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.
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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 Date11/7/2019 (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 Thursday, August 1st. Stockholders of record on Monday, September 30th will be paid a dividend of $0.45 per share on Tuesday, October 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date is Friday, September 27th. View Goldman Sachs BDC's Dividend History.
How were Goldman Sachs BDC's earnings last quarter?
Goldman Sachs BDC Inc (NYSE:GSBD) issued its quarterly earnings results on Thursday, August, 1st. The financial services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.46 by $0.01. The financial services provider earned $38.40 million during the quarter, compared to the consensus estimate of $37.76 million. Goldman Sachs BDC had a return on equity of 12.07% and a net margin of 24.25%. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 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?
5 equities research analysts have issued 12 month price objectives for Goldman Sachs BDC's stock. Their predictions range from $20.00 to $22.00. On average, they expect Goldman Sachs BDC's share price to reach $21.25 in the next twelve months. This suggests a possible upside of 2.7% from the stock's current price. View Analyst Price Targets for Goldman Sachs BDC.
What is the consensus analysts' recommendation for Goldman Sachs BDC?
5 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 3 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. " (8/27/2019)
- 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?
Headlines about GSBD stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by analyzing 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 positive five, with scores nearest to five being the most favorable. Goldman Sachs BDC earned a news sentiment score of -1.3 on InfoTrie's scale. They also gave news articles about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely 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 increase in short interest in August. As of August 31st, there was short interest totalling 373,100 shares, an increase of 15.5% from the July 31st total of 322,900 shares. Based on an average trading volume of 127,200 shares, the days-to-cover ratio is presently 2.9 days. Approximately 0.9% of the company's shares are short sold. 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), Royce Value Trust (RVT), Liberty All-Star Equity Fund (USA), Boulder Growth & Income Fund (BIF), Tortoise Energy Infrastructure (TYG), Apollo Investment (AINV), AllianceBernstein Global Hgh Incm Fd (AWF), 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?
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 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 UBS Group AG (1.70%), Manchester Financial Inc. (1.56%), Van ECK Associates Corp (0.79%), Confluence Investment Management LLC (0.57%), Private Advisor Group LLC (0.53%) and BlackRock Inc. (0.45%). Company insiders that own Goldman Sachs BDC stock include Goldman Sachs Group Inc, Jaime Ardila 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 Texas Yale Capital Corp., CIBC Private Wealth Group LLC, Invesco Ltd., Confluence Investment Management LLC, Cetera Advisor Networks LLC, UBS Group AG, Manchester Financial Inc. and Mckinley Capital Management LLC Delaware. View Insider Buying and Selling for Goldman Sachs BDC.
Which major investors are buying Goldman Sachs BDC stock?
GSBD stock was acquired by a variety of institutional investors in the last quarter, including Virtus ETF Advisers LLC, Private Advisor Group LLC, Jag Capital Management LLC, Cliffwater LLC, Susquehanna International Group LLP, Van ECK Associates Corp, Greenwich Investment Management Inc. and Quadrant Private Wealth Management LLC. Company insiders that have bought Goldman Sachs BDC stock in the last two years include Goldman Sachs Group Inc and Jaime Ardila. 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 $20.70.
How big of a company is Goldman Sachs BDC?
Goldman Sachs BDC has a market capitalization of $835.04 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?
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.
