Goldman Sachs BDC (NYSE:GSBD) Hits New 1-Year High at $15.82

Goldman Sachs BDC, Inc. (NYSE:GSBD)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $15.82 and last traded at $15.71, with a volume of 44596 shares trading hands. The stock had previously closed at $15.61.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Saturday, May 4th. Wells Fargo & Company increased their price objective on shares of Goldman Sachs BDC from $14.50 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th.

Goldman Sachs BDC Stock Performance

The stock’s 50-day moving average is $15.25 and its 200-day moving average is $14.99. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 8.67 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.14.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Wednesday, February 28th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $115.40 million for the quarter, compared to analyst estimates of $117.09 million. Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 43.06%. On average, analysts expect that Goldman Sachs BDC, Inc. will post 2.18 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Thursday, March 28th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 11.41%. The ex-dividend date was Wednesday, March 27th. Goldman Sachs BDC’s dividend payout ratio (DPR) is 100.00%.

Institutional Trading of Goldman Sachs BDC

Several large investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of Goldman Sachs BDC by 7.9% during the 1st quarter. Van ECK Associates Corp now owns 2,037,694 shares of the financial services provider’s stock valued at $30,524,000 after buying an additional 149,491 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Goldman Sachs BDC by 2.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,138,467 shares of the financial services provider’s stock valued at $17,054,000 after buying an additional 30,886 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Goldman Sachs BDC by 3.3% during the 3rd quarter. Invesco Ltd. now owns 862,743 shares of the financial services provider’s stock valued at $12,562,000 after buying an additional 27,451 shares during the last quarter. Advisors Capital Management LLC lifted its stake in Goldman Sachs BDC by 2.6% during the third quarter. Advisors Capital Management LLC now owns 651,264 shares of the financial services provider’s stock worth $9,482,000 after purchasing an additional 16,512 shares during the last quarter. Finally, Shikiar Asset Management Inc. lifted its stake in Goldman Sachs BDC by 30.3% during the first quarter. Shikiar Asset Management Inc. now owns 477,575 shares of the financial services provider’s stock worth $7,154,000 after purchasing an additional 110,975 shares during the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

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.