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

Goldman Sachs BDC logo with Finance background

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report)'s share price hit a new 52-week low on Wednesday . The stock traded as low as $11.85 and last traded at $11.90, with a volume of 458281 shares traded. The stock had previously closed at $12.01.

Analyst Upgrades and Downgrades

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

View Our Latest Report on GSBD

Goldman Sachs BDC Stock Down 0.8 %

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 $1.40 billion, a PE ratio of 17.01 and a beta of 1.06. The business's 50 day moving average price is $12.79 and its 200-day moving average price is $13.82.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. The company had revenue of $110.41 million for the quarter, compared to analysts' expectations of $112.43 million. During the same period in the prior year, the firm earned $0.64 earnings per share. As a group, equities research analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 15.11%. The ex-dividend date of this dividend is Tuesday, December 31st. Goldman Sachs BDC's dividend payout ratio (DPR) is 257.14%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp boosted its position in Goldman Sachs BDC by 10.4% in the 3rd quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider's stock valued at $36,408,000 after buying an additional 255,458 shares during the period. Marshall Wace LLP acquired a new stake in shares of Goldman Sachs BDC in the second quarter valued at $18,533,000. Envestnet Asset Management Inc. grew its stake in Goldman Sachs BDC by 17.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 523,071 shares of the financial services provider's stock worth $7,862,000 after purchasing an additional 79,315 shares in the last quarter. Cetera Investment Advisers increased its holdings in Goldman Sachs BDC by 8.9% during the 2nd quarter. Cetera Investment Advisers now owns 422,010 shares of the financial services provider's stock worth $6,343,000 after purchasing an additional 34,631 shares during the period. Finally, International Assets Investment Management LLC raised its position in Goldman Sachs BDC by 2,121.3% in the 3rd quarter. International Assets Investment Management LLC now owns 329,200 shares of the financial services provider's stock valued at $45,300,000 after purchasing an additional 314,380 shares in the last quarter. Institutional investors and hedge funds own 28.72% of the company's stock.

Goldman Sachs BDC Company Profile

(Get Free Report)

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.

Further Reading

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