Goldman Sachs BDC (NYSE:GSBD) posted its earnings results on Thursday. The financial services provider reported $0.47 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47, Briefing.com reports. The business had revenue of $36.86 million for the quarter, compared to analyst estimates of $39.61 million. Goldman Sachs BDC had a net margin of 24.25% and a return on equity of 12.07%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS.
Goldman Sachs BDC stock opened at $20.29 on Friday. Goldman Sachs BDC has a 12-month low of $17.73 and a 12-month high of $22.16. The company has a market capitalization of $828.99 million, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 10.44 and a beta of 0.99. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.02 and a quick ratio of 1.02. The firm’s fifty day moving average price is $20.22 and its 200 day moving average price is $20.02.
Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Friday, October 4th. ValuEngine raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $21.40.
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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