Goldman Sachs BDC (NYSE:GSBD) Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Goldman Sachs BDC (NYSE:GSBD) from a buy rating to a hold rating in a report published on Saturday.

Separately, Wells Fargo & Company raised their price objective on shares of Goldman Sachs BDC from $14.50 to $15.00 and gave the company an equal weight rating in a report on Monday, January 29th.

Goldman Sachs BDC Price Performance

Goldman Sachs BDC stock opened at $15.69 on Friday. The firm has a market capitalization of $1.76 billion, a P/E ratio of 8.72 and a beta of 1.11. The stock’s fifty day simple moving average is $15.25 and its 200-day simple moving average is $14.99. Goldman Sachs BDC has a twelve month low of $12.75 and a twelve month high of $15.80. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.14.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). Goldman Sachs BDC had a net margin of 43.06% and a return on equity of 15.05%. The company had revenue of $115.40 million during the quarter, compared to analyst estimates of $117.09 million. As a group, equities analysts expect that Goldman Sachs BDC will post 2.18 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Thursday, March 28th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 11.47%. The ex-dividend date of this dividend was Wednesday, March 27th. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 100.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in Goldman Sachs BDC during the 3rd quarter valued at about $383,000. Cambridge Investment Research Advisors Inc. increased its position in Goldman Sachs BDC by 4.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 30,484 shares of the financial services provider’s stock worth $444,000 after buying an additional 1,424 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of Goldman Sachs BDC in the third quarter worth $171,000. Sage Rhino Capital LLC lifted its position in shares of Goldman Sachs BDC by 43.5% in the third quarter. Sage Rhino Capital LLC now owns 87,398 shares of the financial services provider’s stock valued at $1,273,000 after acquiring an additional 26,498 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Goldman Sachs BDC by 1.9% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 373,312 shares of the financial services provider’s stock valued at $5,435,000 after acquiring an additional 6,969 shares during the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

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.