Goldman Sachs BDC Inc. (NYSE:GSBD) announced a quarterly dividend on Friday, August 5th. Investors of record on Friday, September 30th will be given a dividend of 0.45 per share on Monday, October 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.29%. The ex-dividend date of this dividend is Wednesday, September 28th.
A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. National Securities restated a “buy” rating and set a $23.00 target price on shares of Goldman Sachs BDC in a research note on Monday, August 8th. Finally, Credit Suisse Group AG cut their target price on shares of Goldman Sachs BDC from $21.00 to $19.50 and set a “neutral” rating on the stock in a research note on Wednesday, June 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $21.88.
Goldman Sachs BDC (NYSE:GSBD) opened at 21.71 on Friday. Goldman Sachs BDC has a one year low of $16.66 and a one year high of $22.35. The company has a 50-day moving average price of $21.30 and a 200-day moving average price of $20.17.
Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.50 earnings per share (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 period last year, the business earned $0.50 earnings per share. On average, equities research analysts predict that Goldman Sachs BDC will post $2.08 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. BlackRock Group LTD raised its stake in shares of Goldman Sachs BDC by 14.6% in the second quarter. BlackRock Group LTD now owns 173,325 shares of the company’s stock worth $3,465,000 after buying an additional 22,050 shares during the last quarter. Raymond James & Associates raised its stake in shares of Goldman Sachs BDC by 45.6% in the second quarter. Raymond James & Associates now owns 22,493 shares of the company’s stock worth $450,000 after buying an additional 7,041 shares during the last quarter. Citigroup Inc. raised its position in Goldman Sachs BDC by 2.0% in the second quarter. Citigroup Inc. now owns 17,820 shares of the company’s stock valued at $356,000 after buying an additional 349 shares in the last quarter. Nuveen Fund Advisors LLC purchased a new position in Goldman Sachs BDC during the second quarter valued at $313,000. Finally, Van ECK Associates Corp raised its position in Goldman Sachs BDC by 11.8% in the second quarter. Van ECK Associates Corp now owns 137,653 shares of the company’s stock valued at $2,752,000 after buying an additional 14,478 shares in the last quarter. 29.96% of the stock is currently owned by hedge funds and other institutional investors.
Goldman Sachs BDC Company Profile
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.
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