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