Goldman Sachs BDC
GSBD
Market cap $1.24B

10.59 USD

-0.81

7.11%

At close Apr 4, 4:00 PM EDT

After hours

10.59

+0.00

0.00%

1 day

-7.11%

5 days

-9.49%

1 month

-15.82%

3 months

-12.91%

6 months

-22.81%

Year to date

-13.13%

1 year

-28.64%

5 years

-15.89%

10 years

-48.47%

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.

Financials Asset Management

0

Funds holding %

of 7,398 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 18

28% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 58

15% more funds holding

Funds holding: 201 [Q3] → 231 (+30) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q3] → 3 (+0) [Q4]

0.12% less ownership

Funds ownership: 28.42% [Q3] → 28.3% (-0.12%) [Q4]

11% less capital invested

Capital invested by funds: $452M [Q3] → $402M (-$49.8M) [Q4]

82% less call options, than puts

Call options by funds: $219K | Put options by funds: $1.2M

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Research analyst outlook

We haven’t received any recent analyst ratings for GSBD.

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Financial journalist opinion

Based on 6 articles about GSBD published over the past 30 days

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.

Worried About BDC Dividends? Consider These 3 For Durable Income

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.

Goldman Sachs BDC: Dividend Alignment, But Still A Buy

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.

The Moment Of Truth For BDC Dividend Investors Is Close

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.

Goldman Sachs BDC: Huge Dividend Yield, Yet Mediocre Overall Choice

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.

Goldman Sachs BDC: Change In Dividend Structure Not A Deal-Changer

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.

Goldman Sachs BDC: Structural Changes Provide Flexibility, But Investors Should Remain Cautious

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.

Goldman Sachs BDC (GSBD) Q4 2024 Earnings Call Transcript

Zacks Investment Research

Goldman Sachs BDC (GSBD) Lags Q4 Earnings and Revenue Estimates

Goldman Sachs BDC (GSBD) came out with quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.55 per share a year ago.

Goldman Sachs BDC (GSBD) Lags Q4 Earnings and Revenue Estimates

Goldman Sachs BDC, Inc. Reports December 31, 2024 Financial Results and Announces Quarterly Dividend of $0.32 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 fourth quarter and year ended December 31, 2024 and filed its Form 10-K with the U.S. Securities and Exchange Commission. QUARTERLY HIGHLIGHTS Net investment income per share for the quarter ended December 31, 2024 was $0.48. Excluding purchase discount amortization per share of $0.01 from the Merger (as defined below), adjusted net investment in.

Goldman Sachs BDC, Inc. Reports December 31, 2024 Financial Results and Announces Quarterly Dividend of $0.32 Per Share

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5 Red-Hot Ultra-High-Yield Stocks Run by Famous Wall Street Investment Giants

Investors love dividend stocks, especially the high-yield variety because they offer a significant income stream and have massive total return potential.

5 Red-Hot Ultra-High-Yield Stocks Run by Famous Wall Street Investment Giants

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