Goldman Sachs BDC (NYSE:GSBD) Sees Unusually-High Trading Volume - Still a Buy?

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 1,011,298 shares changed hands during mid-day trading, an increase of 48% from the previous session's volume of 682,024 shares.The stock last traded at $12.04 and had previously closed at $12.24.

Analyst Ratings Changes

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

Goldman Sachs BDC Trading Down 4.6 %

The stock has a 50 day simple moving average of $12.99 and a 200-day simple moving average of $13.97. 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 firm has a market capitalization of $1.42 billion, a P/E ratio of 17.29 and a beta of 1.06.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share 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 analysts' expectations 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 quarter last year, the company posted $0.64 EPS. On average, equities research analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 14.88%. The ex-dividend date of this dividend is Tuesday, December 31st. Goldman Sachs BDC's dividend payout ratio is currently 257.14%.

Institutional Investors Weigh In On Goldman Sachs BDC

A number of institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp lifted 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 worth $36,408,000 after buying an additional 255,458 shares in the last quarter. Marshall Wace LLP purchased a new stake in Goldman Sachs BDC in the 2nd quarter worth $18,533,000. Envestnet Asset Management Inc. lifted its stake in Goldman Sachs BDC by 17.9% in 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 grew its position in shares of Goldman Sachs BDC by 8.9% during the second quarter. Cetera Investment Advisers now owns 422,010 shares of the financial services provider's stock valued at $6,343,000 after purchasing an additional 34,631 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Goldman Sachs BDC by 2,121.3% in 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. 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.