Goldman Sachs BDC (NYSE:GSBD) Sets 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 Tuesday . The company traded as low as $12.76 and last traded at $12.76, with a volume of 649965 shares. The stock had previously closed at $12.96.

Wall Street Analyst Weigh In

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

Goldman Sachs BDC Stock Down 0.6 %

The firm’s 50-day simple moving average is $13.66 and its 200 day simple moving average is $14.56. 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 stock has a market capitalization of $1.50 billion, a P/E ratio of 18.23 and a beta of 1.07.

Goldman Sachs BDC (NYSE:GSBD) last posted 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. The firm had revenue of $110.41 million during the quarter, compared to the consensus estimate of $112.43 million. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. During the same period last year, the company earned $0.64 earnings per share. As a group, research 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 announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.11%. Goldman Sachs BDC’s payout ratio is 257.14%.

Hedge Funds Weigh In On Goldman Sachs BDC

Institutional investors have recently bought and sold shares of the business. Marshall Wace LLP acquired a new position in shares of Goldman Sachs BDC during the 2nd quarter worth approximately $18,533,000. Van ECK Associates Corp increased its holdings in shares of Goldman Sachs BDC by 20.3% in the second quarter. Van ECK Associates Corp now owns 2,451,439 shares of the financial services provider’s stock valued at $36,845,000 after purchasing an additional 413,745 shares during the last quarter. International Assets Investment Management LLC increased its position in Goldman Sachs BDC by 2,121.3% during 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 buying an additional 314,380 shares during the period. Cetera Investment Advisers grew its position in shares of Goldman Sachs BDC by 45.8% during the 1st quarter. Cetera Investment Advisers now owns 387,379 shares of the financial services provider’s stock worth $5,803,000 after purchasing an additional 121,765 shares in the last quarter. Finally, Cetera Advisors LLC raised its position in shares of Goldman Sachs BDC by 762.7% in the first quarter. Cetera Advisors LLC now owns 136,015 shares of the financial services provider’s stock valued at $2,038,000 after buying an additional 120,249 shares in 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.