Goldman Sachs BDCGSBD
GSBD
About: Goldman Sachs BDC Inc is a non-diversified, closed-end management investment company that elected to be regulated as a business development company focused on lending to middle-market companies. The investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including the first lien, unitranche and second lien debt, and unsecured debt. It invests primarily in U.S. middle-market companies such as banks and the public debt markets. The company focuses on the negotiation and structuring of the loans or securities in which it invests and holding the investments in its portfolio to maturity. It generates majority revenue in the form of interest income and dividend income.
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
200% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 18
33% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 57
15% more funds holding
Funds holding: 201 [Q3] → 232 (+31) [Q4]
0.07% more ownership
Funds ownership: 28.23% [Q3] → 28.3% (+0.07%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q3] → 3 (+0) [Q4]
10% less capital invested
Capital invested by funds: $449M [Q3] → $402M (-$46.7M) [Q4]
82% less call options, than puts
Call options by funds: $219K | Put options by funds: $1.2M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$10
6%
downside
Avg. target
$10
6%
downside
High target
$10
6%
downside
1 analyst rating
0 positive
0%
0 neutral
0%
1 negative
100%
Wells Fargo Finian O'Shea 63% 1-year accuracy 38 / 60 met price target | 6%downside $10 | Underweight Maintained | 28 Apr 2025 |
Financial journalist opinion
Based on 4 articles about GSBD published over the past 30 days
Neutral
Seeking Alpha
5 hours ago
Trying To Catch The BDC Bottom With A Pair Trade (Part 4): Goldman Sachs BDC Vs. Oxford Square Capital
BDCs have fallen significantly, presenting a buying opportunity, but caution is advised; hence, we compare GSBD and OXSQ for a pair trade strategy. GSBD trades at an 18.87% discount with a negative three-year z-score of 2.69, while OXSQ trades at a 20% premium with a positive three-year z-score of 0.85. The significant premium/discount spread between GSBD and OXSQ offers a hedging opportunity, suggesting a long position in GSBD and a hedge with OXSQ.
Neutral
CNBC
20 hours ago
Investors turn to emerging market debt after Trump tariffs hit U.S. Treasurys
Emerging market local currency bonds are seeing increasing fund flows as U.S. Treasurys' long-held reputation as a safe haven "This is an effort by investors to diversify away from the U.S. market, particularly local investors," said Mark Mobius, chairman of Mobius Emerging Opportunities Fund.
Neutral
Business Wire
3 weeks ago
Goldman Sachs BDC, Inc. Schedules Earnings Release and Conference Call to Announce First Quarter 2025 Results
NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GS BDC”) (NYSE: GSBD) announced today that it will report its first quarter ended March 31, 2025 financial results after the market closes on Thursday, May 8, 2025. GS BDC will also host an earnings conference call on Friday, May 9, 2025 at 9:00 am Eastern Time to discuss its financial results. All interested parties are invited to participate via telephone or the audio webcast, which will be hosted on the Investor Resources section of GS BDC.
Negative
Seeking Alpha
1 month ago
Worried About BDC Dividends? Consider These 3 For Durable Income
BDC dividend investors, who want to avoid seeing their portfolio current income streams shrink have to be extra careful when picking BDCs. Largely due to unfavorable sector-wide conditions, many BDCs have already cut their dividends (just as I predicted). In my view, there are many more in line.
Positive
Seeking Alpha
1 month ago
Goldman Sachs BDC: Dividend Alignment, But Still A Buy
Goldman Sachs BDC cut its base dividend by 29% due to high non-accruals and decreased net investment income, impacting income-dependent investors. Despite the dividend cut, GSBD remains attractive due to its discount to NAV and potential for performance improvement. GSBD's portfolio is highly collateralized with 97% First Lien investments, but higher non-accruals pose risks to net asset value and income.
Negative
Seeking Alpha
1 month ago
The Moment Of Truth For BDC Dividend Investors Is Close
As a structural BDC bull I have to admit that the period of BDCs consistently surprising us on the upside has come to an end. Many lower quality BDCs have already cut their dividends to sync their cash flows with less favorable private credit lending environment. I would say that the moment of truth for high quality BDCs is also very close, where we will see how really durable their base dividends are.
Neutral
Seeking Alpha
1 month ago
Goldman Sachs BDC: Huge Dividend Yield, Yet Mediocre Overall Choice
Goldman Sachs BDC stock is in a long-term downtrend, trading near all-time lows, signaling fundamental issues despite its high dividend yield. Declining net investment income has led to a significant dividend cut, further diminishing GSBD's attractiveness. The clumsy approach management took in announcing an extra special dividend in order to push higher the total dividend yield does not seem a sustainable strategy.
Negative
Seeking Alpha
1 month ago
Goldman Sachs BDC: Change In Dividend Structure Not A Deal-Changer
Goldman Sachs BDC has revised its dividend policy and fee structure, reducing the regular dividend but adding supplemental dividends to maintain overall payouts. Despite a 29% "cut" in the regular dividend, the BDC will pay supplemental dividends. The BDC's non-accrual percentage has decreased slightly in Q4'24, but the dividend safety margin has been reduced due to underperforming investments.
Negative
Seeking Alpha
1 month ago
Goldman Sachs BDC: Structural Changes Provide Flexibility, But Investors Should Remain Cautious
Goldman Sachs BDC has underperformed despite a favorable interest rate environment, with a 35.26% decline and a recent 29% dividend cut. Structural changes, including a reduced incentive fee and a new dividend policy, offer flexibility but credit quality remains a concern. High non-accruals, declining NAV, and increased PIK income signal potential trouble, warranting caution for dividend investors.
Neutral
Seeking Alpha
2 months ago
Goldman Sachs BDC (GSBD) Q4 2024 Earnings Call Transcript
Goldman Sachs BDC (NYSE:GSBD ) Q4 2024 Earnings Conference Call February 28, 2025 9:00 AM ET Company Participants John Silas - IR Alex Chi - Co-CEO & Co-President David Miller - Co-CEO & Co-President Tucker Greene - COO Stanley Matuszewski - CFO & Treasurer Conference Call Participants Finian O'Shea - Wells Fargo Securities Robert Dodd - Raymond James Mark Hughes - Truist Derek Hewett - Bank of America Securities John Silas Good morning. This is John Silos, a member of the Investor Relations team for Goldman Sachs BDC, Inc. And I would like to welcome everyone to the Goldman Sachs BDC, Inc. Fourth Quarter and Fiscal Year End 2024 Earnings Conference Call.
Charts implemented using Lightweight Charts™