Goldman Sachs BDC (NYSE:GSBD) Shares Gap Down to $14.42

Goldman Sachs BDC, Inc. (NYSE:GSBD) shares gapped down prior to trading on Monday . The stock had previously closed at $14.42, but opened at $14.00. Goldman Sachs BDC shares last traded at $13.97, with a volume of 76,524 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GSBD. Wells Fargo & Company raised Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $14.00 to $12.00 in a report on Monday, August 12th. Truist Financial cut their price objective on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a report on Monday, August 12th. Finally, StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th.

Goldman Sachs BDC Trading Down 4.0 %

The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 7.51 and a beta of 1.07. The firm has a fifty day moving average price of $14.29 and a 200-day moving average price of $14.96. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.22 and a current ratio of 1.22.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, August 8th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. Goldman Sachs BDC had a net margin of 19.84% and a return on equity of 15.79%. The firm had revenue of $108.62 million for the quarter, compared to analyst estimates of $112.07 million. As a group, equities analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, September 30th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.00%. The ex-dividend date is Monday, September 30th. Goldman Sachs BDC’s dividend payout ratio is presently 93.75%.

Hedge Funds Weigh In On Goldman Sachs BDC

A number of institutional investors have recently modified their holdings of GSBD. Steward Partners Investment Advisory LLC grew its position in Goldman Sachs BDC by 0.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 143,996 shares of the financial services provider’s stock valued at $2,110,000 after acquiring an additional 882 shares during the last quarter. Evoke Wealth LLC grew its holdings in shares of Goldman Sachs BDC by 117.9% during the 4th quarter. Evoke Wealth LLC now owns 61,000 shares of the financial services provider’s stock valued at $921,000 after purchasing an additional 33,000 shares during the last quarter. Virtu Financial LLC acquired a new position in Goldman Sachs BDC during the 4th quarter worth approximately $181,000. Creekmur Asset Management LLC bought a new position in Goldman Sachs BDC in the 4th quarter valued at approximately $45,000. Finally, Tucker Asset Management LLC acquired a new stake in Goldman Sachs BDC in the fourth quarter valued at approximately $65,000. Institutional investors and hedge funds 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.