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
Current SymbolNYSE:GSBD
Previous Symbol
CUSIPN/A
Phone212-902-0300
Debt
Debt-to-Equity Ratio0.79
Current Ratio0.60
Quick Ratio0.60
Price-To-Earnings
Trailing P/E Ratio9.36
Forward P/E Ratio9.79
P/E Growth10.08
Sales & Book Value
Annual Sales$136.78 million
Price / Sales5.70
Cash Flow$1.0660 per share
Price / Cash Flow18.18
Book Value$18.09 per share
Price / Book1.07
Profitability
EPS (Most Recent Fiscal Year)$2.07
Net Income$49.54 million
Net Margins46.38%
Return on Equity10.93%
Return on Assets6.12%
Miscellaneous
EmployeesN/A
Outstanding Shares40,230,000
Market Cap$804.15 million
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 Monday, November 5th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.45 per share on Tuesday, January 15th. This represents a $1.80 annualized dividend and a dividend yield of 9.29%. The ex-dividend date of this dividend is Friday, December 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 earnings results on Thursday, November, 1st. The financial services provider reported $0.54 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.51 by $0.03. The financial services provider earned $38 million during the quarter, compared to analysts' expectations of $36.84 million. Goldman Sachs BDC had a net margin of 46.38% and a return on equity of 10.93%. The company's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 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?
8 Wall Street 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 $22.6250 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price. View Analyst Price Targets for Goldman Sachs BDC.
What is the consensus analysts' recommendation for Goldman Sachs BDC?
8 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, 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. National Securities analysts commented, " For 3Q18, GSBD posted $0.54/share of NII, three cents above our estimate and comfortably above the $0.45/share quarterly dividend. Sales and repayments totaled $111.1 million on the quarter, up from $78.8 million Q/Q and we expect that this increased prepayment activity drove acceleration of unamortized OID and the earnings beat.
Despite more sales and repayments, GSBD originated $189.1 million of loans during the quarter and the portfolio at cost grew to $1.34 billion from $1.26 billion the quarter prior. We expect the portfolio at cost to finish 2019 at $1.46 billion.
Much of the earnings growth came from first lien loans which comprised 46.3% of the portfolio at fair value from 36.2% Q/Q. Goldman is utilizing the reduced asset coverage afforded to them combined with their reduced base fee (to 100 bps from 150 bps) to increase the Sharpe ratio of the portfolio. Management has stated that balance sheet leverage will be determined by the portfolio composition and we thus expect Goldman’s first lien exposure to continue to increase through 2019 along with D/E.
We think NII ROAE will be flat Y/Y in 2019 but think on a risk-adjusted basis this will improve as the ROAE will be attained with a much higher composition of first lien loans.
GSBD’s NAV/share was up 5 cents per share Q/Q to $18.13 and asset quality remains strong with only one company, Kawa Solar, on non-accrual representing 0.7% of the portfolio at cost.
We are revising our 2018 NII/share estimate to $2.06 from $2.00 and our 2019 NII/share estimate to $2.09 from $2.14 and maintaining our BUY rating and $23 price target." (11/5/2018)
- 2. 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. " (10/10/2018)
Has Goldman Sachs BDC been receiving favorable news coverage?
Headlines about GSBD stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Goldman Sachs BDC earned a daily sentiment score of 1.2 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future.
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), Tri-Continental (TY), Gabelli Equity Trust (GAB), Adams Diversified Equity Fund (ADX), PIMCO Corporate&Income Opportunity Fund (PTY), Royce Value Trust (RVT), Tortoise Energy Infrastructure (TYG), Hercules Capital (HTGC), Liberty All-Star Equity Fund (USA), Boulder Growth & Income Fund (BIF), PIMCO High Income Fund (PHK), Apollo Investment (AINV), AllianceBernstein Global Hgh Incm Fd (AWF) and Solar Capital (SLRC).
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 a price of $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 investors include Muzinich & Co. Inc. (1.45%), CIBC World Markets Inc. (1.09%), Fort Washington Investment Advisors Inc. OH (0.71%), Bank of Montreal Can (0.68%), Credit Suisse AG (0.59%) and BlackRock Inc. (0.48%). 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 institutional investors are selling Goldman Sachs BDC stock?
GSBD stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of Montreal Can, Muzinich & Co. Inc., Citadel Advisors LLC, Fort Washington Investment Advisors Inc. OH, Monument Capital Management, Sumitomo Mitsui Asset Management Company LTD and Advisory Research Inc.. View Insider Buying and Selling for Goldman Sachs BDC.
Which institutional investors are buying Goldman Sachs BDC stock?
GSBD stock was purchased by a variety of institutional investors in the last quarter, including Credit Suisse AG, Private Advisor Group LLC, Cliffwater LLC, Kavar Capital Partners LLC, Mackenzie Financial Corp, CIBC World Markets Inc., Mirae Asset Global Investments Co. Ltd. and Texas Yale Capital Corp.. 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 $19.38.
How big of a company is Goldman Sachs BDC?
Goldman Sachs BDC has a market capitalization of $804.15 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.
