Goldman Sachs BDC (NYSE:GSBD) Downgraded by StockNews.com

StockNews.com lowered shares of Goldman Sachs BDC (NYSE:GSBD) from a hold rating to a sell rating in a research report released on Tuesday morning.

GSBD has been the subject of a number of other reports. Truist Financial cut their price objective on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a hold rating for the company in a report on Monday, August 12th. Wells Fargo & Company upgraded shares of Goldman Sachs BDC from an underweight rating to an equal weight rating and dropped their target price for the stock from $14.00 to $12.00 in a research report on Monday, August 12th.

Goldman Sachs BDC Stock Down 0.2 %

GSBD opened at $14.35 on Tuesday. Goldman Sachs BDC has a fifty-two week low of $13.39 and a fifty-two week high of $15.94. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 7.47 and a beta of 1.07. The firm’s fifty day moving average is $14.41 and its 200 day moving average is $15.01.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.57 EPS for the quarter, beating 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 business had revenue of $108.62 million for the quarter, compared to the consensus estimate of $112.07 million. On average, sell-side analysts forecast that Goldman Sachs BDC will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be issued 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 12.55%. Goldman Sachs BDC’s dividend payout ratio (DPR) is 93.75%.

Institutional Investors Weigh In On Goldman Sachs BDC

Large investors have recently bought and sold shares of the business. Norden Group LLC lifted its position in Goldman Sachs BDC by 1,000.5% during the first quarter. Norden Group LLC now owns 119,304 shares of the financial services provider’s stock valued at $1,787,000 after purchasing an additional 108,463 shares during the last quarter. Shikiar Asset Management Inc. lifted its holdings in shares of Goldman Sachs BDC by 16.1% in the 2nd quarter. Shikiar Asset Management Inc. now owns 554,290 shares of the financial services provider’s stock valued at $8,331,000 after acquiring an additional 76,715 shares during the last quarter. Confluence Investment Management LLC purchased a new position in Goldman Sachs BDC in the first quarter worth about $2,786,000. Naviter Wealth LLC bought a new stake in Goldman Sachs BDC during the first quarter worth approximately $1,304,000. Finally, Cetera Advisors LLC raised its position in Goldman Sachs BDC by 762.7% during the first quarter. Cetera Advisors LLC now owns 136,015 shares of the financial services provider’s stock valued at $2,038,000 after purchasing an additional 120,249 shares during the period. Institutional investors own 28.72% of the company’s stock.

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.