| Goldman Sachs BDC (GSBD) Q1 2025 Earnings Call Transcript |
Goldman Sachs BDC. (NYSE:GSBD ) Q1 2025 Earnings Conference Call May 9, 2025 8:30 AM ET Company Participants Austin Neri - IR Alex Chi - Co-CEO & Co-President David Miller - Co-CEO & Co-President Tucker Greene - COO Stanley Matuszewski - CFO & Treasurer Conference Call Participants Derek Hewett - Bank of America Operator Good morning. |
seekingalpha.com |
2025-05-09 14:06:39 |
Czytaj oryginał (ang.) |
| Goldman Sachs BDC (GSBD) Misses Q1 Earnings and Revenue Estimates |
Goldman Sachs BDC (GSBD) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.54 per share a year ago. |
zacks.com |
2025-05-08 23:50:31 |
Czytaj oryginał (ang.) |
| Goldman Sachs BDC, Inc. Reports March 31, 2025 Financial Results and Announces Second Quarterly Base Dividend of $0.32 Per Share, Special Dividend of $0.16 Per Share and First Quarter Supplemental Dividend of $0.05 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 first quarter ended March 31, 2025 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. QUARTERLY HIGHLIGHTS Net investment income per share for the quarter ended March 31, 2025 was $0.42. Excluding purchase discount amortization per share of $0.01 from the Merger (as defined below), adjusted net investment income per share w. |
businesswire.com |
2025-05-08 20:51:00 |
Czytaj oryginał (ang.) |
| All That Glitters Is Not Gold, 2 BDCs To Avoid Before They Cut Again |
The BDC land consists of a small number of players, most of which have tiny market cap levels. Even though the asset class is relatively shallow and niche-like, we can still find some strong brand names operating here. Theoretically, this should provide an advantage in terms of accessing sizeable and high-quality private credit investments. |
seekingalpha.com |
2025-05-03 13:15:00 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2025-04-30 18:02:31 |
Czytaj oryginał (ang.) |
| 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. |
cnbc.com |
2025-04-30 03:54:13 |
Czytaj oryginał (ang.) |
| 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. |
businesswire.com |
2025-04-07 20:15:00 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2025-03-31 13:15:00 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2025-03-20 03:31:21 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2025-03-11 11:15:00 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2025-03-11 09:00:00 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2025-03-07 11:19:50 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2025-03-05 16:00:00 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2025-02-28 13:21:30 |
Czytaj oryginał (ang.) |
| 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. |
zacks.com |
2025-02-27 22:15:22 |
Czytaj oryginał (ang.) |
| 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. |
businesswire.com |
2025-02-27 19:59:00 |
Czytaj oryginał (ang.) |
| Goldman Sachs BDC: Risky, Yet Likely Worth It |
Goldman Sachs BDC's portfolio has diversified sector exposure, with notable changes in exposure to software, health care, and professional services since our last coverage. Despite an earnings miss in Q3, we hold a positive outlook on Q4 revenue and believe a favourable asset-liability spread will lead to a solid EPS figure. The BDC's forward dividend yield of 14%+ could make it a lucrative opportunity if price stability emerges. |
seekingalpha.com |
2025-01-23 05:41:12 |
Czytaj oryginał (ang.) |
| Goldman Sachs BDC, Inc. Schedules Earnings Release and Conference Call to Announce Fourth Quarter and Fiscal Year Ended 2024 Results |
NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GS BDC”) (NYSE: GSBD) announced today that it will report its fourth quarter and fiscal year ended December 31, 2024 financial results after the market closes on Thursday, February 27, 2025. GS BDC will also host an earnings conference call on Friday, February 28, 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 Inve. |
businesswire.com |
2025-01-15 19:30:00 |
Czytaj oryginał (ang.) |
| Goldman Sachs BDC: Price Drop Creates An Attractive Buying Opportunity |
I maintain my buy rating on Goldman Sachs BDC due to its strong dividend coverage, diverse portfolio, and attractive valuation despite recent price declines. GSBD's portfolio is well-constructed, with a focus on first lien senior secured debt. Earnings currently support the 14.7% dividend yield, making it appealing for income investors. The higher interest rate environment has impacted GSBD's portfolio quality, but non-accrual rates have improved, and management continues to invest in new opportunities. |
seekingalpha.com |
2025-01-07 01:51:03 |
Czytaj oryginał (ang.) |
| 14%+ Dividend Yields: 1 To Buy And 1 To Avoid |
