Welcome to our dedicated page for Goldman Sachs news (Ticker: GSBD), a resource for investors and traders seeking the latest updates and insights on Goldman Sachs stock.
Goldman Sachs BDC, Inc. (GSBD) is a New York Stock Exchange-listed specialty finance company that operates as a business development company under the Investment Company Act of 1940. It was formed by The Goldman Sachs Group, Inc. to invest primarily in U.S. middle-market companies through secured and unsecured debt and select equity positions. The GSBD news stream highlights how this investment strategy translates into quarterly performance, portfolio activity and capital decisions.
News updates for GSBD frequently center on quarterly and annual financial results, where the company reports total investment income, net investment income per share, net asset value per share and non-GAAP measures that adjust for a purchase discount related to a prior merger. These releases also summarize portfolio composition by instrument type, the number of portfolio companies and industries represented, and the percentage of investments on non-accrual status.
Another key theme in GSBD news is distribution policy and dividends. Press releases detail base quarterly dividends, supplemental dividends and special dividends, along with record and payment dates. The company has described a distribution framework that combines a base dividend with variable supplemental distributions tied to net investment income above a set level, subject to board approval.
Investors following GSBD news will also see coverage of capital structure developments, such as amendments to the senior secured revolving credit facility and the pricing and issuance of unsecured notes, including 5.650% notes due 2030. These items explain how the company manages its leverage, liquidity and funding costs. In addition, GSBD regularly announces the scheduling of earnings releases and conference calls, providing access details for telephone and webcast participation.
For those tracking GSBD, this news flow offers ongoing insight into portfolio performance, credit quality, dividend actions and financing decisions that shape the company’s risk and return profile over time.
Goldman Sachs BDC, Inc. (NYSE: GSBD) announced the appointment of Alex Chi and David Miller as co-CEOs and co-Presidents, effective March 2022. They succeed Brendan McGovern, who will retire after a 15-year tenure. Both Chi and Miller bring extensive experience from Goldman Sachs, with a combined 40 years in private credit investing. Their leadership is expected to further the firm's strategy in middle market corporate credit investments, aiming to enhance shareholder value through capital appreciation and income generation.
Goldman Sachs BDC, Inc. (GSBD) reported its Q3 2021 financial results, showing a net investment income per share of $0.63. Excluding merger-related amortization, the adjusted net investment income per share was $0.48, yielding an annualized net investment income of 12.1%. The company declared a fourth quarter dividend of $0.45 per share, payable January 27, 2022. However, its net asset value decreased by 0.8% to $15.92. Total investment income rose to $96.7 million, while expenses increased to $32.0 million.
Goldman Sachs BDC, Inc. (NYSE: GSBD) will report its third quarter financial results for the period ending September 30, 2021, after market close on November 4, 2021. The company will host an earnings conference call on November 5, 2021, at 9:00 AM Eastern Time to discuss the results. Interested participants can join via telephone or through an audio webcast on the company’s website. Goldman Sachs BDC is focused on investing in middle-market companies in the U.S., primarily through secured and unsecured debt and selected equity investments.
Goldman Sachs BDC, Inc. (GSBD) reported Q2 2021 results, highlighting a net investment income per share of $0.57 and an adjusted net investment income of $0.48, yielding 12.0% on book value. The Board declared a $0.45 dividend for Q3 2021. Total investments reached $3,533.6 million, with a 0.3% increase in net asset value per share to $16.05. The net debt to equity ratio improved to 0.91x. New investment commitments totaled $368.8 million, while sales and repayments amounted to $277.4 million.
Goldman Sachs BDC, Inc. (NYSE:GSBD) will release its second-quarter financial results for the period ending June 30, 2021, after market close on August 5, 2021. An earnings conference call is scheduled for August 6, 2021, at 9:00 AM ET. Participants can join via telephone or webcast from the Investor Resources section of GS BDC's website. Additionally, a replay of the call will be available until September 6, 2021. GS BDC primarily invests in middle-market companies and aims to generate income through secured and unsecured debt, along with select equity investments.
Goldman Sachs BDC, Inc. (GSBD) reported its financial results for Q1 2021, with a net investment income per share of $0.57 and adjusted net investment income of $0.48, yielding 12.0% on book value. The company's net asset value per share rose to $16.00, a 0.6% increase. GSBD declared a regular dividend of $0.45 per share and a special dividend of $0.05. New investment commitments totaled $188.3 million, with a net portfolio change of $(58.2) million. As of Mar 31, 2021, GSBD's investments were mainly in senior secured debt, maintaining a stable debt-to-equity ratio of 0.96x.
Goldman Sachs BDC, Inc. (GSBD) is set to release its first quarter financial results for the period ending March 31, 2021, after market close on May 6, 2021. An earnings conference call will take place on May 7, 2021, at 9:00 am Eastern Time, allowing stakeholders to discuss the financial outcomes. Interested parties can join via phone or audio webcast through the investor resources section of the GSBD website. The company specializes in financing middle-market companies, focusing on income generation and capital appreciation through various debt and equity investments.
Goldman Sachs BDC, Inc. (GSBD) reported strong fourth-quarter financial results for the year ending December 31, 2020. Net investment income per share was $0.59, adjusted to $0.48 excluding purchase discount amortization. Earnings per share stood at $1.83, with adjusted earnings at $0.94. The net asset value increased by 2.7% to $15.91, and the net debt to equity ratio improved to 1.00x. The company declared a regular dividend of $0.45 per share. Additionally, record investment commitments of $423 million were reported, bolstering the investment portfolio to $3.48 billion across 123 companies.
Goldman Sachs BDC, Inc. (GSBD) will report its fourth quarter and fiscal year financial results for the period ending December 31, 2020, after market close on February 25, 2021. An earnings conference call is scheduled for February 26 at 9:00 am ET to discuss the financial results. Interested parties can join via telephone or the audio webcast available on the company’s website. GS BDC focuses on investments in middle-market companies, seeking to generate current income and capital appreciation through various debt and equity investments.
Goldman Sachs BDC, Inc. (NYSE: GSBD) has announced a $500 million offering of 2.875% notes maturing on January 15, 2026. The notes can be redeemed at par plus a potential make-whole premium. Proceeds will be used to reduce debt under its revolving credit facility. The offering is subject to customary closing conditions and is expected to be finalized by November 24, 2020. A group of financial institutions, including BofA Securities and Citigroup, are managing the offering.