Goldman Sachs BDC (NYSE:GSBD) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Goldman Sachs BDC, Inc. (NYSE:GSBDGet Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.35 and traded as high as $10.08. Goldman Sachs BDC shares last traded at $9.91, with a volume of 679,544 shares trading hands.

Wall Street Analysts Forecast Growth

GSBD has been the topic of a number of analyst reports. Bank of America reaffirmed an “underperform” rating and set a $8.50 price objective (down from $9.00) on shares of Goldman Sachs BDC in a report on Thursday, July 9th. Zacks Research upgraded shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Truist Financial upped their price objective on shares of Goldman Sachs BDC from $9.00 to $10.00 and gave the company a “hold” rating in a report on Monday, August 10th. Wall Street Zen upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, The Goldman Sachs Group cut shares of Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 price objective for the company. in a research note on Thursday, July 9th. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Goldman Sachs BDC presently has an average rating of “Reduce” and an average target price of $8.75.

Read Our Latest Report on Goldman Sachs BDC

Goldman Sachs BDC Price Performance

The business has a 50 day moving average of $9.36 and a 200 day moving average of $9.27. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market cap of $1.12 billion, a PE ratio of 19.19 and a beta of 0.60.

Goldman Sachs BDC (NYSE:GSBDGet Free Report) last released its earnings results on Thursday, August 6th. The financial services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Goldman Sachs BDC had a return on equity of 11.04% and a net margin of 17.19%.The company had revenue of $35.08 million during the quarter, compared to analysts’ expectations of $78.89 million. As a group, research analysts predict that Goldman Sachs BDC, Inc. will post 1.29 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.32 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.28 dividend on an annualized basis and a yield of 12.8%. Goldman Sachs BDC’s payout ratio is presently 246.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in Goldman Sachs BDC during the 4th quarter valued at $57,000. Quantbot Technologies LP bought a new stake in shares of Goldman Sachs BDC during the 2nd quarter valued at $62,000. SHP Wealth Management bought a new stake in Goldman Sachs BDC during the fourth quarter valued at about $63,000. Advisory Services Network LLC purchased a new stake in Goldman Sachs BDC in the 3rd quarter worth approximately $68,000. Finally, OpenArc Corporate Advisory LLC purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter worth $109,000. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Company Profile

(Get Free Report)

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.

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