Goldman Sachs BDC, Inc Stock News

Goldman Sachs BDC ( GSBD ) Q3 2025 Earnings Call November 7, 2025 9:00 AM EST Company Participants John Silas Vivek Bantwal - Global Head of Financing Group David Miller - Co-Chief Executive Officer Tucker Greene - President & COO Stanley Matuszewski - CFO & Treasurer Conference Call Participants Arren Cyganovich - Truist Securities, Inc., Research Division Presentation John Silas Good morning....

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, 2025 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. QUARTERLY HIGHLIGHTS Net investment income and adjusted net investment income per share for the quarter ended September 30, 2025 was ...

Goldman Sachs and Morgan Stanley expect 10% to 20% correction in equity markets over the next 1-2 years. IMF, Fed Chair Powell and Bank of England Governor Bailey have warned of overvalued equities.

NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GS BDC”) (NYSE: GSBD) announced today that it will report its third quarter ended September 30, 2025 financial results after the market closes on Thursday, November 6, 2025. GS BDC will also host an earnings conference call on Friday, November 7, 2025 at 9:00 am Eastern Time to discuss its financial results. All interested parties are invited...

Goldman Sachs BDC faces shrinking earnings and persistent NAV declines, prompting a downgrade to a hold rating. GSBD maintains a high 14% dividend yield with consistent payouts, but dividend coverage is becoming thinner as earnings decline. The portfolio is defensively structured with 90% in first lien loans, but growth prospects are limited due to weak new investment activity.

Business development companies (BDCs) have gained popularity in recent years, but they still don't get as much attention as they should. Which is too bad, because they pay life-changing (no exaggeration here) dividends.

Goldman Sachs BDC trades at a 24.6% discount to NAV, near its lowest point in five years. GSBD's 5- and 10-year total returns on NAV are 9.54% and 7.68%, with an average ROE of 7.72%. Even with higher loss assumptions, GSBD's expected return is attractive, offering around 10.95% at current discounts.

14 BDCs have base dividend coverage levels between 100% and 105%. 16 BDCs have them already below 100%. Given the unfavorable future earnings outlook, a system-wide BDC dividend cutting process is very likely to start quite soon.