SunTrust Banks Weighs in on Goldman Sachs BDC Inc’s Q2 2019 Earnings (GSBD)

Goldman Sachs BDC Inc (NYSE:GSBD) – Analysts at SunTrust Banks dropped their Q2 2019 EPS estimates for shares of Goldman Sachs BDC in a report released on Monday, May 13th. SunTrust Banks analyst M. Hughes now expects that the financial services provider will post earnings of $0.45 per share for the quarter, down from their prior estimate of $0.50. SunTrust Banks also issued estimates for Goldman Sachs BDC’s Q2 2020 earnings at $0.53 EPS, Q3 2020 earnings at $0.53 EPS, Q4 2020 earnings at $0.53 EPS and FY2020 earnings at $2.12 EPS.

A number of other equities research analysts also recently issued reports on GSBD. Wells Fargo & Co restated a “buy” rating on shares of Goldman Sachs BDC in a research report on Wednesday, January 16th. TheStreet upgraded Goldman Sachs BDC from a “c+” rating to a “b-” rating in a research report on Thursday, February 21st. National Securities decreased their price objective on Goldman Sachs BDC from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Raymond James decreased their price objective on Goldman Sachs BDC from $24.00 to $23.00 and set a “strong-buy” rating on the stock in a research report on Monday, March 4th. Finally, Zacks Investment Research cut Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.00.

Shares of GSBD stock opened at $20.11 on Wednesday. Goldman Sachs BDC has a 1 year low of $17.73 and a 1 year high of $22.75. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.01. The company has a market cap of $811.55 million, a price-to-earnings ratio of 9.76, a P/E/G ratio of 10.59 and a beta of 0.93.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data on Thursday, February 28th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. Goldman Sachs BDC had a return on equity of 12.08% and a net margin of 25.34%. The business had revenue of $35.97 million for the quarter, compared to the consensus estimate of $37.23 million.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of Goldman Sachs BDC by 31.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,943 shares of the financial services provider’s stock valued at $91,000 after buying an additional 1,173 shares during the last quarter. Regal Investment Advisors LLC grew its stake in Goldman Sachs BDC by 57.6% in the fourth quarter. Regal Investment Advisors LLC now owns 17,650 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 6,450 shares in the last quarter. Legal & General Group Plc grew its stake in Goldman Sachs BDC by 2.2% in the third quarter. Legal & General Group Plc now owns 163,206 shares of the financial services provider’s stock worth $3,631,000 after purchasing an additional 3,511 shares in the last quarter. Mckinley Capital Management LLC Delaware grew its stake in Goldman Sachs BDC by 3.3% in the fourth quarter. Mckinley Capital Management LLC Delaware now owns 185,639 shares of the financial services provider’s stock worth $3,412,000 after purchasing an additional 5,975 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in Goldman Sachs BDC by 12.1% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 321,983 shares of the financial services provider’s stock worth $5,918,000 after purchasing an additional 34,661 shares in the last quarter. 34.81% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Salvatore Lentini sold 30,809 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $20.38, for a total transaction of $627,887.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.95%. 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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