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

StockNews.com upgraded shares of Goldman Sachs BDC (NYSE:GSBD) from a sell rating to a hold rating in a report issued on Sunday morning.

Goldman Sachs BDC Stock Performance

Shares of NYSE GSBD opened at $12.26 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The firm’s 50-day moving average price is $12.61 and its two-hundred day moving average price is $13.01. Goldman Sachs BDC has a 52-week low of $11.72 and a 52-week high of $15.94. The stock has a market capitalization of $1.44 billion, a P/E ratio of 17.51 and a beta of 1.06.

Goldman Sachs BDC Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date is Monday, March 31st. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.05. Goldman Sachs BDC’s payout ratio is 224.56%.

Institutional Investors Weigh In On Goldman Sachs BDC

A number of hedge funds have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. raised its holdings in Goldman Sachs BDC by 149.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,275 shares in the last quarter. Vision Financial Markets LLC bought a new stake in Goldman Sachs BDC during the fourth quarter worth approximately $27,000. Quarry LP bought a new stake in Goldman Sachs BDC during the fourth quarter worth approximately $33,000. Tower Research Capital LLC TRC raised its holdings in Goldman Sachs BDC by 211.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 2,086 shares in the last quarter. Finally, Transce3nd LLC bought a new stake in Goldman Sachs BDC during the fourth quarter worth approximately $105,000. Institutional investors own 28.72% of the company’s stock.

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.