Goldman Sachs BDC (NYSE:GSBD) Downgraded by StockNews.com to Sell

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

Goldman Sachs BDC Price Performance

GSBD opened at $12.32 on Tuesday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 17.61 and a beta of 1.06. Goldman Sachs BDC has a fifty-two week low of $11.72 and a fifty-two week high of $15.94. The company’s 50-day moving average price is $12.62 and its 200 day moving average price is $13.18. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be paid a dividend of $0.16 per share. This is a positive change 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 5.19%. Goldman Sachs BDC’s dividend payout ratio is 224.56%.

Institutional Investors Weigh In On Goldman Sachs BDC

Several institutional investors and hedge funds have recently bought and sold shares of GSBD. Wealth Enhancement Advisory Services LLC raised its stake in Goldman Sachs BDC by 50.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 30,356 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 10,161 shares during the period. Farther Finance Advisors LLC grew its position in Goldman Sachs BDC by 4,607.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 1,981 shares during the last quarter. United Advisor Group LLC grew its position in Goldman Sachs BDC by 3.1% in the 3rd quarter. United Advisor Group LLC now owns 132,377 shares of the financial services provider’s stock worth $1,822,000 after purchasing an additional 3,980 shares during the last quarter. Maia Wealth LLC bought a new position in Goldman Sachs BDC in the 3rd quarter worth about $368,000. Finally, Blake Schutter Theil Wealth Advisors LLC bought a new position in Goldman Sachs BDC in the 3rd quarter worth about $405,000. Institutional investors and hedge funds 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.