Goldman Sachs BDC Inc (NASDAQ:GSBD) Receives Average Recommendation of “Hold” from Analysts

Shares of Goldman Sachs BDC Inc (NASDAQ:GSBD) have been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the firm, AnalystRatings.NET reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $22.50.

Shares of Goldman Sachs BDC (NASDAQ:GSBD) traded up 0.42% during midday trading on Monday, reaching $19.08. 11,703 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $19.74 and a 200-day moving average of $21.43. Goldman Sachs BDC has a one year low of $17.15 and a one year high of $25.42.

Goldman Sachs BDC (NASDAQ:GSBD) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.09. The firm had revenue of $32.90 million for the quarter, compared to analysts’ expectations of $28.87 million. The company’s revenue for the quarter was up 72.3% compared to the same quarter last year. Equities analysts expect that Goldman Sachs BDC will post $2.03 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 28th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 29th. This represents a $1.80 annualized dividend and a dividend yield of 9.47%.

In other news, major shareholder Goldman Sachs Group Inc purchased 12,284 shares of the company’s stock in a transaction that occurred on Monday, December 14th. The stock was purchased at an average cost of $19.24 per share, with a total value of $236,344.16. Following the purchase, the insider now owns 5,831,299 shares in the company, valued at $112,194,192.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Several equities research analysts recently issued reports on GSBD shares. started coverage on shares of Goldman Sachs BDC in a report on Tuesday, October 13th. They issued a “buy” rating and a $23.00 target price on the stock. SunTrust upgraded shares of Goldman Sachs BDC from a “neutral” rating to a “buy” rating in a report on Tuesday, November 10th. Zacks Investment Research cut shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Thursday, October 22nd. Finally, Raymond James upgraded shares of Goldman Sachs BDC from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a research report on Friday, September 18th.

12 Month Chart for NASDAQ:GSBD

Goldman Sachs BDC, Inc. is a non-diversified, closed-end management investment company. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation through direct originations of 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. The Company invests primarily in the United States middle-market companies. As of December 31, 2014, its portfolio was invested across 23 different industries. The Company invests in a number of industries, including telecommunication services, electronic equipment, instruments and components, and real estate management and development. Goldman Sachs Asset Management, L.P. (NASDAQ:GSBD) is an investment adviser of the Company, which provides it with investment advisory and management services and certain administrative services.

 

Latest News

Oracle Buying Textura at a Price of $663 Million
Oracle Buying Textura at a Price of $663 Million
AB InBev Offering More Assets of SABMiller in Europe to Win EU Approval
AB InBev Offering More Assets of SABMiller in Europe to Win EU Approval
Verizon Working With Authorities On Sabotage Incidents
Verizon Working With Authorities On Sabotage Incidents
UPS Profit Increases During First Quarter by 10%
UPS Profit Increases During First Quarter by 10%
Consumers Buying Fewer Apple Products, Sales Slump Worldwide
Consumers Buying Fewer Apple Products, Sales Slump Worldwide
Boeing Profit Drops on Lag in Commercial Deliveries
Boeing Profit Drops on Lag in Commercial Deliveries


Leave a Reply

 
© 2006-2017 The Vista Voice. Subscribe