Goldman Sachs BDC (NYSE:GSBD) Sets New 1-Year High at $15.66

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) 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 changing hands. The stock had previously closed at $15.48.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GSBD shares. Wells Fargo & Company upped their price objective on 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. StockNews.com lowered Goldman Sachs BDC from a "buy" rating to a "hold" rating in a research note on Saturday, March 9th.

Goldman Sachs BDC Stock Performance

The firm has a market capitalization of $1.76 billion, a P/E ratio of 8.71 and a beta of 1.13. The stock has a 50-day moving average of $15.21 and a 200 day moving average of $14.88. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.13 and a current ratio of 1.13.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.02). The business had revenue of $115.40 million for the quarter, compared to the consensus estimate of $117.09 million. Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 43.06%. On average, research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.18 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 11.48%. The ex-dividend date of this dividend is Wednesday, March 27th. Goldman Sachs BDC's dividend payout ratio is 100.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Investment Partners Asset Management Inc. acquired a new position in Goldman Sachs BDC during the 4th quarter worth $1,211,000. Envestnet Asset Management Inc. acquired a new position in Goldman Sachs BDC during the 3rd quarter worth $4,285,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Goldman Sachs BDC by 6.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,107,581 shares of the financial services provider's stock worth $16,226,000 after buying an additional 67,482 shares in the last quarter. Callodine Capital Management LP lifted its holdings in Goldman Sachs BDC by 50.0% during the 3rd quarter. Callodine Capital Management LP now owns 450,000 shares of the financial services provider's stock worth $6,552,000 after buying an additional 150,000 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its holdings in Goldman Sachs BDC by 38.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 25,249 shares of the financial services provider's stock worth $374,000 after buying an additional 7,074 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.