Goldman Sachs BDC (NYSE:GSBD) Shares Gap Down to $14.42

Goldman Sachs BDC, Inc. (NYSE:GSBD) gapped down before the market opened on Monday . The stock had previously closed at $14.42, but opened at $14.00. Goldman Sachs BDC shares last traded at $13.97, with a volume of 76,524 shares traded.

Analyst Ratings Changes

Several research firms have recently weighed in on GSBD. StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Wednesday, September 25th. Truist Financial reduced their price target on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a report on Monday, August 12th. Finally, Wells Fargo & Company upgraded shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $14.00 to $12.00 in a report on Monday, August 12th.

Goldman Sachs BDC Stock Performance

The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 7.51 and a beta of 1.07. The stock has a 50-day moving average of $14.29 and a 200-day moving average of $14.96. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.22 and a current ratio of 1.22.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. Goldman Sachs BDC had a net margin of 19.84% and a return on equity of 15.79%. The company had revenue of $108.62 million for the quarter, compared to the consensus estimate of $112.07 million. As a group, analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, September 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.00%. Goldman Sachs BDC’s dividend payout ratio is 93.75%.

Institutional Trading of Goldman Sachs BDC

Hedge funds and other institutional investors have recently modified their holdings of the stock. SeaCrest Wealth Management LLC grew its position in shares of Goldman Sachs BDC by 3.0% in the 1st quarter. SeaCrest Wealth Management LLC now owns 26,016 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 767 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Goldman Sachs BDC by 0.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 143,996 shares of the financial services provider’s stock valued at $2,110,000 after buying an additional 882 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in shares of Goldman Sachs BDC by 11.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 11,500 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 1,146 shares during the period. Centaurus Financial Inc. increased its holdings in shares of Goldman Sachs BDC by 15.9% during the 2nd quarter. Centaurus Financial Inc. now owns 9,584 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 1,316 shares during the last quarter. Finally, ProShare Advisors LLC raised its stake in Goldman Sachs BDC by 11.2% in the 2nd quarter. ProShare Advisors LLC now owns 17,113 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 1,723 shares during the period. 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.