Goldman Sachs BDC (NYSE:GSBD) Hits New 1-Year High at $15.82

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) reached a new 52-week high during trading on Thursday . The company traded as high as $15.82 and last traded at $15.71, with a volume of 44596 shares traded. The stock had previously closed at $15.61.

Analyst Ratings Changes

Several analysts recently issued reports on GSBD shares. Wells Fargo & Company upped their price objective on shares of Goldman Sachs BDC from $14.50 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. StockNews.com cut shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Saturday, May 4th.

Goldman Sachs BDC Stock Performance

The firm’s 50 day moving average price is $15.25 and its two-hundred day moving average price is $14.99. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $1.77 billion, a PE ratio of 8.67 and a beta of 1.11.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Wednesday, February 28th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $115.40 million for the quarter, compared to analyst estimates of $117.09 million. Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 43.06%. On average, research analysts forecast that Goldman Sachs BDC, Inc. will post 2.18 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Thursday, March 28th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 11.41%. The ex-dividend date was Wednesday, March 27th. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Trading of Goldman Sachs BDC

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in Goldman Sachs BDC during the third quarter worth about $383,000. Cambridge Investment Research Advisors Inc. raised its position in Goldman Sachs BDC by 4.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 30,484 shares of the financial services provider’s stock worth $444,000 after acquiring an additional 1,424 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Goldman Sachs BDC by 1.9% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 373,312 shares of the financial services provider’s stock worth $5,435,000 after acquiring an additional 6,969 shares during the last quarter. CFO4Life Group LLC grew its holdings in shares of Goldman Sachs BDC by 9.6% during the third quarter. CFO4Life Group LLC now owns 11,091 shares of the financial services provider’s stock worth $161,000 after buying an additional 973 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new stake in shares of Goldman Sachs BDC during the third quarter worth about $129,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

About Goldman Sachs BDC

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.