Goldman Sachs BDC Inc. (NYSE:GSBD) had its price objective boosted by Citigroup Inc. from $21.00 to $24.00 in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the stock. Citigroup Inc.’s price objective suggests a potential upside of 10.96% from the company’s current price.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Goldman Sachs BDC from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, July 12th. National Securities reissued a “buy” rating and set a $23.00 price target on shares of Goldman Sachs BDC in a report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $22.30.
Goldman Sachs BDC (NYSE:GSBD) opened at 21.63 on Wednesday. Goldman Sachs BDC has a 52 week low of $16.66 and a 52 week high of $22.35. The company has a 50 day moving average price of $21.67 and a 200 day moving average price of $20.33.
Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, August 4th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by $0.01. Goldman Sachs BDC had a return on equity of 12.04% and a net margin of 21.58%. During the same quarter last year, the company posted $0.50 EPS. Equities analysts forecast 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 issued a $0.45 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.80 dividend on an annualized basis and a yield of 8.32%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 243.24%.
A number of hedge funds and other institutional investors have recently modified their holdings of GSBD. Goldman Sachs Group Inc. boosted its position in shares of Goldman Sachs BDC by 7.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,483,653 shares of the company’s stock worth $127,079,000 after buying an additional 432,638 shares during the period. Mckinley Capital Management LLC Delaware boosted its position in shares of Goldman Sachs BDC by 16.8% in the first quarter. Mckinley Capital Management LLC Delaware now owns 94,724 shares of the company’s stock worth $1,857,000 after buying an additional 13,603 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Goldman Sachs BDC by 436.0% in the second quarter. Advisors Asset Management Inc. now owns 29,133 shares of the company’s stock worth $582,000 after buying an additional 23,698 shares during the period. Confluence Investment Management LLC boosted its position in shares of Goldman Sachs BDC by 30.1% in the second quarter. Confluence Investment Management LLC now owns 218,493 shares of the company’s stock worth $4,368,000 after buying an additional 50,514 shares during the period. Finally, Muzinich & Co. Inc. boosted its position in shares of Goldman Sachs BDC by 7.9% in the second quarter. Muzinich & Co. Inc. now owns 435,386 shares of the company’s stock worth $8,703,000 after buying an additional 31,976 shares during the period. 29.96% of the stock is owned by institutional investors.
About Goldman Sachs BDC
Goldman Sachs BDC, Inc, formerly Goldman Sachs Liberty Harbor Capital, LLC, is a closed-end management investment company. The Company is focused on lending to middle-market companies. Its investment objective is to generate current income and capital appreciation through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
Receive News & Ratings for Goldman Sachs BDC Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs BDC Inc. and related companies with MarketBeat.com's FREE daily email newsletter.