Goldman Sachs BDC (NYSE:GSBD) Stock Price Crosses Below 200 Day Moving Average of $15.27

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.27 and traded as low as $15.04. Goldman Sachs BDC shares last traded at $15.13, with a volume of 625,388 shares trading hands.

Analysts Set New Price Targets

Several research firms recently weighed in on GSBD. Wells Fargo & Company downgraded Goldman Sachs BDC from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $15.00 to $14.00 in a report on Wednesday, May 29th. StockNews.com downgraded Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Monday, May 20th.

Goldman Sachs BDC Price Performance

The firm has a market capitalization of $1.70 billion, a P/E ratio of 7.88 and a beta of 1.08. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.24 and a quick ratio of 1.24. The stock’s fifty day simple moving average is $15.35 and its 200 day simple moving average is $15.27.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Tuesday, May 7th. The financial services provider reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). Goldman Sachs BDC had a return on equity of 15.68% and a net margin of 45.80%. The firm had revenue of $111.54 million during the quarter, compared to the consensus estimate of $115.33 million. On average, equities research analysts predict that Goldman Sachs BDC, Inc. will post 2.14 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, June 28th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, June 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.90%. Goldman Sachs BDC’s payout ratio is 93.75%.

Institutional Investors Weigh In On Goldman Sachs BDC

Large investors have recently modified their holdings of the business. WFA Asset Management Corp purchased a new stake in Goldman Sachs BDC in the 1st quarter worth approximately $29,000. Signaturefd LLC purchased a new stake in Goldman Sachs BDC in the 4th quarter worth approximately $40,000. Register Financial Advisors LLC purchased a new stake in Goldman Sachs BDC in the 1st quarter worth approximately $41,000. Creekmur Asset Management LLC purchased a new stake in Goldman Sachs BDC in the 4th quarter worth approximately $45,000. Finally, CWM LLC raised its stake in shares of Goldman Sachs BDC by 75.0% during the 4th quarter. CWM LLC now owns 3,500 shares of the financial services provider’s stock worth $51,000 after buying an additional 1,500 shares during the period. Hedge funds and other institutional investors 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.