Analysts expect Goldman Sachs BDC, Inc. (NYSE:GSBD) to post $0.48 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Goldman Sachs BDC’s earnings. Goldman Sachs BDC posted earnings of $0.45 per share during the same quarter last year, which suggests a positive year over year growth rate of 6.7%. The business is scheduled to report its next earnings results on Thursday, November 4th.
According to Zacks, analysts expect that Goldman Sachs BDC will report full year earnings of $1.93 per share for the current year, with EPS estimates ranging from $1.92 to $1.94. For the next financial year, analysts anticipate that the business will report earnings of $1.78 per share, with EPS estimates ranging from $1.74 to $1.81. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Goldman Sachs BDC.
Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Thursday, August 5th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. Goldman Sachs BDC had a return on equity of 12.24% and a net margin of 85.41%. The firm had revenue of $83.90 million during the quarter, compared to analyst estimates of $83.61 million.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. TCI Wealth Advisors Inc. raised its stake in shares of Goldman Sachs BDC by 100.0% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 7,866 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 3,933 shares during the period. Burleson & Company LLC purchased a new position in shares of Goldman Sachs BDC in the 1st quarter valued at $114,000. QP Wealth Management LLC raised its stake in shares of Goldman Sachs BDC by 2.2% in the 2nd quarter. QP Wealth Management LLC now owns 184,397 shares of the financial services provider’s stock valued at $3,614,000 after acquiring an additional 3,926 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Goldman Sachs BDC in the 1st quarter valued at $707,000. Finally, Acadian Asset Management LLC raised its stake in shares of Goldman Sachs BDC by 152.2% in the 1st quarter. Acadian Asset Management LLC now owns 28,444 shares of the financial services provider’s stock valued at $550,000 after acquiring an additional 17,165 shares during the period. Hedge funds and other institutional investors own 22.77% of the company’s stock.
Goldman Sachs BDC stock remained flat at $$19.00 during midday trading on Wednesday. The company had a trading volume of 14,254 shares, compared to its average volume of 438,784. The business’s 50 day moving average price is $19.18 and its two-hundred day moving average price is $19.51. Goldman Sachs BDC has a 52 week low of $14.89 and a 52 week high of $20.65. The company has a market cap of $1.93 billion, a PE ratio of 6.60 and a beta of 1.47. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.97.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 27th. Investors of record on Thursday, September 30th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, September 29th. This represents a $1.80 annualized dividend and a yield of 9.47%. Goldman Sachs BDC’s dividend payout ratio is currently 88.24%.
Goldman Sachs BDC Company Profile
Goldman Sachs BDC, Inc invests in middle market companies located in the US. The fund targets companies operating in the fields software, health technology information technology, commercial services and textiles with an investment size of $25 to $75 million and an EBITDA of $5 to $75 million. It provides financing in the form of senior secured debt, unitranche debt, junior secured, mezzanine debt and equity for acquisitions, refinancing, growth, LBOs, dividend recapitalization and restructuring transactions.
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