Goldman Sachs BDC (NYSE:GSBD) Stock Price Down 2.9%

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) shares traded down 2.9% during trading on Friday . The stock traded as low as $15.16 and last traded at $15.19. 110,865 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 603,842 shares. The stock had previously closed at $15.65.

Analyst Ratings Changes

GSBD has been the topic of several recent analyst reports. StockNews.com lowered shares of Goldman Sachs BDC from a "buy" rating to a "hold" rating in a report on Monday, May 20th. Wells Fargo & Company downgraded shares of Goldman Sachs BDC from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $15.00 to $14.00 in a research note on Wednesday, May 29th.

Goldman Sachs BDC Stock Performance

The stock has a 50-day simple moving average of $15.45 and a 200-day simple moving average of $15.22. The stock has a market cap of $1.69 billion, a PE ratio of 7.83 and a beta of 1.08. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.24 and a quick ratio of 1.24.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last issued its earnings results on Tuesday, May 7th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.01). Goldman Sachs BDC had a return on equity of 15.68% and a net margin of 45.80%. The firm had revenue of $111.54 million for the quarter, compared to analysts' expectations of $115.33 million. Equities analysts predict that Goldman Sachs BDC, Inc. will post 2.14 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.97%. The ex-dividend date of this dividend is Friday, June 28th. Goldman Sachs BDC's dividend payout ratio is presently 93.75%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GSBD. WFA Asset Management Corp purchased a new stake in shares of Goldman Sachs BDC during the 1st quarter valued at about $29,000. Signaturefd LLC acquired a new position in shares of Goldman Sachs BDC during the fourth quarter worth $40,000. Register Financial Advisors LLC acquired a new position in shares of Goldman Sachs BDC during the first quarter worth $41,000. Creekmur Asset Management LLC purchased a new position in shares of Goldman Sachs BDC in the fourth quarter valued at $45,000. Finally, CWM LLC grew its holdings in Goldman Sachs BDC by 75.0% during the 4th quarter. CWM LLC now owns 3,500 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 1,500 shares in the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

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.