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
Industry Investment offices, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Phone212-902-0300
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$146.73 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/2/2019 (Estimated)
OptionableNot Optionable
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 Friday, March 1st. Stockholders of record on Friday, March 29th will be given a dividend of $0.45 per share on Monday, April 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date of this dividend is Thursday, March 28th. 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 data on Thursday, November, 1st. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.51 by $0.03. The financial services provider had revenue of $38 million for the quarter, compared to analyst estimates of $36.84 million. Goldman Sachs BDC had a net margin of 36.58% and a return on equity of 11.46%. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 earnings per share. 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 brokerages have issued 1-year target prices for Goldman Sachs BDC's stock. Their predictions range from $21.75 to $24.00. On average, they expect Goldman Sachs BDC's share price to reach $22.75 in the next year. This suggests a possible upside of 9.2% 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 2 hold ratings, 4 buy ratings and 1 strong buy rating 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. " (3/5/2019)
- 2. National Securities analysts commented, "▪ Goldman earned NII/share of $0.56 for 4Q18, matching our estimate and above the consensus estimate of $0.51. However, the company did not earn an incentive fee for the quarter as NAV slid by 2.6% Q/Q to $17.65 as a result of credit issues.
▪ Non-accruals at cost increased to $129.3mm (including the SCF non-accrual) or 9.1% of the portfolio at cost from $9.3mm or 0.7% of the portfolio at cost in 3Q18. In December, NTS Communications entered into a sales transaction. Goldman agreed to be paid $56mm and this has the potential be increased under certain conditions. With the close of the deal and with cash proceeds received thus far, GSBD would have a 7% IRR on the investment. The deal requires FCC approval and is expected to close during 2Q19.
▪ ASC acquisition was written down from 100.1% of cost to 73.1% Q/Q and placed on non-accrual. During February, Goldman entered into a debt-for-equity swap agreement with the company. Pro-forma for NTS being sold and ASC converted into equity along with Goldman receiving half of Professional Physical Therapy from the SCF, non-accruals at cost would be $14.1mm or 1.0% of the portfolio at cost.
▪ Goldman is bringing its half of the SCF on balance sheet which would have a fair value of $225.9mm. At 12/31/18, the SCF had a weighted average yield at cost of 7.7% compared with 9.5% for the on-balance sheet loans. The SCF itself had a return to GSBD of 11.2% on cost. We think this move will reduce frictional costs and keep economic leverage in-check as balance sheet leverage increases with the reduced asset coverage afforded to the company.
▪ The transaction is expected to close at or near 3/31/19 and pro-forma for this we model first lien investments to comprise 66.4% of the portfolio at fair value compared with 55.1% at 12/31/18. We also expect that this transaction will have greater single-name diversification in the portfolio. The 11.2% yield at cost provided by the SCF will likely reduce earnings and Goldman will likely rotate the SCF assets with a yield by cost of 180 bps lower into on-balance sheet investments. Thus, with increased diversification and reduced economic leverage we think this transaction should improve the Sharpe ratio of GSBD’s portfolio although NII/share will likely decrease, too.
▪ We are revising our 2019 NII/share estimate to $1.91 from $2.09 and are rolling out our 2020 NII/share estimate of $1.90. We are maintaining our BUY rating and lowering our price target to $22 from $23." (3/4/2019)
Has Goldman Sachs BDC been receiving favorable news coverage?
Media stories about GSBD stock have been trending somewhat positive recently, InfoTrie reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Goldman Sachs BDC earned a daily sentiment score of 0.8 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next few days.
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), Gabelli Equity Trust (GAB), Adams Diversified Equity Fund (ADX), PIMCO Corporate&Income Opportunity Fund (PTY), Tri-Continental (TY), Royce Value Trust (RVT), Tortoise Energy Infrastructure (TYG), Hercules Capital (HTGC), Liberty All-Star Equity Fund (USA), PIMCO High Income Fund (PHK), Boulder Growth & Income Fund (BIF), Apollo Investment (AINV), AllianceBernstein Global Hgh Incm Fd (AWF), Solar Capital (SLRC) and Tekla Healthcare Investors (HQH).
What other stocks do shareholders of Goldman Sachs BDC own?
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, Head of Investor Relations
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 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 number of of retail and institutional investors. Top institutional investors include Fort Washington Investment Advisors Inc. OH (0.80%), Confluence Investment Management LLC (0.69%), Van ECK Associates Corp (0.68%), Mckinley Capital Management LLC Delaware (0.46%), Legal & General Group Plc (0.46%) and BlackRock Inc. (0.45%). 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.
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 Montreal Can, Private Advisor Group LLC, Stratos Wealth Partners LTD., Bank of America Corp DE, Raymond James & Associates, Millennium Management LLC, Barnett & Company Inc. and BlackRock Inc.. View Insider Buying and Selling for Goldman Sachs BDC.
Which major investors are buying Goldman Sachs BDC stock?
GSBD stock was bought by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC, Cetera Advisor Networks LLC, Fort Washington Investment Advisors Inc. OH, Greenwich Investment Management Inc., Legal & General Group Plc, Steward Partners Investment Advisory LLC, CIBC Private Wealth Group LLC and Regal Investment Advisors 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 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 $20.84.
How big of a company is Goldman Sachs BDC?
Goldman Sachs BDC has a market capitalization of $839.23 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.
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.
