Goldman Sachs BDC (NYSE:GSBD) Stock Price Crosses Below 200 Day Moving Average of $15.27

Goldman Sachs BDC, Inc. (NYSE:GSBD)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.27 and traded as low as $15.04. Goldman Sachs BDC shares last traded at $15.13, with a volume of 625,388 shares changing hands.

Analyst Ratings Changes

Several brokerages have weighed in on GSBD. StockNews.com downgraded Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Wells Fargo & Company downgraded Goldman Sachs BDC from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $15.00 to $14.00 in a research note on Wednesday, May 29th.

Goldman Sachs BDC Trading Up 0.5 %

The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 7.88 and a beta of 1.08. The firm has a 50-day moving average price of $15.35 and a 200-day moving average price of $15.27. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.12.

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

Goldman Sachs BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, June 28th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 11.90%. The ex-dividend date of this dividend was Friday, June 28th. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 93.75%.

Hedge Funds Weigh In On Goldman Sachs BDC

Hedge funds have recently modified their holdings of the company. Norden Group LLC increased its position in shares of Goldman Sachs BDC by 1,000.5% during the 1st 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 period. Confluence Investment Management LLC acquired a new position in shares of Goldman Sachs BDC in the 1st quarter worth $2,786,000. Naviter Wealth LLC acquired a new position in shares of Goldman Sachs BDC in the 1st quarter worth $1,304,000. Sage Rhino Capital LLC grew its holdings in shares of Goldman Sachs BDC by 92.9% in the 4th quarter. Sage Rhino Capital LLC now owns 168,570 shares of the financial services provider’s stock worth $2,470,000 after acquiring an additional 81,172 shares during the last quarter. Finally, Investment Partners Asset Management Inc. acquired a new position in shares of Goldman Sachs BDC in the 4th quarter worth $1,211,000. 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.