Goldman Sachs BDC (NYSE:GSBD) Sets New 1-Year Low – What’s Next?

by · The Markets Daily

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD – Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $13.38 and last traded at $13.40, with a volume of 288743 shares. The stock had previously closed at $13.48.

Analyst Upgrades and Downgrades

GSBD has been the topic of a number of research analyst reports. Wells Fargo & Company raised shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $14.00 to $12.00 in a report on Monday, August 12th. Truist Financial reduced their price target on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, August 12th. Finally, StockNews.com raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th.

Read Our Latest Report on GSBD

Goldman Sachs BDC Stock Up 0.2 %

The company has a market cap of $1.51 billion, a PE ratio of 7.05 and a beta of 1.07. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.22. The firm’s fifty day simple moving average is $13.94 and its 200-day simple moving average is $14.77.

Goldman Sachs BDC (NYSE:GSBD – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The business had revenue of $108.62 million during the quarter, compared to analyst estimates of $112.07 million. Goldman Sachs BDC had a net margin of 19.84% and a return on equity of 15.79%. As a group, equities research analysts expect that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.36%. The ex-dividend date of this dividend is Monday, September 30th. Goldman Sachs BDC’s dividend payout ratio is presently 93.75%.

Hedge Funds Weigh In On Goldman Sachs BDC

Institutional investors and hedge funds have recently bought and sold shares of the stock. WFA Asset Management Corp acquired a new position in Goldman Sachs BDC during the first quarter worth approximately $29,000. Register Financial Advisors LLC acquired a new stake in shares of Goldman Sachs BDC in the first quarter worth $41,000. Rothschild Investment LLC acquired a new stake in shares of Goldman Sachs BDC in the second quarter worth $113,000. Zions Bancorporation N.A. acquired a new stake in shares of Goldman Sachs BDC in the second quarter worth $128,000. Finally, Centaurus Financial Inc. increased its position in shares of Goldman Sachs BDC by 15.9% in the second quarter. Centaurus Financial Inc. now owns 9,584 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 1,316 shares in the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Company Profile

(Get Free Report)

Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.

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