Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as $13.38 and last traded at $13.43, with a volume of 331405 shares traded. The stock had previously closed at $13.54.
A number of equities analysts recently commented on the company. Wells Fargo & Company upgraded Goldman Sachs BDC from an "underweight" rating to an "equal weight" rating and reduced their price target for the stock from $14.00 to $12.00 in a report on Monday, August 12th. StockNews.com upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Tuesday, October 8th. Finally, Truist Financial reduced their price objective on Goldman Sachs BDC from $16.00 to $14.00 and set a "hold" rating for the company in a report on Monday, August 12th.
View Our Latest Research Report on GSBD
The company has a debt-to-equity ratio of 1.22, a current ratio of 1.22 and a quick ratio of 1.22. The business's 50-day moving average price is $14.01 and its two-hundred day moving average price is $14.86. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 7.02 and a beta of 1.07.
Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.05. Goldman Sachs BDC had a net margin of 19.84% and a return on equity of 15.79%. The company had revenue of $108.62 million during the quarter, compared to the consensus estimate of $112.07 million. Research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.35%. Goldman Sachs BDC's payout ratio is 93.75%.
Institutional investors have recently added to or reduced their stakes in the company. Norden Group LLC raised its position in Goldman Sachs BDC by 1,000.5% during the first quarter. Norden Group LLC now owns 119,304 shares of the financial services provider's stock valued at $1,787,000 after purchasing an additional 108,463 shares in the last quarter. Shikiar Asset Management Inc. increased its holdings in shares of Goldman Sachs BDC by 16.1% during the second quarter. Shikiar Asset Management Inc. now owns 554,290 shares of the financial services provider's stock worth $8,331,000 after buying an additional 76,715 shares in the last quarter. Confluence Investment Management LLC acquired a new position in shares of Goldman Sachs BDC during the first quarter worth $2,786,000. Naviter Wealth LLC acquired a new position in shares of Goldman Sachs BDC during the first quarter worth $1,304,000. Finally, Marshall Wace LLP acquired a new position in shares of Goldman Sachs BDC during the second quarter worth $18,533,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.
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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