Goldman Sachs BDC (NYSE:GSBD) Reaches New 1-Year Low - Here's What Happened

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $9.80 and last traded at $10.08, with a volume of 928798 shares. The stock had previously closed at $10.59.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Sunday, March 23rd.

Goldman Sachs BDC Stock Down 1.2 %

The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The company has a fifty day simple moving average of $12.14 and a 200-day simple moving average of $12.67. The firm has a market cap of $1.18 billion, a P/E ratio of 14.39 and a beta of 0.87.

Goldman Sachs BDC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 6.35%. This is a positive change from Goldman Sachs BDC's previous quarterly dividend of $0.05. The ex-dividend date is Monday, March 31st. Goldman Sachs BDC's dividend payout ratio is currently 224.56%.

Hedge Funds Weigh In On Goldman Sachs BDC

Large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in shares of Goldman Sachs BDC by 1.0% in the fourth quarter. Van ECK Associates Corp now owns 2,732,785 shares of the financial services provider's stock valued at $33,066,000 after acquiring an additional 25,888 shares in the last quarter. Invesco Ltd. lifted its holdings in Goldman Sachs BDC by 11.9% in the 4th quarter. Invesco Ltd. now owns 1,095,489 shares of the financial services provider's stock worth $13,255,000 after purchasing an additional 116,154 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in Goldman Sachs BDC in the 4th quarter worth approximately $12,879,000. Advisors Capital Management LLC grew its stake in Goldman Sachs BDC by 4.6% during the fourth quarter. Advisors Capital Management LLC now owns 775,035 shares of the financial services provider's stock valued at $9,378,000 after acquiring an additional 34,222 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Goldman Sachs BDC in the fourth quarter worth about $8,114,000. Hedge funds and other 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.