Goldman Sachs BDC (NYSE:GSBD) Hits New 12-Month Low – Here’s What Happened

Goldman Sachs BDC, Inc. (NYSE:GSBD)’s share price reached a new 52-week low on Wednesday . The stock 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 report on Tuesday, October 8th.

Goldman Sachs BDC Stock Performance

The stock has a fifty day moving average of $12.83 and a 200-day moving average of $13.83. The firm has a market capitalization of $1.39 billion, a P/E ratio of 16.94 and a beta of 1.06. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19.

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

Goldman Sachs BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be paid a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 15.18%. Goldman Sachs BDC’s payout ratio is currently 257.14%.

Hedge Funds Weigh In On Goldman Sachs BDC

Large investors have recently modified their holdings of the business. Capital Market Strategies LLC raised its holdings in Goldman Sachs BDC by 18.9% during the fourth quarter. Capital Market Strategies LLC now owns 137,993 shares of the financial services provider’s stock worth $1,670,000 after acquiring an additional 21,968 shares in the last quarter. Versant Capital Management Inc raised its stake 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 worth $161,000 after purchasing an additional 7,854 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Goldman Sachs BDC by 221.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider’s stock valued at $3,061,000 after buying an additional 153,316 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Goldman Sachs BDC in the third quarter valued at $1,101,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Goldman Sachs BDC by 149.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,275 shares during the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

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.