Goldman Sachs BDC (NYSE:GSBD) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Goldman Sachs BDC, Inc. (NYSE:GSBD – Get Free Report)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-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 changing hands.
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A number of analysts have recently weighed in on GSBD shares. Truist Financial upped their target price on shares of Goldman Sachs BDC from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Monday, August 10th. 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. Wall Street Zen raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Goldman Sachs BDC in a report on Friday, August 28th. Finally, Bank of America restated an “underperform” rating and issued a $8.50 price objective (down from $9.00) on shares of Goldman Sachs BDC in a report on Thursday, July 9th. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $8.75.

Get Our Latest Analysis on Goldman Sachs BDC

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 stock has a 50 day simple moving average of $9.44 and a 200-day simple moving average of $9.31. The firm has a market cap of $1.12 billion, a PE ratio of 19.18 and a beta of 0.60.

Goldman Sachs BDC (NYSE:GSBD – Get Free Report) last released its earnings results on Thursday, August 6th. The financial services provider reported $0.37 EPS for the quarter, topping 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 firm had revenue of $35.08 million for the quarter, compared to analysts’ expectations of $78.89 million. Sell-side analysts predict that Goldman Sachs BDC, Inc. will post 1.29 EPS for the current fiscal year.

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

Several large investors have recently bought and sold shares of the company. SHP Wealth Management purchased a new stake in shares of Goldman Sachs BDC during the fourth quarter valued at approximately $63,000. Integrated Wealth Concepts LLC purchased a new position in Goldman Sachs BDC in the 2nd quarter worth approximately $89,000. Patriot Financial Group Insurance Agency LLC purchased a new position in Goldman Sachs BDC in the 1st quarter worth approximately $114,000. Kavar Capital Partners Group LLC bought a new position in Goldman Sachs BDC in the 1st quarter valued at approximately $119,000. Finally, Sovran Advisors LLC lifted its position in Goldman Sachs BDC by 14.4% in the 1st quarter. Sovran Advisors LLC now owns 14,245 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 1,790 shares in the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

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.
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