Zacks: Brokerages Anticipate Goldman Sachs BDC Inc (NYSE:GSBD) Will Announce Quarterly Sales of $38.33 Million

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Equities research analysts expect Goldman Sachs BDC Inc (NYSE:GSBD) to post sales of $38.33 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Goldman Sachs BDC’s earnings, with the lowest sales estimate coming in at $37.40 million and the highest estimate coming in at $39.25 million. Goldman Sachs BDC posted sales of $36.54 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.9%. The business is scheduled to issue its next earnings report on Thursday, May 14th.

According to Zacks, analysts expect that Goldman Sachs BDC will report full-year sales of $190.62 million for the current financial year, with estimates ranging from $162.48 million to $218.77 million. For the next fiscal year, analysts forecast that the business will post sales of $0.00. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Goldman Sachs BDC.

GSBD has been the subject of a number of research analyst reports. TheStreet downgraded shares of Goldman Sachs BDC from a “b-” rating to a “c” rating in a report on Monday, November 25th. ValuEngine upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Finally, Zacks Investment Research upgraded shares of Goldman Sachs BDC from a “strong sell” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Goldman Sachs BDC has a consensus rating of “Buy” and a consensus price target of $21.80.

NYSE GSBD traded down $1.05 during trading hours on Friday, reaching $21.40. 296,707 shares of the company were exchanged, compared to its average volume of 128,894. Goldman Sachs BDC has a 1 year low of $18.71 and a 1 year high of $22.50. The business’s 50 day simple moving average is $21.42 and its 200-day simple moving average is $20.69. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $906.31 million, a P/E ratio of 32.92, a P/E/G ratio of 11.49 and a beta of 0.98.

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC increased its stake in shares of Goldman Sachs BDC by 62.5% in the fourth quarter. Advisory Services Network LLC now owns 1,300 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 500 shares in the last quarter. Signaturefd LLC purchased a new position in Goldman Sachs BDC during the fourth quarter valued at approximately $54,000. Optimum Investment Advisors purchased a new position in Goldman Sachs BDC during the third quarter valued at approximately $78,000. Advisor Group Inc. grew its stake in Goldman Sachs BDC by 25.2% during the fourth quarter. Advisor Group Inc. now owns 4,561 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 919 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new position in Goldman Sachs BDC during the fourth quarter valued at approximately $171,000. Hedge funds and other institutional investors own 35.32% of the company’s stock.

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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