Goldman Sachs BDC (NYSE:GSBD) Hits New 12-Month Low - Time to Sell?

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $11.39 and last traded at $11.54, with a volume of 273703 shares changing hands. The stock had previously closed at $11.63.

Wall Street Analyst Weigh In

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

Goldman Sachs BDC Stock Down 6.9 %

The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 15.16 and a beta of 0.87. The business has a fifty day moving average price of $12.55 and a two-hundred day moving average price of $12.90.

Goldman Sachs BDC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be given a $0.16 dividend. This is a positive change from Goldman Sachs BDC's previous quarterly dividend of $0.05. This represents a $0.64 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend is Monday, March 31st. Goldman Sachs BDC's dividend payout ratio is presently 224.56%.

Hedge Funds Weigh In On Goldman Sachs BDC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Generali Asset Management SPA SGR acquired a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at $12,879,000. Raymond James Financial Inc. acquired a new position in shares of Goldman Sachs BDC during the 4th quarter valued at about $8,114,000. Trexquant Investment LP raised its stake in shares of Goldman Sachs BDC by 300.2% in the 4th quarter. Trexquant Investment LP now owns 349,927 shares of the financial services provider's stock valued at $4,234,000 after acquiring an additional 262,488 shares in the last quarter. First National Trust Co acquired a new stake in Goldman Sachs BDC in the 4th quarter worth approximately $2,680,000. Finally, JPMorgan Chase & Co. boosted its position in Goldman Sachs BDC by 221.7% during the third quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider's stock worth $3,061,000 after purchasing an additional 153,316 shares during the period. 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.