Goldman Sachs BDC (NYSE:GSBD) Hits New 52-Week Low – Here’s Why

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GSBD. StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Truist Financial lowered their price objective on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, August 12th. Finally, Wells Fargo & Company upgraded shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $14.00 to $12.00 in a research note on Monday, August 12th.

Goldman Sachs BDC Stock Down 0.3 %

The firm has a market cap of $1.51 billion, a P/E ratio of 7.03 and a beta of 1.07. The business’s fifty day moving average price is $13.96 and its two-hundred day moving average price is $14.79. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.22.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate 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 anticipate that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.80 annualized dividend and a yield of 13.39%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 93.75%.

Institutional Trading of Goldman Sachs BDC

Several hedge funds and other institutional investors have recently bought and sold shares of GSBD. WFA Asset Management Corp acquired a new stake in shares of Goldman Sachs BDC during the 1st quarter valued at about $29,000. Register Financial Advisors LLC acquired a new stake in shares of Goldman Sachs BDC during the 1st quarter valued at about $41,000. Rothschild Investment LLC acquired a new stake in shares of Goldman Sachs BDC during the 2nd quarter valued at about $113,000. Zions Bancorporation N.A. acquired a new stake in shares of Goldman Sachs BDC during the 2nd quarter valued at about $128,000. Finally, Centaurus Financial Inc. boosted its position in shares of Goldman Sachs BDC by 15.9% during the 2nd quarter. Centaurus Financial Inc. now owns 9,584 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 1,316 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Company Profile

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.