfolio from $129.3mm or 9.1% of the portfolio Q/Q. The largest non-accrual with a cost of $56.0mm, NTS Communications, is slated to be sold pending approval from the FCC. We are unsure of what the timing will ultimately be, but Goldman is confident from conversations with the FCC that they have no reason to deny the sale of the firm.
▪ In May, Goldman and Cal Regents each contributed capital to the SCF in order repay the credit facility and buy out their pro rata portions of the assets. At 3/31/19, Goldman’s share of the assets at fair value stood at $221.8mm.
▪ The SCF is 98.8% first lien with a yield at cost of 7.6% compared with the on-balance sheet portfolio yield of 9.3%. While this is not a game changer by any means, we think it was smart for Goldman to appropriately manage their economic leverage now that they have reduced asset coverage and can also get rid of frictional costs of the JV. We think the company will use repayments of SCF assets to fund higher yielding loans, although the SCF loans have a median EBITDA of $48.8mm and likely can’t be actively sold with ease.
▪ With pricing more favorable, we expect Goldman to tap the unsecured debt market in 3Q19 with $200m of five-year notes priced at 5.25%. We expect the proceeds to pay-down the revolver balance, which was likely increased Q/Q for 2Q19 to fund the purchase of SCF assets.
▪ We are revising our 2019 NII/share estimate to $1.97 from $1.91 and our 2020 NII/share estimate to $1.92 from $1.90. We are maintaining our BUY rating and $22 price target." (5/13/2019)

Has Goldman Sachs BDC been receiving favorable news coverage?

News stories about GSBD stock have been trending extremely negative this week, according to InfoTrie. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Goldman Sachs BDC earned a media sentiment score of -5.0 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Goldman Sachs BDC.

Are investors shorting Goldman Sachs BDC?

Goldman Sachs BDC saw a decline in short interest in December. As of December 13th, there was short interest totalling 343,300 shares, a decline of 17.4% from the November 28th total of 415,400 shares. Based on an average daily trading volume, of 135,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.9% of the company's stock are sold short. View Goldman Sachs BDC's Current Options Chain.

Who are some of Goldman Sachs BDC's key competitors?

Some companies that are related to Goldman Sachs BDC include Nuveen Municipal Value Fund (NUV), Adams Diversified Equity Fund (ADX), PIMCO Corporate&Income Opportunity Fund (PTY), Gabelli Equity Trust (GAB), Tri-Continental (TY), Hercules Capital (HTGC), Liberty All-Star Equity Fund (USA), Royce Value Trust (RVT), Boulder Growth & Income Fund (BIF), Apollo Investment (AINV), AllianceBernstein Global Hgh Incm Fd (AWF), Tortoise Energy Infrastructure (TYG), PIMCO High Income Fund (PHK), General American Investors (GAM) and Blackrock Muniyield Insured Fund (MYI).

What other stocks do shareholders of Goldman Sachs BDC own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Goldman Sachs BDC investors own include New Residential Investment (NRZ), Ares Capital (ARCC), Macquarie Infrastructure (MIC), Main Street Capital (MAIN), AGNC Investment (AGNC), Energy Transfer LP Unit (ET), ANNALY CAP MGMT/SH (NLY), AT&T (T), AbbVie (ABBV) and Omega Healthcare Investors (OHI).

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 48)
Mr. Jonathan Lamm, Treasurer & CFO (Age 44)
Mr. Jon Yoder, Chief Operating Officer (Age 45)
Mr. David Yu, Head of Research and Exec. VP (Age 37)
Ms. Katherine Schneider, VP Investor Relations

When did Goldman Sachs BDC IPO?

(GSBD) raised $123 million in an initial public offering on Wednesday, March 18th 2015. The company issued 6,000,000 shares at a price of $20.00-$21.00 per share. BofA Merrill Lynch, Goldman Sachs, Morgan Stanley, Citigroup, Credit Suisse and Wells Fargo Securities served 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 variety of of institutional and retail investors. Top institutional shareholders include Manchester Financial Inc. (1.46%), Steward Partners Investment Advisory LLC (0.27%), Monument Capital Management (0.14%), Wedbush Securities Inc. (0.03%) and Advisors Capital Management LLC (0.02%). Company insiders that own Goldman Sachs BDC stock include Goldman Sachs Group Inc and Salvatore Lentini. View Institutional Ownership Trends for Goldman Sachs BDC.

Which institutional investors are selling Goldman Sachs BDC stock?

GSBD stock was sold by a variety of institutional investors in the last quarter, including Manchester Financial Inc. and Monument Capital Management. View Insider Buying and Selling for Goldman Sachs BDC.

Which institutional investors are buying Goldman Sachs BDC stock?

GSBD stock was acquired by a variety of institutional investors in the last quarter, including Steward Partners Investment Advisory LLC, Wedbush Securities Inc. and Advisors Capital Management LLC. 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, Robinhood, Fidelity and Charles Schwab.

What is Goldman Sachs BDC's stock price today?

One share of GSBD stock can currently be purchased for approximately $21.27.

How big of a company is Goldman Sachs BDC?

Goldman Sachs BDC has a market capitalization of $858.61 million and generates $146.73 million in revenue each year. The financial services provider earns $53.68 million in net income (profit) each year or $2.06 on an earnings per share basis. View Additional Information About Goldman Sachs BDC.

What is Goldman Sachs BDC's official website?

The official website for Goldman Sachs BDC is http://www.goldmansachsbdc.com/.

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)

Community Ranking:		2.2 out of 5 ( )
Outperform Votes:		247 (Vote Outperform)
Underperform Votes:		322 (Vote Underperform)
Total Votes:		569

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.

This page was last updated on 1/18/2020 by MarketBeat.com Staff

Featured Article: Compound Annual Growth Rate (CAGR)

Your Ultimate Investing Toolkit

Just $1.00 for your first month.