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

Goldman Sachs BDC, Inc. (NYSE:GSBD) shares reached a new 52-week low during trading on Monday . The stock traded as low as $11.39 and last traded at $11.54, with a volume of 273703 shares changing hands. The stock had previously closed at $11.63.

Analysts Set New Price Targets

Separately, StockNews.com raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Sunday, March 23rd.

Goldman Sachs BDC Stock Performance

The company’s 50 day simple moving average is $12.62 and its 200 day simple moving average is $12.96. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 16.55 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be issued a dividend of $0.16 per share. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 5.52%. Goldman Sachs BDC’s payout ratio is presently 224.56%.

Hedge Funds Weigh In On Goldman Sachs BDC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GSBD. Vision Financial Markets LLC bought a new position in shares of Goldman Sachs BDC during the 4th quarter valued at about $27,000. Nomura Asset Management Co. Ltd. boosted 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 in the last quarter. Quarry LP acquired a new position in Goldman Sachs BDC in the fourth quarter worth approximately $33,000. Tower Research Capital LLC TRC increased its holdings in shares of Goldman Sachs BDC by 211.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider’s stock valued at $37,000 after buying an additional 2,086 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in shares of Goldman Sachs BDC during the 4th quarter valued at $105,000. 28.72% of the stock is owned by 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.