Goldman Sachs BDC (NYSE:GSBD) Hits New 52-Week High at $15.66

Goldman Sachs BDC, Inc. (NYSE:GSBD) reached a new 52-week high on Friday . The stock traded as high as $15.66 and last traded at $15.64, with a volume of 226129 shares trading hands. The stock had previously closed at $15.48.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. StockNews.com raised Goldman Sachs BDC from a “hold” rating to a “buy” rating in a report on Friday. Wells Fargo & Company upped their price target on shares of Goldman Sachs BDC from $14.50 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th.

Goldman Sachs BDC Stock Performance

The firm has a market capitalization of $1.76 billion, a PE ratio of 8.72 and a beta of 1.13. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50-day simple moving average of $15.21 and a 200-day simple moving average of $14.89.

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

Goldman Sachs BDC Announces Dividend

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

Hedge Funds Weigh In On Goldman Sachs BDC

Large investors have recently bought and sold shares of the business. WFA Asset Management Corp purchased a new stake in Goldman Sachs BDC in the first quarter worth $29,000. Signaturefd LLC bought a new stake in Goldman Sachs BDC during the 4th quarter valued at about $40,000. Register Financial Advisors LLC bought a new stake in Goldman Sachs BDC during the 1st quarter valued at about $41,000. Creekmur Asset Management LLC purchased a new stake in Goldman Sachs BDC in the 4th quarter valued at about $45,000. Finally, CWM LLC grew its stake in Goldman Sachs BDC by 75.0% in the 4th quarter. CWM LLC now owns 3,500 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.

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.