Goldman Sachs BDC (NYSE:GSBD) Lowered to Sell Rating by StockNews.com

StockNews.com lowered shares of Goldman Sachs BDC (NYSE:GSBD) from a hold rating to a sell rating in a research note published on Saturday morning.

Goldman Sachs BDC Trading Up 2.1 %

Shares of GSBD stock opened at $12.05 on Friday. The business has a 50-day moving average of $12.58 and a 200 day moving average of $13.09. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. Goldman Sachs BDC has a 1-year low of $11.72 and a 1-year high of $15.94. The stock has a market capitalization of $1.41 billion, a PE ratio of 17.22 and a beta of 1.06.

Goldman Sachs BDC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 5.31%. This is an increase from Goldman Sachs BDC’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, March 31st. Goldman Sachs BDC’s payout ratio is presently 224.56%.

Institutional Investors Weigh In On Goldman Sachs BDC

Several institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in shares of Goldman Sachs BDC by 1.0% during the fourth quarter. Van ECK Associates Corp now owns 2,732,785 shares of the financial services provider’s stock valued at $33,066,000 after acquiring an additional 25,888 shares during the last quarter. Invesco Ltd. lifted its holdings in Goldman Sachs BDC by 11.9% in the 4th quarter. Invesco Ltd. now owns 1,095,489 shares of the financial services provider’s stock worth $13,255,000 after buying an additional 116,154 shares during the period. Generali Asset Management SPA SGR purchased a new stake in Goldman Sachs BDC in the 4th quarter worth approximately $12,879,000. Advisors Capital Management LLC increased its stake in shares of Goldman Sachs BDC by 4.6% during the fourth quarter. Advisors Capital Management LLC now owns 775,035 shares of the financial services provider’s stock valued at $9,378,000 after buying an additional 34,222 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Goldman Sachs BDC during the fourth quarter valued at approximately $8,114,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

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.