Goldman Sachs BDC (NYSE:GSBD) Sees Large Volume Increase

Goldman Sachs BDC, Inc. (NYSE:GSBD) saw an uptick in trading volume on Monday . 250,635 shares were traded during mid-day trading, a decline of 60% from the previous session’s volume of 625,534 shares.The stock last traded at $13.62 and had previously closed at $13.70.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GSBD shares. Truist Financial cut their target price on Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday. StockNews.com downgraded shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Finally, Wells Fargo & Company upgraded Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $14.00 to $12.00 in a research note on Monday.

Goldman Sachs BDC Stock Performance

The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.12. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 7.21 and a beta of 1.08. The firm’s fifty day moving average price is $15.21 and its 200-day moving average price is $15.25.

Goldman Sachs BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.12%. Goldman Sachs BDC’s payout ratio is 93.75%.

Institutional Trading of Goldman Sachs BDC

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

Goldman Sachs BDC Company Profile

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.