SunTrust Banks Weighs in on Goldman Sachs BDC Inc’s Q3 2019 Earnings (GSBD)
Goldman Sachs BDC Inc (NYSE:GSBD) – Stock analysts at SunTrust Banks lifted their Q3 2019 earnings per share estimates for shares of Goldman Sachs BDC in a research report issued to clients and investors on Monday, May 13th. SunTrust Banks analyst M. Hughes now forecasts that the financial services provider will post earnings per share of $0.52 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.
Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, February 28th. The financial services provider reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.06. Goldman Sachs BDC had a net margin of 25.34% and a return on equity of 12.08%. The company had revenue of $35.97 million for the quarter, compared to analyst estimates of $37.23 million.
GSBD stock opened at $20.16 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.78 and a current ratio of 0.78. Goldman Sachs BDC has a 52 week low of $17.73 and a 52 week high of $22.75. The firm has a market cap of $811.55 million, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 10.59 and a beta of 0.93.
The company also recently declared 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. The ex-dividend date is Thursday, June 27th. This represents a $1.80 annualized dividend and a yield of 8.93%. Goldman Sachs BDC’s payout ratio is currently 87.38%.
In other Goldman Sachs BDC news, insider Salvatore Lentini sold 30,809 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.30% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in GSBD. Legal & General Group Plc boosted its position in Goldman Sachs BDC by 2.2% during the 3rd 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 period. Steward Partners Investment Advisory LLC purchased a new stake in shares of Goldman Sachs BDC in the 4th quarter worth about $335,000. Creative Planning lifted its position in shares of Goldman Sachs BDC by 5.7% in the 4th quarter. Creative Planning now owns 10,020 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 536 shares during the period. Regal Investment Advisors LLC lifted its position in shares of Goldman Sachs BDC by 57.6% in the 4th 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 during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Goldman Sachs BDC by 11.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 113,658 shares of the financial services provider’s stock worth $2,089,000 after purchasing an additional 11,276 shares during the period. 34.81% of the stock is owned by institutional investors and hedge funds.
About Goldman Sachs BDC
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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