High-yield dividend stocks can be powerful income machines, but can also be risky. This means that investors should use extra caution when investing in these sorts of stocks. We discuss two 14%+ yielding yields, one that is worth buying and one that is not. |
seekingalpha.com |
2025-01-06 14:00:00 |
Czytaj oryginał (ang.) |
| Baby Boomers Should Buy These 10% and More Ultra-High-Yield Stocks Hand-Over-Fist |
With the youngest baby boomers (Americans born between 1946 and 1964) approaching retirement age, it is becoming increasingly important to focus on magnificent dividend stocks that will supply significant passive income either in or out of designated retirement accounts like IRAs. |
247wallst.com |
2024-12-26 09:46:36 |
Czytaj oryginał (ang.) |
| Goldman Sachs BDC: This Is Not A BDC You Want To Have Now |
In December 2023, I issued my first relatively bearish article on GSBD. The argument was that GSBD lacked the financial firepower to grow. Since then, GSBD has underperformed the BDC market by ~20%. |
seekingalpha.com |
2024-12-21 11:15:00 |
Czytaj oryginał (ang.) |
| I Am Loading Up On These 2 High-Flying High-Yield Sectors For 2025 |
AI stocks have dominated the markets over the past few years. However, there are a few other sectors that have also shined over the past few years. I share two high-flying big dividend sectors that, I think, will continue to outperform in 2025. |
seekingalpha.com |
2024-12-17 13:00:00 |
Czytaj oryginał (ang.) |
| 11-14% Yields: Give Yourself The Gift Of Dividends For Christmas |
Big dividend stocks are on a big holiday sale this Christmas season. Even in some of the most in-favor sectors of the high-yield space, bargains can still be found. I share some well-covered 11-14% dividend yields that can be found on the bargain rack. |
seekingalpha.com |
2024-12-17 09:05:00 |
Czytaj oryginał (ang.) |
| Goldman Sachs BDC: Contrarian Buy Near 1-Year Lows (Rating Upgrade) |
Goldman Sachs BDC's non-accrual percentage has improved, and shares now trade at a discount to book value, presenting a contrarian buying opportunity. Despite increased non-performing loans, Goldman Sachs BDC's dividend remains well-supported by net investment income, with a coverage ratio of 1.29X in Q3'24. The investment firm's reliance on variable rate loans poses a risk, but the dividend appears secure unless non-accrual loans increase or net investment income drops significantly. |
seekingalpha.com |
2024-12-05 10:43:43 |
Czytaj oryginał (ang.) |
| 13+% Dividend Yields: 1 To Buy And 1 To Avoid |
My portfolio focuses on high-yielding stocks, as they are ideal components of an opportunistic capital recycling strategy. That said, not all high-yield stocks make for good investments. I share one stock with a dividend yield of over 13% that I would avoid right now. |
seekingalpha.com |
2024-12-04 14:01:31 |
Czytaj oryginał (ang.) |
| 4 Quality Ultra-High-Yield Stocks That Pay Huge 12%-16% Dividends Are Top December Buys |
Investors love dividend stocks, especially the high-yield variety. |
247wallst.com |
2024-12-04 08:18:40 |
Czytaj oryginał (ang.) |
| BDC Weekly Review: Key Q3 Earnings Trends |
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs were flat this week in aggregate, outperforming other income sectors, with PSEC and TPVG bookending month-to-date returns. Q3 earnings reveal a slight decline in net investment income due to rate cuts, tight market spreads, and refinancing into higher coupon debt. |
seekingalpha.com |
2024-11-30 08:54:26 |
Czytaj oryginał (ang.) |
| Investing In BDCs For 10%+ Yields? This Is What Matters Now |
When investing for 10%+ BDC yields, investors have to pay extra attention to leverage, dividend coverage, and portfolio quality. Going into Q3, 2024 earnings season, my expectation was that we would see elevated volatility levels and falling NII results. While the actual results have been mostly positive for high-quality BDCs (and even for some speculative picks), many risks remain open. |
seekingalpha.com |
2024-11-20 11:15:00 |
Czytaj oryginał (ang.) |
| Goldman Sachs BDC: Important Improvements But Headwinds Warrant Caution (Rating Downgrade) |
Despite attractive 13.9% yield, Goldman Sachs BDC faces credit quality concerns, declining NAV, and top/bottom line erosion, leading me to downgrade them from a buy to a hold. Payment-in-kind income also declined quarter-over-quarter but could see rises in the future due to impacts from declining interest rates. Improvements include higher originations, lower non-accruals, and increased portfolio company count, but persistent headwinds remain a concern for investors. |
seekingalpha.com |
2024-11-20 09:13:00 |
Czytaj oryginał (ang.) |
| BDC Weekly Review: Tax-Loss Season Is Approaching |
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs saw a 2% aggregate return on the week; TPVG surged nearly 20%, while PSEC dropped due to a bad quarter and distribution cut. Tax-loss season may pressure some securities; PSEC, HRZN, TPVG, TCPC, OCSL, GSBD, NMFC, and CSWC could weaken further by year-end. |
