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Goldman Sachs BDC, Inc. (GSBD): Analysts Provide Important Insight

Goldman Sachs BDC, Inc. (NYSE:GSBD) concluded the trading at $14.93 Friday, February 09 with a rise of 0.47% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $14.86 and 5Y monthly beta was reading 1.18 . Company’s P/E ratio for the trailing 12 months is 10.86. Considering stock’s 52-week price range provides that GSBD hit a high price of $16.52 and saw its price falling to a low level of $12.75 during that period. Over a period of past 1-month, stock came adding 0.61% in its value.

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With its current market valuation of $1.64 billion, Goldman Sachs BDC, Inc. is set to declare its quarterly results on Feb 21, 2024 – Feb 26, 2024. GSBD Stock’s Forward Dividend of 1.80 and its yield of 12.06% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of $0.56 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $2.24 for 2023 with estimates of that growing to $2.16 in next year. These estimates are suggesting current year growth of 6.70% for EPS and -3.60% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $99.27 million. They suggested that in the process company could generate revenue of as low as $70.24 million which could climb up to $118 million to hit a high. The average estimate is representing a decrease of -6.80% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $449.12 million in 2023, which will be 25.60% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review GSBD stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the GSBD stock which is currently positioned at 0. It further provides that stock’s current price level is -0.79% away from its 20-day simple moving average and is -0.33% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 46.10 while volatility remained at 1.05% over the past week which changes to 1.10% when measuring it over the past month. Beta is valued at 1.18, while measure of average true range or ATR is currently at 0.18.

Having a second look at Goldman Sachs BDC, Inc. (NYSE:GSBD) provides that stock’s average daily trading volume for 3 months was 565.85K, while it jumped to 0.51 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 109.53 million.

The percentage of outstanding shares held by the insiders is 0.12% while it is 30.30% for the institutional holders. The figures also indicate that as of Jan 12, 2024, number of stock’s short shares was 1.28 million which implies a short ratio of 1.76. This shows up a 1.16% of Short Interest in company’s outstanding shares on the day. In January the standing of shares short improved as it was 1.22 million in the previous month. Addition of 1.91% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.