Goldman Sachs BDC (NYSE:GSBD) Reaches New 1-Year Low – Should You Sell?

Goldman Sachs BDC, Inc. (NYSE:GSBD)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $11.85 and last traded at $11.90, with a volume of 458281 shares changing hands. The stock had previously closed at $12.01.

Analyst Upgrades and Downgrades

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

Goldman Sachs BDC Stock Up 0.3 %

The business’s 50 day moving average is $12.77 and its 200 day moving average is $13.81. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 17.06 and a beta of 1.06. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26.

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

Goldman Sachs BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 15.08%. The ex-dividend date of this dividend is Tuesday, December 31st. Goldman Sachs BDC’s payout ratio is 257.14%.

Hedge Funds Weigh In On Goldman Sachs BDC

Institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp increased its holdings in shares of Goldman Sachs BDC by 10.4% during the 3rd quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider’s stock valued at $36,408,000 after purchasing an additional 255,458 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Goldman Sachs BDC during the 2nd quarter valued at approximately $18,533,000. J.W. Cole Advisors Inc. purchased a new position in shares of Goldman Sachs BDC during the 3rd quarter valued at approximately $526,000. Versant Capital Management Inc increased its holdings in shares of Goldman Sachs BDC by 143.4% during the 4th quarter. Versant Capital Management Inc now owns 13,331 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 7,854 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Goldman Sachs BDC by 46.6% in the 3rd quarter. Stifel Financial Corp now owns 21,910 shares of the financial services provider’s stock worth $301,000 after acquiring an additional 6,963 shares in the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

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.