seekingalpha.com |
2024-11-16 03:50:34 |
Czytaj oryginał (ang.) |
| Goldman Sachs BDC: Is This 14% BDC Yield Risky? |
Goldman Sachs BDC offers a high 14% yield and trades at a 4% discount to NAV, making it an attractive buy. The BDC's dividend is well-covered by net investment income, with a 78% payout ratio in 3Q24, ensuring dividend sustainability. Improving non-accrual ratio and strong gross originations highlight Goldman Sachs BDC's solid portfolio performance and potential for capital appreciation. |
seekingalpha.com |
2024-11-13 11:17:12 |
Czytaj oryginał (ang.) |
| Baby Boomers Should Buy These 10% and More Ultra-High-Yield Stocks Hand-Over-Fist |
With the youngest Baby Boomers (Americans born between 1946 and 1964) approaching retirement age, it's becoming increasingly important to focus on magnificent dividend stocks that will supply significant passive income either in or out of designated retirement accounts like IRAs. |
247wallst.com |
2024-11-12 13:46:36 |
Czytaj oryginał (ang.) |
| Goldman Sachs BDC (GSBD) Q3 2024 Earnings Call Transcript |
Goldman Sachs BDC (NYSE:GSBD ) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants Austin Neri - Investor Relations Alex Chi - Co-Chief Executive Officer and Co-President David Miller - Co-Chief Executive Officer and Co-President Tucker Greene - Chief Operating Officer Stanley Matuszewski - Chief Financial Officer and Treasurer Conference Call Participants Mark Hughes - Truist Derek Hewett - Bank of America Securities Robert Dodd - Raymond James Austin Neri Good morning. This is Austin Neri, 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. Third Quarter 2024 Earnings Conference Call. |
seekingalpha.com |
2024-11-08 12:55:44 |
Czytaj oryginał (ang.) |
| Goldman Sachs BDC (GSBD) Beats Q3 Earnings Estimates |
Goldman Sachs BDC (GSBD) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.64 per share a year ago. |
zacks.com |
2024-11-07 23:15:23 |
Czytaj oryginał (ang.) |
| Goldman Sachs BDC, Inc. Reports September 30, 2024 Financial Results and Announces Quarterly Dividend of $0.45 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 third quarter ended September 30, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. QUARTERLY HIGHLIGHTS Net investment income per share for the quarter ended September 30, 2024 was $0.58. Excluding purchase discount amortization per share of $0.01 from the Merger (as defined below), adjusted net investment income per. |
businesswire.com |
2024-11-07 19:19:00 |
Czytaj oryginał (ang.) |
| Goldman Sachs BDC: Payments-In-Kind And Portfolio Quality Are A Concern (Rating Downgrade) |
GSBD's dividend yield is highly attractive at around 13%, but rising non-accruals and portfolio quality deterioration make it a hold rather than a buy. Despite strong NII coverage of the dividend, the substantial rise in PIK income to over 11% of total interest and dividend income raises concerns. GSBD trades at a slight discount to book value, and a rerating to historic premium levels is unlikely without significant credit quality improvement. |
seekingalpha.com |
2024-10-28 18:23:19 |
Czytaj oryginał (ang.) |
| Goldman Sachs BDC: Rising Concerns, But I'm Confident Dividend Remains Secure |
Goldman Sachs BDC faces credit quality issues but maintains strong fundamentals, including a solid balance sheet and high dividend coverage, making it a buy. Despite a recent share price decline and rising non-accruals, the company's first-lien loan exposure and spillover income ensure dividend safety. GSBD's portfolio grew to 155 companies with increased first-lien exposure, enhancing confidence in future credit quality improvements. |
seekingalpha.com |
2024-10-28 08:53:00 |
Czytaj oryginał (ang.) |
| Goldman Sachs BDC: Strong Dividend Coverage But Some Portfolio Concerns |
Goldman Sachs BDC has experienced a price drop due to rising non-accrual rates. However, it now trades at an attractive discount to NAV, presenting a buying opportunity. GSBD's portfolio is diversified, with 92.3% in senior secured debt, protecting against defaults. The high dividend yield of 13.3% is well-covered by earnings, ensuring stability for income-focused investors even in a changing interest rate environment. |
seekingalpha.com |
2024-10-14 06:06:48 |
Czytaj oryginał (ang.) |
| Goldman Sachs BDC, Inc. Schedules Earnings Release and Conference Call to Announce Third Quarter 2024 Results |
NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GS BDC”) (NYSE: GSBD) announced today that it will report its third quarter ended September 30, 2024 financial results after the market closes on Thursday, November 7, 2024. GS BDC will also host an earnings conference call on Friday, November 8, 2024 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 sec. |
businesswire.com |
2024-10-08 20:54:00 |
Czytaj oryginał (ang.) |