Goldman Sachs BDC (NYSE:GSBD) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Goldman Sachs BDC (NYSE:GSBD) from a hold rating to a sell rating in a research report released on Tuesday.

Goldman Sachs BDC Stock Performance

Shares of GSBD stock opened at $12.32 on Tuesday. Goldman Sachs BDC has a 12 month low of $11.72 and a 12 month high of $15.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $1.45 billion, a P/E ratio of 17.61 and a beta of 1.06. The company’s fifty day moving average price is $12.62 and its two-hundred day moving average price is $13.18.

Goldman Sachs BDC Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date is Monday, March 31st. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.05. Goldman Sachs BDC’s dividend payout ratio is 224.56%.

Institutional Investors Weigh In On Goldman Sachs BDC

A number of institutional investors have recently modified their holdings of the stock. Stephens Inc. AR raised its stake in shares of Goldman Sachs BDC by 2.7% in the 4th quarter. Stephens Inc. AR now owns 30,166 shares of the financial services provider’s stock valued at $365,000 after purchasing an additional 785 shares in the last quarter. Founders Financial Alliance LLC raised its stake in shares of Goldman Sachs BDC by 3.0% in the 4th quarter. Founders Financial Alliance LLC now owns 37,495 shares of the financial services provider’s stock valued at $454,000 after purchasing an additional 1,104 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Goldman Sachs BDC by 10.9% in the 4th quarter. Captrust Financial Advisors now owns 11,861 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 1,165 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Goldman Sachs BDC by 149.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,275 shares in the last quarter. Finally, Mandatum Life Insurance Co Ltd raised its stake in shares of Goldman Sachs BDC by 3.3% in the 4th quarter. Mandatum Life Insurance Co Ltd now owns 41,675 shares of the financial services provider’s stock valued at $504,000 after purchasing an additional 1,327 shares in the last quarter. 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.