Goldman Sachs BDC (NYSE:GSBD) Sets New 52-Week Low – Time to Sell?

Goldman Sachs BDC, Inc. (NYSE:GSBD)’s share price reached a new 52-week low on Monday . The company traded as low as $12.63 and last traded at $12.68, with a volume of 320678 shares. The stock had previously closed at $12.79.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th.

Goldman Sachs BDC Stock Down 0.5 %

The business’s fifty day moving average price is $13.01 and its two-hundred day moving average price is $13.99. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $1.49 billion, a P/E ratio of 18.19 and a beta of 1.06.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $110.41 million for 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 previous year, the company earned $0.64 earnings per share. Equities analysts expect that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 14.14%. The ex-dividend date of this dividend is Tuesday, December 31st. Goldman Sachs BDC’s payout ratio is currently 257.14%.

Institutional Investors Weigh In On Goldman Sachs BDC

A number of institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP purchased a new position in Goldman Sachs BDC during the 2nd quarter worth approximately $18,533,000. International Assets Investment Management LLC raised its holdings in shares of Goldman Sachs BDC by 2,121.3% during the third quarter. International Assets Investment Management LLC now owns 329,200 shares of the financial services provider’s stock worth $45,300,000 after purchasing an additional 314,380 shares during the last quarter. Van ECK Associates Corp lifted its position in Goldman Sachs BDC by 10.4% during the third quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider’s stock valued at $36,408,000 after purchasing an additional 255,458 shares during the period. JPMorgan Chase & Co. boosted its holdings in Goldman Sachs BDC by 221.7% in the third quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider’s stock valued at $3,061,000 after purchasing an additional 153,316 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Goldman Sachs BDC during the 3rd quarter worth about $1,101,000. 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.