Goldman Sachs BDC (NYSE:GSBD) Sets New 12-Month High at $15.66

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

Wall Street Analyst Weigh In

GSBD has been the topic of several research analyst reports. Wells Fargo & Company increased 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 research report on Monday, January 29th. StockNews.com cut Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Saturday, March 9th.

Goldman Sachs BDC Stock Performance

The stock has a market cap of $1.76 billion, a P/E ratio of 8.60 and a beta of 1.13. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.14. The stock has a 50 day simple moving average of $15.20 and a 200 day simple moving average of $14.88.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results 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 net margin of 43.06% and a return on equity of 15.05%. The firm had revenue of $115.40 million during the quarter, compared to the consensus estimate of $117.09 million. On average, equities analysts expect that Goldman Sachs BDC, Inc. will post 2.18 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Thursday, March 28th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.49%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 100.00%.

Hedge Funds Weigh In On Goldman Sachs BDC

A number of institutional investors and hedge funds have recently bought and sold shares of GSBD. WFA Asset Management Corp acquired a new stake in shares of Goldman Sachs BDC in the first quarter valued at about $29,000. Signaturefd LLC acquired a new position in shares of Goldman Sachs BDC in the 4th quarter worth approximately $40,000. Register Financial Advisors LLC bought a new position in Goldman Sachs BDC during the first quarter worth $41,000. Creekmur Asset Management LLC bought a new stake in Goldman Sachs BDC during the fourth quarter valued at $45,000. Finally, CWM LLC raised its position in shares of 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. Institutional investors and hedge funds 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.