Goldman Sachs BDC, Inc. (NYSE:GSBD) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, GSBD is expected to report 3Q20 income of $ 0.44 per share from revenue of $ 30.88 million.
For the full year, analysts anticipate top line of $ 148.85 million, while looking forward to income of $ 1.82 per share bottom line.
Previous Quarter Performance
Goldman Sachs BDC, Inc. reported income for the second quarter of $ 0.45 per share, from the revenue of $ 30.60 million. The quarterly earnings declined 4.26 percent while revenues dropped 18.96 percent compared with the same quarter last year.
Street analysts expected Goldman Sachs BDC, Inc. to report income of $ 0.46 per share on revenue of $ 31.46 million for the second quarter. The bottom line results missed street analysts by $ 0.01 or 2.17 percent, at the same time, top line results fell short of analysts by $ 0.86 million or 2.73 percent.
Stock Performance
Shares of Goldman Sachs BDC, Inc. traded up $ 0.10 or 0.63 percent on Wednesday, reaching $ 15.98 with volume of 213.80 thousand shares. Goldman Sachs BDC, Inc. has traded high as $ 16.07 and has cracked $ 15.50 on the downward trend
The closing price of $ 15.98, representing a 98.50 % increase from the 52 week low of $ 8.00 and a 29.42 % decrease over the 52 week high of $ 22.50.
The company has a market capital of $ 1.62 billion and is part of the Financial Services sector and Credit Services industry.
Recent Stock Dividend Announcement
On August 10, 2020, the board of directors authorized quarterly dividend of $ 0.45 per share to holders of record as of the close of business on September 30, 2020, with payment date of October 15, 2020 and ex-dividend date on September 29, 2020.
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.
