Goldman Sachs BDC (NYSE:GSBD) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Goldman Sachs BDC (NYSE:GSBD) from a hold rating to a sell rating in a report published on Saturday.

Goldman Sachs BDC Trading Up 1.4 %

Shares of Goldman Sachs BDC stock opened at $12.21 on Friday. The stock has a market capitalization of $1.43 billion, a P/E ratio of 17.44 and a beta of 1.06. The company has a 50-day simple moving average of $12.58 and a 200 day simple moving average of $13.07. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC has a 12-month low of $11.72 and a 12-month high of $15.94.

Goldman Sachs BDC Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be given a $0.16 dividend. This is an increase from Goldman Sachs BDC’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 5.24%. Goldman Sachs BDC’s payout ratio is presently 224.56%.

Institutional Trading of Goldman Sachs BDC

Several large investors have recently made changes to their positions in the business. Vision Financial Markets LLC acquired a new position in Goldman Sachs BDC during the 4th quarter worth about $27,000. Farther Finance Advisors LLC increased its position in Goldman Sachs BDC by 4,607.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 1,981 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Goldman Sachs BDC by 149.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,275 shares during the last quarter. Quarry LP acquired a new position in shares of Goldman Sachs BDC during the fourth quarter worth approximately $33,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Goldman Sachs BDC by 211.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 2,086 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

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.