Goldman Sachs BDC Inc. ( (GSBD) ) has released its Q3 earnings. Here is a breakdown of the information Goldman Sachs BDC Inc. presented to its investors.
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Goldman Sachs BDC, Inc. is a specialty finance company investing primarily in middle-market companies in the United States through secured and unsecured debt and equity investments, managed by Goldman Sachs Asset Management. Goldman Sachs BDC, Inc. reported its financial results for the third quarter of 2024, revealing a decrease in net asset value per share and a quarterly dividend declaration. The company’s net investment income per share stood at $0.58, while net asset value per share slightly declined to $13.54, reflecting a 1% drop from the previous quarter. Total investments at fair value were approximately $4.02 billion, with a significant portion in senior secured debt. The company recorded gross originations of $376.6 million during the quarter, with a net funded investment activity of negative $69.4 million, indicating more sales and repayments than fundings. Despite these fluctuations, Goldman Sachs BDC maintained a stable debt-to-equity ratio and declared a regular fourth-quarter dividend of $0.45 per share. Looking ahead, Goldman Sachs BDC, Inc. continues to focus on generating income through strategic investments while navigating market challenges, with management maintaining a cautious yet optimistic outlook.
