Goldman Sachs BDC Inc Expected to Earn Q3 2019 Earnings of $0.52 Per Share (GSBD)

Goldman Sachs BDC Inc (NYSE:GSBD) – Equities researchers at SunTrust Banks increased their Q3 2019 earnings per share (EPS) estimates for shares of Goldman Sachs BDC in a note issued to investors on Monday, May 13th. SunTrust Banks analyst M. Hughes now forecasts that the financial services provider will post earnings of $0.52 per share for the quarter, up from their previous estimate of $0.51. SunTrust Banks also issued estimates for Goldman Sachs BDC’s Q4 2019 earnings at $0.53 EPS and FY2019 earnings at $2.06 EPS.

Other research analysts have also issued research reports about the stock. TheStreet raised shares of Goldman Sachs BDC from a “c+” rating to a “b-” rating in a research report on Thursday, February 21st. National Securities cut their target price on shares of Goldman Sachs BDC from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Zacks Investment Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research report on Friday, May 10th. Wells Fargo & Co reissued a “market perform” rating and set a $20.00 target price (down previously from $20.50) on shares of Goldman Sachs BDC in a research report on Monday. Finally, Citigroup cut their target price on shares of Goldman Sachs BDC from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Goldman Sachs BDC has an average rating of “Hold” and a consensus price target of $22.00.

Goldman Sachs BDC stock opened at $20.14 on Thursday. The firm has a market cap of $809.49 million, a price-to-earnings ratio of 9.78, a PEG ratio of 10.59 and a beta of 0.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.78 and a quick ratio of 0.78. Goldman Sachs BDC has a fifty-two week low of $17.73 and a fifty-two week high of $22.75.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, February 28th. The financial services provider reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.06. The firm had revenue of $35.97 million during the quarter, compared to analyst estimates of $37.23 million. Goldman Sachs BDC had a net margin of 25.34% and a return on equity of 12.08%.

Several institutional investors and hedge funds have recently made changes to their positions in GSBD. Legal & General Group Plc raised its position in shares of Goldman Sachs BDC by 2.2% during the third quarter. Legal & General Group Plc now owns 163,206 shares of the financial services provider’s stock valued at $3,631,000 after buying an additional 3,511 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Goldman Sachs BDC during the fourth quarter valued at about $335,000. Creative Planning raised its position in shares of Goldman Sachs BDC by 5.7% during the fourth quarter. Creative Planning now owns 10,020 shares of the financial services provider’s stock valued at $184,000 after buying an additional 536 shares during the last quarter. Regal Investment Advisors LLC raised its position in shares of Goldman Sachs BDC by 57.6% during the fourth quarter. Regal Investment Advisors LLC now owns 17,650 shares of the financial services provider’s stock valued at $324,000 after buying an additional 6,450 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of Goldman Sachs BDC by 11.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 113,658 shares of the financial services provider’s stock valued at $2,089,000 after buying an additional 11,276 shares during the last quarter. 34.81% of the stock is owned by institutional investors and hedge funds.

In other Goldman Sachs BDC news, insider Salvatore Lentini sold 30,809 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $20.38, for a total transaction of $627,887.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by insiders.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.94%. The ex-dividend date is Thursday, June 27th. Goldman Sachs BDC’s dividend payout ratio is 87.38%.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.

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