Goldman Sachs BDC, Inc. (GSBD)
Market Cap | 1.51B |
Revenue (ttm) | 445.94M |
Net Income (ttm) | 75.87M |
Shares Out | 117.30M |
EPS (ttm) | 0.67 |
PE Ratio | 19.11 |
Forward PE | 7.10 |
Dividend | $1.80 (14.00%) |
Ex-Dividend Date | Sep 30, 2024 |
Volume | 696,524 |
Open | 12.84 |
Previous Close | 12.85 |
Day's Range | 12.73 - 12.88 |
52-Week Range | 12.67 - 15.94 |
Beta | 1.12 |
Analysts | Hold |
Price Target | 13.67 (+6.3%) |
Earnings Date | Nov 7, 2024 |
About GSBD
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. The fund primarily invests in United States. It seeks to invest between $10 million and $75 million in companies with EBITDA... [Read more]
Financial Performance
In 2023, Goldman Sachs BDC's revenue was $454.91 million, an increase of 27.27% compared to the previous year's $357.45 million. Earnings were $195.87 million, an increase of 256.12%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for GSBD stock is "Hold." The 12-month stock price forecast is $13.67, which is an increase of 6.30% from the latest price.
News
Investing In BDCs For 10%+ Yields? This Is What Matters Now
When investing for 10%+ BDC yields, investors have to pay extra attention to leverage, dividend coverage, and portfolio quality. Going into Q3, 2024 earnings season, my expectation was that we would s...
Goldman Sachs BDC: Important Improvements But Headwinds Warrant Caution (Rating Downgrade)
Despite attractive 13.9% yield, Goldman Sachs BDC faces credit quality concerns, declining NAV, and top/bottom line erosion, leading me to downgrade them from a buy to a hold. Payment-in-kind income a...
BDC Weekly Review: Tax-Loss Season Is Approaching
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs saw a 2% aggregate return on the week; TPV...
Goldman Sachs BDC: Is This 14% BDC Yield Risky?
Goldman Sachs BDC offers a high 14% yield and trades at a 4% discount to NAV, making it an attractive buy. The BDC's dividend is well-covered by net investment income, with a 78% payout ratio in 3Q24,...
Goldman Sachs BDC (GSBD) Q3 2024 Earnings Call Transcript
Goldman Sachs BDC (NYSE:GSBD) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants Austin Neri - Investor Relations Alex Chi - Co-Chief Executive Officer and Co-President...
Goldman Sachs BDC, Inc. Reports September 30, 2024 Financial Results and Announces Quarterly Dividend of $0.45 Per Share
NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GSBD”, the “Company”, “we”, “us”, or “our”) (NYSE: GSBD) today reported financial results for the third quarter ended September 30, 2024 and filed ...
Goldman Sachs BDC: Payments-In-Kind And Portfolio Quality Are A Concern (Rating Downgrade)
GSBD's dividend yield is highly attractive at around 13%, but rising non-accruals and portfolio quality deterioration make it a hold rather than a buy. Despite strong NII coverage of the dividend, the...
Goldman Sachs BDC: Rising Concerns, But I'm Confident Dividend Remains Secure
Goldman Sachs BDC faces credit quality issues but maintains strong fundamentals, including a solid balance sheet and high dividend coverage, making it a buy. Despite a recent share price decline and r...
Goldman Sachs BDC: Strong Dividend Coverage But Some Portfolio Concerns
Goldman Sachs BDC has experienced a price drop due to rising non-accrual rates. However, it now trades at an attractive discount to NAV, presenting a buying opportunity. GSBD's portfolio is diversifie...
Goldman Sachs BDC, Inc. Schedules Earnings Release and Conference Call to Announce Third Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GS BDC”) (NYSE: GSBD) announced today that it will report its third quarter ended September 30, 2024 financial results after the market closes on T...
5 Small Caps Yielding 9%-15%: Hidden Values Or Overlooked Trash?
The index huggers are, rightfully, fretting about the only position they own, the S&P 500, which is heavy on Nvidia (NVDA). The soon-to-be-fallen angel is the third largest component of the index at 6...
3 Lessons Learned From Struggling BDCs After Q2 Earnings
The BDC sector faces headwinds such as spread compression, potential Fed rate cuts, and increased corporate distress. Despite these challenges, BDC market indices like VanEck BDC Income ETF and Putnam...
Goldman Sachs BDC: Risks Are Growing (Rating Downgrade)
Goldman Sachs BDC's Q2'24 results showed a sharp increase in non-accrual percentage. Despite solid dividend coverage of 1.31x in Q2, growing non-performing loan risks and potential Federal Reserve rat...
Goldman Sachs BDC: Time To Buy The Crash, Lock In A 13% Yield
Goldman Sachs BDC stock price dropped, now at an 8% discount to book value. Factors for decline include U.S. recession concerns and increase in non-accruals and investment losses. Despite credit quali...
Goldman Sachs BDC (GSBD) Q2 2024 Earnings Call Transcript
Goldman Sachs BDC (NYSE:GSBD) Q2 2024 Earnings Conference Call August 9, 2024 9:00 AM ET Company Participants Austin Neri – IR Alex Chi – Co-CEO and Co-President David Miller – Co-CEO and Co-Presiden...
Goldman Sachs BDC, Inc. Reports June 30, 2024 Financial Results and Announces Quarterly Dividend of $0.45 Per Share
NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GSBD”, the “Company”, “we”, “us”, or “our”) (NYSE: GSBD) today reported financial results for the second quarter ended June 30, 2024 and filed its ...
Goldman Sachs BDC: Decreasing Non-Accruals And Increased Investment Activity (Upgrade)
Goldman Sachs BDC maintains a high distribution rate of 11.9%. The dividend has never been cut, which makes this a reliable income investment. Portfolio consists of 149 companies, the majority on firs...
3 Above-10% Yielding BDCs To Play The Private Credit Boom
Private credit funds and business development corporations often offer 10% yields. Some of these funds are locked up for long periods, causing liquidity problems. Listed BDCs are not. Wall Street is w...
Goldman Sachs BDC, Inc. Schedules Earnings Release and Conference Call to Announce Second Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GS BDC”) (NYSE: GSBD) announced today that it will report its second quarter ended June 30, 2024 financial results after the market closes on Thurs...
Goldman Sachs BDC: Improvements, But Key Risks Remain
Goldman Sachs BDC: Improvements, But Key Risks Remain
Goldman Sachs BDC: This 12% Yield Is Still A Buy For Income Seekers
Goldman Sachs BDC has reported strong earnings, with double-digit growth in net investment income and increased originations year-over-year. The company's first-lien exposure is higher than its peers ...
Goldman Sachs BDC: Lock In A High-Quality 12% Yield On The Drop
Goldman Sachs BDC's share price appears to have stabilized after a sell-off in May, making it an attractive investment for dividend investors. The company's first lien strategy, variable rate exposure...
Clean Energy Ventures raises $305 million to back early-stage climate startups
Climate-focused venture capital firm Clean Energy Ventures said Wednesday it raised $305 million for its second fund. The fund was oversubscribed amid investor appetite for emissions-reducing technolo...
Goldman Sachs BDC: 12% Yield And Re-Rating Potential (Rating Upgrade)
Goldman Sachs BDC has seen a surge in new investment commitments in Q1, leading to higher net investment income. The company comfortably covered its dividend payout and maintained a strong portfolio p...