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

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

Goldman Sachs BDC Price Performance

Shares of NYSE:GSBD opened at $12.21 on Friday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 17.44 and a beta of 1.06. The business has a 50 day moving average price of $12.58 and a 200 day moving average price of $13.07. 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 has a twelve month low of $11.72 and a twelve month high of $15.94.

Goldman Sachs BDC Increases Dividend

The business also recently disclosed 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 is an increase 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 dividend yield of 5.24%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 224.56%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vision Financial Markets LLC acquired a new stake in Goldman Sachs BDC during the fourth quarter worth about $27,000. Farther Finance Advisors LLC lifted its position in shares of 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 acquiring an additional 1,981 shares during the period. Nomura Asset Management Co. Ltd. lifted its position 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 worth $29,000 after acquiring an additional 1,275 shares during the period. Quarry LP acquired a new stake in shares of Goldman Sachs BDC during the 4th quarter worth approximately $33,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Goldman Sachs BDC by 211.1% during 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 purchasing an additional 2,086 shares during the period. 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.