Goldman Sachs BDC (NYSE:GSBD) Reaches New 1-Year High at $15.82

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $15.82 and last traded at $15.71, with a volume of 44596 shares traded. The stock had previously closed at $15.61.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com lowered Goldman Sachs BDC from a "buy" rating to a "hold" rating in a report on Saturday, May 4th. Wells Fargo & Company upped their target price on Goldman Sachs BDC from $14.50 to $15.00 and gave the stock an "equal weight" rating in a research report on Monday, January 29th.

Goldman Sachs BDC Trading Up 0.1 %

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average price of $15.26 and a 200-day moving average price of $15.00. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 8.68 and a beta of 1.11.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last released its 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 business had revenue of $115.40 million during the quarter, compared to analyst estimates of $117.09 million. Research analysts predict that Goldman Sachs BDC, Inc. will post 2.18 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.52%. Goldman Sachs BDC's payout ratio is presently 100.00%.

Hedge Funds Weigh In On Goldman Sachs BDC

A number of large investors have recently modified their holdings of GSBD. Sage Rhino Capital LLC grew its position in shares of Goldman Sachs BDC by 92.9% during the 4th quarter. Sage Rhino Capital LLC now owns 168,570 shares of the financial services provider's stock worth $2,470,000 after buying an additional 81,172 shares during the period. Investment Partners Asset Management Inc. bought a new stake in shares of Goldman Sachs BDC during the 4th quarter valued at $1,211,000. Envestnet Asset Management Inc. acquired a new position in shares of Goldman Sachs BDC in the 3rd quarter valued at $4,285,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of Goldman Sachs BDC by 6.5% in 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 purchasing an additional 67,482 shares during the last quarter. Finally, Callodine Capital Management LP increased its holdings in Goldman Sachs BDC by 50.0% in the third quarter. Callodine Capital Management LP now owns 450,000 shares of the financial services provider's stock valued at $6,552,000 after purchasing an additional 150,000 shares during the last quarter. 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.