Goldman Sachs BDC (NYSE:GSBD) Sets New 12-Month Low - Here's Why

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $12.67 and last traded at $12.75, with a volume of 179615 shares trading hands. The stock had previously closed at $12.70.

Analysts Set New Price Targets

Separately, StockNews.com raised Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, October 8th.

Goldman Sachs BDC Price Performance

The stock has a market capitalization of $1.50 billion, a P/E ratio of 18.27 and a beta of 1.06. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. The company's 50-day simple moving average is $13.16 and its 200-day simple moving average is $14.15.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last issued its earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $110.41 million during the quarter, compared to the consensus estimate 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 last year, the business posted $0.64 EPS. As a group, sell-side analysts expect that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 14.07%. Goldman Sachs BDC's dividend payout ratio is currently 257.14%.

Institutional Investors Weigh In On Goldman Sachs BDC

Several hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in shares of Goldman Sachs BDC by 10.4% in 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 last quarter. Marshall Wace LLP bought a new position in Goldman Sachs BDC in the 2nd quarter valued at about $18,533,000. J.W. Cole Advisors Inc. acquired a new stake in Goldman Sachs BDC during the third quarter worth approximately $526,000. Naviter Wealth LLC boosted its holdings in shares of Goldman Sachs BDC by 55.3% during the second quarter. Naviter Wealth LLC now owns 131,241 shares of the financial services provider's stock worth $2,032,000 after acquiring an additional 46,760 shares during the period. Finally, HB Wealth Management LLC grew its position in shares of Goldman Sachs BDC by 18.1% in the second quarter. HB Wealth Management LLC now owns 302,998 shares of the financial services provider's stock valued at $4,554,000 after purchasing an additional 46,369 shares during the last quarter. 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.