Goldman Sachs BDC Inc. (NYSE:GSBD) had its price objective increased by Citigroup Inc. from $21.00 to $24.00 in a research note issued to investors on Wednesday morning. The firm currently has a buy rating on the stock.
Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Goldman Sachs BDC from a hold rating to a sell rating in a research report on Tuesday, August 9th. National Securities restated a buy rating and set a $23.00 price objective on shares of Goldman Sachs BDC in a research report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $22.30.
Shares of Goldman Sachs BDC (NYSE:GSBD) traded down 0.069% during trading on Wednesday, reaching $21.725. 46,769 shares of the company’s stock were exchanged. Goldman Sachs BDC has a 12-month low of $16.66 and a 12-month high of $22.35. The company has a 50 day moving average of $21.64 and a 200 day moving average of $20.32.
Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by $0.01. Goldman Sachs BDC had a net margin of 21.58% and a return on equity of 12.04%. During the same quarter last year, the company earned $0.50 EPS. Equities analysts anticipate that Goldman Sachs BDC will post $2.09 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.28%. Goldman Sachs BDC’s payout ratio is presently 243.24%.
Several hedge funds have recently bought and sold shares of GSBD. PineBridge Investments L.P. boosted its stake in Goldman Sachs BDC by 133.9% in the second quarter. PineBridge Investments L.P. now owns 9,334 shares of the company’s stock worth $187,000 after buying an additional 5,344 shares during the last quarter. Starfire Investment Advisers Inc. bought a new stake in Goldman Sachs BDC during the second quarter worth $248,000. National Asset Management Inc. bought a new stake in Goldman Sachs BDC during the second quarter worth $263,000. Nuveen Fund Advisors LLC bought a new stake in Goldman Sachs BDC during the second quarter worth $313,000. Finally, Citigroup Inc. boosted its stake in Goldman Sachs BDC by 2.0% in the second quarter. Citigroup Inc. now owns 17,820 shares of the company’s stock worth $356,000 after buying an additional 349 shares during the last quarter. 29.96% of the stock is currently owned by hedge funds and other institutional investors.
Goldman Sachs BDC Company Profile