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Goldman Sachs BDC ( (GSBD) ) has shared an announcement.
For the second quarter ended June 30, 2026, Goldman Sachs BDC reported net investment income of $0.38 per share, or $0.37 on an adjusted basis, reflecting an annualized net investment income yield on book value of 12.3%, while earnings per share were $0.21. Total investment income rose to $83.7 million from $78.8 million in the prior quarter, driven largely by certain investments returning to accrual status, and net expenses before taxes fell to $40.7 million from $53.0 million as incentive fees declined.
The company’s NAV per share slipped 0.9% to $12.06, and non-accrual investments represented 2.9% of the portfolio at fair value and 5.0% at amortized cost, with restructurings and performance improvements leading some positions, such as Thrasio, back to accrual status, while others, including Wine.com Inc., were placed on non-accrual. The board declared a third-quarter 2026 base dividend of $0.32 per share and a second-quarter supplemental dividend of $0.03 per share, and in May 2026 authorized a new Rule 10b5-1 stock repurchase program of up to $75 million, signaling continued capital return to shareholders alongside active portfolio risk management.
Total investments at fair value declined slightly to $3.20 billion from $3.23 billion, with net funded investment activity negative $26.6 million as sales and repayments exceeded new fundings. As of August 6, 2026, the company’s net debt-to-equity ratio had decreased below its 1.25x target, reflecting balance-sheet de-risking through repayments and sales that may improve financial flexibility for future deployment and support ongoing distributions.
The most recent analyst rating on (GSBD) stock is a Sell
with a $8.50 price target.
To see the full list of analyst forecasts on Goldman Sachs BDC stock,
see the GSBD Stock Forecast page.
Spark’s Take on GSBD Stock
According to Spark, TipRanks’ AI Analyst, GSBD is a Neutral.
GSBD scores 52 primarily due to pressured fundamentals and a cautious earnings outlook: sharp Q1 NII decline, NAV erosion, higher nonaccruals, and weak TTM cash generation weigh most. Technical signals are mildly weak, while the moderate P/E and very high dividend yield provide the main support to the score.
To see Spark’s full report on GSBD stock,
click here.
More about Goldman Sachs BDC
Goldman Sachs BDC, Inc. is a publicly traded business development company listed on the NYSE that provides primarily senior secured debt financing to middle-market businesses. As of June 30, 2026, it held investments and unfunded commitments totaling $3.63 billion across 173 portfolio companies in 39 industries, with 98.6% of its portfolio in senior secured debt, including 96.9% in first lien positions.
The firm’s capital structure included $1.88 billion of debt, 63.9% unsecured and 36.1% secured, and an ending net debt-to-equity ratio of 1.35x, which later fell below its 1.25x target by August 6, 2026 due to repayments and sales. Net asset value per share edged down to $12.06 from $12.17 quarter-on-quarter, and adjusted NAV per share stood at $12.03 after accounting for a supplemental dividend declared for the second quarter of 2026.
Average Trading Volume: 1,064,018
Technical Sentiment Signal: Sell
Current Market Cap: $969.2M
For a thorough assessment of GSBD stock, go to TipRanks’ Stock Analysis page.