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

Goldman Sachs BDC, Inc. (NYSE:GSBDGet Free Report)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $13.32 and last traded at $13.34, with a volume of 173117 shares changing hands. The stock had previously closed at $13.49.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Truist Financial cut their price target on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, August 12th. Finally, Wells Fargo & Company upgraded Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $14.00 to $12.00 in a report on Monday, August 12th.

Check Out Our Latest Analysis on Goldman Sachs BDC

Goldman Sachs BDC Stock Performance

The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 15.87 and a beta of 1.07. The firm has a fifty day simple moving average of $13.91 and a 200 day simple moving average of $14.73. 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:GSBDGet Free Report) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. The firm had revenue of $108.62 million for the quarter, compared to analyst estimates 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, sell-side analysts expect that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, September 30th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 13.48%. The ex-dividend date of this dividend was Monday, September 30th. Goldman Sachs BDC’s dividend payout ratio (DPR) is 211.76%.

Institutional Investors Weigh In On Goldman Sachs BDC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC increased its position in shares of Goldman Sachs BDC by 3.0% during the 1st quarter. SeaCrest Wealth Management LLC now owns 26,016 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 767 shares during the last quarter. Strategic Wealth Partners Ltd. increased its holdings in shares of 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. raised its position in shares of 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 period. Centaurus Financial Inc. lifted its stake 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 worth $144,000 after buying an additional 1,316 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in Goldman Sachs BDC by 11.2% in the 2nd quarter. ProShare Advisors LLC now owns 17,113 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 1,723 shares during the period. Institutional investors and hedge funds own 28.72% of the company’s stock.

About Goldman Sachs BDC

(Get Free Report)

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.

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