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.
Analyst Ratings Changes
A number of analysts have recently issued reports on GSBD shares. Truist Financial dropped their price objective on shares of Goldman Sachs BDC to $18.00 in a report on Friday, May 20th. TheStreet cut shares of Goldman Sachs BDC from a "b-" rating to a "c" rating in a research report on Thursday, May 19th. StockNews.com upgraded shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research report on Friday, May 20th. Finally, Wells Fargo & Company lifted their target price on shares of Goldman Sachs BDC from $16.50 to $17.00 and gave the stock an "equal weight" rating in a research report on Monday, August 8th.
Goldman Sachs BDC Price Performance
GSBD Stock opened at $18.05 on Monday. The firm's 50-day moving average price is $17.16 and its two-hundred day moving average price is $18.60. Goldman Sachs BDC has a 12-month low of $15.87 and a 12-month high of $20.60. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 13.67 and a beta of 1.20. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.27.
Goldman Sachs BDC Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Friday, September 30th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.97%. The ex-dividend date of this dividend is Thursday, September 29th. Goldman Sachs BDC's payout ratio is 136.36%.