Goldman Sachs BDC (NYSE:GSBD) Hits New 12-Month Low – Should You Sell?

Goldman Sachs BDC, Inc. (NYSE:GSBD)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $13.32 and last traded at $13.34, with a volume of 173117 shares trading hands. The stock had previously closed at $13.49.

Wall Street Analysts Forecast Growth

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

Goldman Sachs BDC Price Performance

The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.22. The business has a fifty day simple moving average of $13.87 and a 200 day simple moving average of $14.71. The stock has a market capitalization of $1.54 billion, a P/E ratio of 15.54 and a beta of 1.07.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Thursday, August 8th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Goldman Sachs BDC had a return on equity of 15.79% and a net margin of 19.84%. The firm had revenue of $108.62 million for the quarter, compared to the consensus estimate of $112.07 million. On average, analysts expect that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Monday, September 30th were paid a $0.45 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.63%. Goldman Sachs BDC’s payout ratio is presently 211.76%.

Hedge Funds Weigh In On Goldman Sachs BDC

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Strategic Wealth Partners Ltd. lifted its stake in Goldman Sachs BDC by 6.3% in the third quarter. Strategic Wealth Partners Ltd. now owns 16,985 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 1,000 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Goldman Sachs BDC by 11.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 11,500 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 1,146 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in Goldman Sachs BDC by 4.6% in the second quarter. SeaCrest Wealth Management LLC now owns 27,216 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 1,200 shares during the last quarter. Centaurus Financial Inc. lifted its stake in 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 valued at $144,000 after purchasing an additional 1,316 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in Goldman Sachs BDC by 11.2% in the second quarter. ProShare Advisors LLC now owns 17,113 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 1,723 shares during the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.

About Goldman Sachs BDC

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.