Overview

* Goldman Sachs BDC ( GSBD ) Q3 EPS at $0.22 vs $0.32 year ago

* Net asset value per share decreased 2.1% to $12.75

* The direct lending Business Development Company (BDC) repurchased 2.1 mln shares for $25.1 mln in Q3

Outlook

* Company did not provide specific guidance for future quarters or full year in its press release

Result Drivers

* NON-ACCRUAL STATUS - Co placed 1st Lien/Senior Secured Debt in Vardiman Black Holdings on non-accrual status due to financial underperformance

* NEGATIVE NET FUNDED ACTIVITY - Co reported net funded investment activity of $(59.8) million due to higher sales and repayments

* HIGH SECURED DEBT - 98.2% of investment portfolio comprised of senior secured debt, including 96.7% in first lien investments

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.22

Q3 $0.32

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the corporate financial services peer group is "buy."

* Wall Street's median 12-month price target for Goldman Sachs BDC Inc ( GSBD ) is $10.75, about 9.4% above its November 6 closing price of $9.74

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)