Goldman Sachs BDC Inc. (NYSE:GSBD) was downgraded by analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a report issued on Monday.
A number of other research analysts have also recently commented on GSBD. National Securities restated a “buy” rating and issued a $23.00 price target on shares of Goldman Sachs BDC in a research report on Monday, August 8th. Zacks Investment Research cut Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. 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. cut Goldman Sachs BDC from a “neutral” rating to an “underperform” rating and set a $20.50 price target on the stock. in a research report on Thursday, November 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Goldman Sachs BDC currently has an average rating of “Hold” and an average price target of $22.08.
Goldman Sachs BDC (NYSE:GSBD) traded down 0.09% on Monday, reaching $22.98. 168,326 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $21.91 and its 200 day moving average is $20.90. Goldman Sachs BDC has a 52 week low of $16.66 and a 52 week high of $23.00.
Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, November 3rd. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01. Goldman Sachs BDC had a return on equity of 11.88% and a net margin of 28.66%. The company earned $33.95 million during the quarter, compared to the consensus estimate of $26.37 million. During the same quarter last year, the firm earned $0.57 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. Analysts forecast that Goldman Sachs BDC will post $2.10 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Saturday, December 31st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date of this dividend is Wednesday, December 28th. Goldman Sachs BDC’s dividend payout ratio is presently 181.82%.
In other Goldman Sachs BDC news, Director Jaime Ardila bought 4,683 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were purchased at an average price of $21.52 per share, for a total transaction of $100,778.16. Following the completion of the transaction, the director now directly owns 4,683 shares in the company, valued at approximately $100,778.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GSBD. Starfire Investment Advisers Inc. purchased a new stake in Goldman Sachs BDC during the second quarter valued at $248,000. Creative Planning purchased a new stake in Goldman Sachs BDC during the third quarter valued at $112,000. BB&T Securities LLC purchased a new stake in Goldman Sachs BDC during the third quarter valued at $202,000. 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 valued at $187,000 after buying an additional 5,344 shares during the period. Finally, National Asset Management Inc. purchased a new stake in Goldman Sachs BDC during the second quarter valued at $263,000. Hedge funds and other institutional investors own 33.48% of the company’s stock.
Goldman Sachs BDC Company Profile