Today, Goldman Sachs BDC Inc. (GSBD) Lowered by Goldman Sachs Group Inc. to Neutral

Today, Goldman Sachs BDC Inc. (GSBD) Lowered by Goldman Sachs Group Inc. to Neutral

Goldman Sachs BDC Inc. (NYSE:GSBD) was downgraded by equities research analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday.

GSBD has been the subject of several other reports. Zacks Investment Research upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating and set a $25.00 price target for the company in a research report on Tuesday, November 8th. National Securities lowered Goldman Sachs BDC from a “buy” rating to a “neutral” rating and set a $23.00 price target for the company. in a research report on Monday. Citigroup Inc. raised their price target on Goldman Sachs BDC from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, October 5th. Finally, Bank of America Corp. lowered Goldman Sachs BDC from a “neutral” rating to an “underperform” rating and set a $20.50 price target for the company. in a research report on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Goldman Sachs BDC has an average rating of “Hold” and a consensus price target of $22.08.

Shares of Goldman Sachs BDC (NYSE:GSBD) traded down 0.09% on Monday, reaching $22.98. The company had a trading volume of 168,326 shares. Goldman Sachs BDC has a 12 month low of $16.66 and a 12 month high of $23.00. The firm’s 50 day moving average is $21.91 and its 200 day moving average is $20.90.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The company earned $33.95 million during the quarter, compared to analyst estimates of $26.37 million. Goldman Sachs BDC had a return on equity of 11.88% and a net margin of 28.66%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 earnings per share. On average, equities research analysts predict that Goldman Sachs BDC will post $2.10 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Saturday, December 31st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.83%. The ex-dividend date of this dividend is Wednesday, December 28th. Goldman Sachs BDC’s payout ratio is currently 181.82%.

In related news, Director Jaime Ardila acquired 4,683 shares of Goldman Sachs BDC stock in a transaction dated Monday, November 7th. The shares were acquired at an average cost of $21.52 per share, for a total transaction of $100,778.16. Following the completion of the purchase, the director now owns 4,683 shares in the company, valued at $100,778.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Creative Planning acquired a new stake in Goldman Sachs BDC during the third quarter worth $112,000. 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 in the last quarter. BB&T Securities LLC acquired a new stake in Goldman Sachs BDC during the third quarter worth $202,000. Starfire Investment Advisers Inc. acquired a new stake in Goldman Sachs BDC during the second quarter worth $248,000. Finally, National Asset Management Inc. acquired a new stake in Goldman Sachs BDC during the second quarter worth $263,000. Institutional investors and hedge funds own 33.48% of the company’s stock.

Goldman Sachs BDC Company Profile

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