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
Phone1-212-902-0328
Debt
Debt-to-Equity Ratio0.72
Current Ratio0.89
Quick Ratio0.89
Price-To-Earnings
Trailing P/E Ratio10.46
Forward P/E Ratio11.05
P/E Growth2.21
Sales & Book Value
Annual Sales$136.78 million
Price / Sales6.36
Cash Flow$1.0995 per share
Price / Cash19.70
Book Value$18.09 per share
Price / Book1.20
Profitability
EPS (Most Recent Fiscal Year)$2.07
Net Income$49.54 million
Net Margins38.13%
Return on Equity11.09%
Return on Assets6.51%
Miscellaneous
EmployeesN/A
Outstanding Shares40,170,000
Market Cap$870.19
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 Friday, May 4th. Investors of record on Friday, June 29th will be paid a dividend of $0.45 per share on Monday, July 16th. This represents a $1.80 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date is Thursday, June 28th. View Goldman Sachs BDC's Dividend History.
How were Goldman Sachs BDC's earnings last quarter?
Goldman Sachs BDC Inc (NYSE:GSBD) posted its quarterly earnings results on Thursday, May, 3rd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The financial services provider earned $35.54 million during the quarter, compared to analyst estimates of $36.19 million. Goldman Sachs BDC had a net margin of 38.13% and a return on equity of 11.09%. The business's revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 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?
6 equities research analysts have issued 1-year price objectives for Goldman Sachs BDC's shares. Their forecasts range from $20.00 to $24.00. On average, they anticipate Goldman Sachs BDC's share price to reach $22.75 in the next twelve months. This suggests a possible upside of 5.0% from the stock's current price. View Analyst Ratings for Goldman Sachs BDC.
What is the consensus analysts' recommendation for Goldman Sachs BDC?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Goldman Sachs BDC in the last year. There are currently 1 sell rating, 1 hold rating, 2 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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. " (7/11/2018)
- 2. National Securities analysts commented, "• GSBD posted NII/share of $0.47 for 1Q18, a penny shy of our estimate but 2 cents above the quarterly dividend.
• Goldman is going to seek shareholder approval for the leverage increase at its stockholder meeting next month. If shareholders approve of the leverage increase, GSBD’s base fee would be cut to 100 bps from 150 bps immediately.
• The company is putting shareholders first and deserves to be commended for it. At peers increasing leverage without lowering base fees, the earnings impact, assuming similar ROE targets, is negligible. However, Goldman is doing the right thing and cutting base fees, which would permit shareholders to receive far more of a benefit from the increase in leverage.
• While the fee cut would be immediate, GSBD would likely still be under 1.00x D/E through at least 2019, making the benefit to shareholders immediate and not entirely reliant upon the company leveraging up.
• We expect the company to increase first lien and unitranche exposure and reduce second lien exposure as balance sheet leverage ramps. Even under the assumptions of relatively flat effective yields, the company stands to improve NII/share substantially given the base fee reduction and materially higher ROE.
• We are revising our 2018 NII/share estimate to $1.97 from $1.91 and our 2019 NII/share estimate to $2.16 from $1.95. We are upgrading shares to BUY from NEUTRAL and increasing our price target to $23 from $22 as a result of the shareholder friendly actions by Goldman and the likely significant increases in NII/share and ROE. " (5/7/2018)
Who are some of Goldman Sachs BDC's key competitors?
Some companies that are related to Goldman Sachs BDC include DNP Select Income Fund Inc. Common Stock (DNP), Nuveen Municipal Value Fund (NUV), Adams Diversified Equity Fund (ADX), Gabelli Equity Trust (GAB), Tri-Continental (TY), Tortoise Energy Infrastructure (TYG), PIMCO Corporate&Income Opportunity Fund (PTY), Royce Value Trust (RVT), Liberty All-Star Equity Fund (USA), Hercules Capital (HTGC), Apollo Investment (AINV), Boulder Growth & Income Fund Inc common stock (BIF), 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 served as the underwriters for the IPO and Raymond James and SunTrust Robinson Humphrey were co-managers.
Has Goldman Sachs BDC been receiving favorable news coverage?
News articles about GSBD stock have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Goldman Sachs BDC earned a media sentiment score of 0.19 on Accern's scale. They also gave media stories about the financial services provider an impact score of 45.16 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are Goldman Sachs BDC's major shareholders?
Goldman Sachs BDC's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Mckinley Capital Management LLC Delaware (0.45%), Monument Capital Management (0.13%) and Stelac Advisory Services LLC (0.01%). Company insiders that own Goldman Sachs BDC stock include Ann B Lane, Jaime Ardila and Ross Jay Kari. View Institutional Ownership Trends for Goldman Sachs BDC.
Which institutional investors are selling Goldman Sachs BDC stock?
Which institutional investors are buying Goldman Sachs BDC stock?
GSBD stock was purchased by a variety of institutional investors in the last quarter, including Mckinley Capital Management LLC Delaware and Stelac Advisory Services LLC. Company insiders that have bought Goldman Sachs BDC stock in the last two years include Ann B Lane, 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 $21.66.
How big of a company is Goldman Sachs BDC?
Goldman Sachs BDC has a market capitalization of $870.19 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.
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 1-212-902-0328.
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.
