Goldman Sachs BDC (NYSE:GSBD) Trading Down 2.9%

Goldman Sachs BDC, Inc. (NYSE:GSBD)’s share price traded down 2.9% during mid-day trading on Friday . The stock traded as low as $15.16 and last traded at $15.19. 110,865 shares were traded during trading, a decline of 82% from the average session volume of 603,842 shares. The stock had previously closed at $15.65.

Analyst Upgrades and Downgrades

GSBD has been the topic of a number of recent research reports. StockNews.com cut shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Wells Fargo & Company lowered shares of Goldman Sachs BDC from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $15.00 to $14.00 in a report on Wednesday, May 29th.

Goldman Sachs BDC Trading Down 1.1 %

The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a 50-day moving average of $15.45 and a two-hundred day moving average of $15.23. The company has a market cap of $1.69 billion, a P/E ratio of 7.83 and a beta of 1.08.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $111.54 million during the quarter, compared to the consensus estimate of $115.33 million. Goldman Sachs BDC had a net margin of 45.80% and a return on equity of 15.68%. On average, equities research analysts predict that Goldman Sachs BDC, Inc. will post 2.14 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 11.98%. The ex-dividend date is Friday, June 28th. Goldman Sachs BDC’s dividend payout ratio is 93.75%.

Institutional Inflows and Outflows

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

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.