Goldman Sachs BDC (NYSE:GSBD) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Goldman Sachs BDC, Inc. (NYSE:GSBDGet Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.44 and traded as high as $10.18. Goldman Sachs BDC shares last traded at $9.9750, with a volume of 1,000,197 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GSBD shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Goldman Sachs BDC in a research report on Friday, August 28th. Bank of America reaffirmed an “underperform” rating and set a $8.50 price target (down from $9.00) on shares of Goldman Sachs BDC in a research report on Thursday, July 9th. Truist Financial increased their price objective on 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 shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Zacks Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $8.75.

Check Out Our Latest Stock Report on Goldman Sachs BDC

Goldman Sachs BDC Trading Down 3.0%

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 business has a 50-day simple moving average of $9.46 and a two-hundred day simple moving average of $9.31. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 18.64 and a beta of 0.60.

Goldman Sachs BDC (NYSE:GSBDGet Free Report) last issued its earnings results on Thursday, August 6th. The financial services provider reported $0.37 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $78.89 million. Equities analysts forecast that Goldman Sachs BDC, Inc. will post 1.29 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, September 30th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.28 annualized dividend and a dividend yield of 13.2%. Goldman Sachs BDC’s dividend payout ratio is presently 246.15%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GSBD. Saxon Interests Inc. grew its holdings in Goldman Sachs BDC by 0.8% in the 1st quarter. Saxon Interests Inc. now owns 122,912 shares of the financial services provider’s stock valued at $1,091,000 after buying an additional 1,032 shares in the last quarter. Sovran Advisors LLC grew its position in shares of Goldman Sachs BDC by 14.4% during the 1st quarter. Sovran Advisors LLC now owns 14,245 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 1,790 shares in the last quarter. Southern Financial Group LLC grew its position in shares of Goldman Sachs BDC by 11.1% during the 1st quarter. Southern Financial Group LLC now owns 18,110 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 1,806 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Goldman Sachs BDC by 3.9% during the first quarter. Arkadios Wealth Advisors now owns 54,217 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 2,047 shares during the period. Finally, PFG Investments LLC increased its holdings in shares of Goldman Sachs BDC by 3.3% during the first quarter. PFG Investments LLC now owns 72,858 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 2,319 shares during the period. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Company Profile

(Get Free Report)

Goldman Sachs BDC, Inc (NYSE: GSBD) is a business development company that invests in privately held, middle-market businesses. The company seeks to generate income and provide long-term capital appreciation by making investments primarily in debt securities and, to a lesser extent, equity interests.

Goldman Sachs BDC’s portfolio typically includes senior secured loans, unitranche loans, second-lien loans and subordinated debt, along with equity investments such as warrants or other ownership interests.

Further Reading

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