Goldman Sachs BDC (NYSE:GSBD) Hits New 1-Year Low – Should You Sell?

Goldman Sachs BDC, Inc. (NYSE:GSBD)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $12.67 and last traded at $12.74, with a volume of 733544 shares. The stock had previously closed at $12.77.

Analyst Upgrades and Downgrades

GSBD has been the topic of several analyst reports. StockNews.com raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Truist Financial decreased their price objective on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, August 12th. Finally, Wells Fargo & Company raised shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $14.00 to $12.00 in a research note on Monday, August 12th.

Goldman Sachs BDC Price Performance

The company has a market cap of $1.50 billion, a PE ratio of 18.24 and a beta of 1.07. The business has a 50 day moving average of $13.64 and a 200 day moving average of $14.52. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $110.41 million during the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.64 EPS. As a group, research analysts predict that Goldman Sachs BDC, Inc. will post 2.18 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 14.10%. Goldman Sachs BDC’s payout ratio is 257.15%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of Goldman Sachs BDC by 4,607.0% during the third quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 1,981 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position 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 valued at $29,000 after buying an additional 1,275 shares during the period. WFA Asset Management Corp bought a new stake in shares of Goldman Sachs BDC during the 3rd quarter valued at $33,000. Rothschild Investment LLC purchased a new stake in shares of Goldman Sachs BDC in the 2nd quarter worth about $113,000. Finally, Zions Bancorporation N.A. bought a new position in shares of Goldman Sachs BDC in the 2nd quarter worth about $128,000. Institutional investors own 28.72% of the company’s stock.

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.