Stock events for Goldman Sachs BDC, Inc. (GSBD)
Over the past six months, GSBD's stock price declined by 29.05% and was trading near its 52-week low. GSBD announced Q4 2025 earnings, reporting $0.37 EPS, surpassing estimates, but revenue missed expectations. The company declared a first quarterly 2026 base dividend of $0.32 per share and a fourth-quarter 2025 supplemental dividend of $0.03 per share. Goldman Sachs BDC, Inc. priced a public offering of $400 million of 5.100% Unsecured Notes Due 2029. Wall Street Zen downgraded Goldman Sachs BDC from a "hold" to a "sell" rating, and Wells Fargo & Company lowered its target price for GSBD from $9.00 to $8.00, issuing an "underweight" rating. Lucid Cap Mkts raised its rating to "hold," The Goldman Sachs Group initiated coverage with a "neutral" rating and a $10.50 price target, and Weiss Ratings raised its rating to "hold (c-)". Zacks Research raised shares of Goldman Sachs BDC from a "strong sell" to a "hold" rating. The company experienced a significant contraction in its Net Investment Income (NII) and a rise in non-accruals, including adding a first lien related to PluralSight to its non-accruals.
Demand Seasonality affecting Goldman Sachs BDC, Inc.’s stock price
The demand for Goldman Sachs BDC, Inc.'s private credit and lending services is driven by broader economic conditions, business expansion needs, mergers and acquisitions, and refinancing activities of middle-market companies, rather than consumer-driven seasonal patterns. There is no indication of specific seasonal fluctuations in the demand for GSBD's lending products and services.
Overview of Goldman Sachs BDC, Inc.’s business
Goldman Sachs BDC, Inc. is a specialty finance company operating as a non-diversified, closed-end management investment company and a subsidiary of Goldman Sachs Asset Management, regulated as a BDC. The company aims to generate current income and capital appreciation through direct originations of secured and unsecured debt, and select equity investments, focusing on U.S. middle-market companies with an EBITDA between $5 million and $75 million, investing across various sectors and generating revenue primarily from interest income.
GSBD’s Geographic footprint
Goldman Sachs BDC, Inc. primarily invests in middle-market companies located within the United States and is headquartered in New York, New York.
GSBD Corporate Image Assessment
Goldman Sachs BDC, Inc.'s brand reputation has been influenced by its affiliation with Goldman Sachs Asset Management, providing deal sourcing, research, a sponsor network, and banking relationships. KBRA affirmed the issuer and senior unsecured debt ratings of BBB for GSBD with a Stable Outlook. However, analyst firms like Wall Street Zen and Wells Fargo & Company downgraded GSBD's rating, with concerns raised about the company's financial performance, the rise in non-accrual loans, and a contraction in Net Investment Income.
Ownership
The ownership structure of Goldman Sachs BDC, Inc. is a mix of institutional, retail, and individual investors. Retail investors hold the largest portion of the company's shares. Major institutional owners and shareholders include Goldman Sachs Group Inc., VanEck Associates Corp, Generali Asset Management SPA SGR, Morgan Stanley, UBS Group AG, Invesco Ltd., Bank Of America Corp /de/, BlackRock, Inc., Legal & General Group Plc, and Muzinich & Co., Inc.
