Goldman Sachs BDC (NYSE:GSBD) Reaches New 52-Week High at $15.66

Goldman Sachs BDC, Inc. (NYSE:GSBD) reached a new 52-week high on Friday . The company 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

A number of brokerages have weighed in on GSBD. StockNews.com upgraded Goldman Sachs BDC from a “hold” rating to a “buy” rating in a research report on Friday. Wells Fargo & Company lifted their price target on shares of 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 Stock Up 1.4 %

The firm’s 50 day moving average price is $15.21 and its two-hundred day moving average price is $14.89. 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 company has a market capitalization of $1.76 billion, a P/E ratio of 8.72 and a beta of 1.13.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly 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 company had revenue of $115.40 million for the quarter, compared to analyst estimates of $117.09 million. Equities research analysts forecast that Goldman Sachs BDC, Inc. will post 2.18 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Thursday, March 28th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a yield of 11.47%. Goldman Sachs BDC’s dividend payout ratio (DPR) is 100.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GSBD. WFA Asset Management Corp acquired a new position in Goldman Sachs BDC during the first quarter valued at approximately $29,000. Signaturefd LLC acquired a new stake in Goldman Sachs BDC during the 4th quarter worth about $40,000. Register Financial Advisors LLC acquired a new stake in shares of Goldman Sachs BDC during the 1st quarter worth approximately $41,000. Creekmur Asset Management LLC bought a new stake in Goldman Sachs BDC in the 4th quarter valued at about $45,000. Finally, CWM LLC raised its holdings in Goldman Sachs BDC by 75.0% during the fourth quarter. CWM LLC now owns 3,500 shares of the financial services provider’s stock worth $51,000 after buying an additional 1,500 shares during the last quarter. 28.72% of the stock is 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.