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

Goldman Sachs BDC, Inc. (NYSE:GSBD)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.67 and last traded at $12.75, with a volume of 179615 shares. The stock had previously closed at $12.70.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th.

Goldman Sachs BDC Price Performance

The stock has a 50 day moving average of $13.12 and a two-hundred day moving average of $14.12. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $1.48 billion, a P/E ratio of 18.07 and a beta of 1.06.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. The firm had revenue of $110.41 million during the quarter, compared to analysts’ expectations of $112.43 million. During the same period last year, the firm posted $0.64 EPS. Sell-side analysts predict that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 14.23%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 257.14%.

Institutional Trading of Goldman Sachs BDC

A number of hedge funds have recently made changes to their positions in GSBD. Marshall Wace LLP bought a new position in shares of Goldman Sachs BDC in the 2nd quarter valued at $18,533,000. Van ECK Associates Corp raised its position in shares of Goldman Sachs BDC by 20.3% during the second quarter. Van ECK Associates Corp now owns 2,451,439 shares of the financial services provider’s stock worth $36,845,000 after purchasing an additional 413,745 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Goldman Sachs BDC by 2,121.3% in the 3rd quarter. International Assets Investment Management LLC now owns 329,200 shares of the financial services provider’s stock worth $45,300,000 after acquiring an additional 314,380 shares during the last quarter. TrueMark Investments LLC bought a new position in shares of Goldman Sachs BDC in the second quarter valued at approximately $1,438,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Goldman Sachs BDC during the 3rd quarter worth $1,101,000. 28.72% of the stock is owned by institutional investors and hedge funds.

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.