Wall Street brokerages forecast that Goldman Sachs BDC, Inc. (NYSE:GSBD) will report $33.21 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Goldman Sachs BDC’s earnings. The highest sales estimate is $35.97 million and the lowest is $31.55 million. Goldman Sachs BDC reported sales of $33.95 million in the same quarter last year, which would suggest a negative year over year growth rate of 2.2%. The firm is scheduled to issue its next earnings report on Thursday, November 2nd.
On average, analysts expect that Goldman Sachs BDC will report full year sales of $33.21 million for the current fiscal year, with estimates ranging from $133.00 million to $140.21 million. For the next financial year, analysts anticipate that the firm will post sales of $148.24 million per share, with estimates ranging from $144.24 million to $151.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Goldman Sachs BDC.
Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.15. The company had revenue of $36 million during the quarter, compared to analyst estimates of $33.66 million. Goldman Sachs BDC had a net margin of 35.73% and a return on equity of 11.54%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share.
Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. National Securities reissued a “neutral” rating and issued a $22.00 price objective on shares of Goldman Sachs BDC in a report on Monday, May 8th. BidaskClub lowered Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. TheStreet lowered Goldman Sachs BDC from a “b-” rating to a “c” rating in a report on Tuesday, June 13th. Finally, Raymond James Financial, Inc. raised Goldman Sachs BDC from a “market perform” rating to an “outperform” rating in a report on Friday, May 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Goldman Sachs BDC has an average rating of “Hold” and an average price target of $22.65.
Goldman Sachs BDC (GSBD) opened at 22.38 on Friday. Goldman Sachs BDC has a 12 month low of $20.00 and a 12 month high of $25.60. The firm’s 50-day moving average is $22.49 and its 200-day moving average is $23.60.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.04%. The ex-dividend date is Thursday, September 28th. Goldman Sachs BDC’s dividend payout ratio is presently 139.54%.
In related news, Director Ann B. Lane acquired 2,240 shares of Goldman Sachs BDC stock in a transaction that occurred on Thursday, June 8th. The shares were purchased at an average price of $22.32 per share, for a total transaction of $49,996.80. Following the completion of the transaction, the director now owns 2,240 shares in the company, valued at approximately $49,996.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.32% of the company’s stock.
A number of large investors have recently bought and sold shares of GSBD. Legal & General Group Plc increased its stake in Goldman Sachs BDC by 6.9% in the first quarter. Legal & General Group Plc now owns 88,175 shares of the financial services provider’s stock worth $2,172,000 after buying an additional 5,700 shares in the last quarter. Homrich & Berg increased its stake in Goldman Sachs BDC by 1.8% in the first quarter. Homrich & Berg now owns 32,454 shares of the financial services provider’s stock worth $800,000 after buying an additional 589 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Goldman Sachs BDC by 2.8% in the first quarter. Stratos Wealth Partners LTD. now owns 257,882 shares of the financial services provider’s stock worth $6,354,000 after buying an additional 7,110 shares in the last quarter. Van ECK Associates Corp increased its stake in Goldman Sachs BDC by 29.1% in the first quarter. Van ECK Associates Corp now owns 227,889 shares of the financial services provider’s stock worth $5,615,000 after buying an additional 51,312 shares in the last quarter. Finally, Muzinich & Co. Inc. increased its stake in Goldman Sachs BDC by 40.4% in the first quarter. Muzinich & Co. Inc. now owns 1,305,997 shares of the financial services provider’s stock worth $32,180,000 after buying an additional 375,879 shares in the last quarter. Institutional investors own 36.73% of the company’s stock.
Goldman Sachs BDC Company Profile
Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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