Goldman Sachs BDC (NYSE:GSBD) Sets New 1-Year Low - Time to Sell?

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as $13.38 and last traded at $13.40, with a volume of 288743 shares changing hands. The stock had previously closed at $13.48.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GSBD shares. Wells Fargo & Company raised Goldman Sachs BDC from an "underweight" rating to an "equal weight" rating and lowered their price objective for the company from $14.00 to $12.00 in a report on Monday, August 12th. StockNews.com raised Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Tuesday, October 8th. Finally, Truist Financial lowered their price objective on Goldman Sachs BDC from $16.00 to $14.00 and set a "hold" rating on the stock in a report on Monday, August 12th.

Goldman Sachs BDC Price Performance

The company has a 50 day moving average price of $13.95 and a 200 day moving average price of $14.78. The firm has a market cap of $1.51 billion, a PE ratio of 7.01 and a beta of 1.07. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.22.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. Goldman Sachs BDC had a return on equity of 15.79% and a net margin of 19.84%. The firm had revenue of $108.62 million during the quarter, compared to the consensus estimate of $112.07 million. On average, sell-side analysts expect that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, September 30th. This represents a $1.80 annualized dividend and a dividend yield of 13.38%. Goldman Sachs BDC's dividend payout ratio is currently 93.75%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. WFA Asset Management Corp acquired a new position in shares of Goldman Sachs BDC during the 1st quarter worth approximately $29,000. Register Financial Advisors LLC acquired a new position in Goldman Sachs BDC in the 1st quarter valued at $41,000. Rothschild Investment LLC acquired a new position in Goldman Sachs BDC in the 2nd quarter valued at $113,000. Zions Bancorporation N.A. acquired a new position in Goldman Sachs BDC in the 2nd quarter valued at $128,000. Finally, Centaurus Financial Inc. raised its holdings in Goldman Sachs BDC by 15.9% in the 2nd quarter. Centaurus Financial Inc. now owns 9,584 shares of the financial services provider's stock valued at $144,000 after acquiring an additional 1,316 shares during the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

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.