Goldman Sachs BDC (NYSE:GSBD) Sees Unusually-High Trading Volume – Here’s Why

Goldman Sachs BDC, Inc. (NYSE:GSBD) saw unusually-high trading volume on Tuesday . Approximately 1,011,298 shares changed hands during trading, an increase of 48% from the previous session’s volume of 682,024 shares.The stock last traded at $12.04 and had previously closed at $12.24.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th.

Goldman Sachs BDC Price Performance

The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The stock’s 50 day moving average price is $12.93 and its two-hundred day moving average price is $13.94. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 17.29 and a beta of 1.06.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $110.41 million for the quarter, compared to the consensus estimate of $112.43 million. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. During the same period last year, the firm earned $0.64 EPS. Equities research analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 14.88%. The ex-dividend date of this dividend is Tuesday, December 31st. Goldman Sachs BDC’s payout ratio is presently 257.14%.

Institutional Trading of Goldman Sachs BDC

Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings 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 worth $28,000 after purchasing an additional 1,981 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Goldman Sachs BDC by 149.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 1,275 shares in the last quarter. WFA Asset Management Corp acquired a new stake in Goldman Sachs BDC in the 3rd quarter valued at $33,000. Rothschild Investment LLC purchased a new stake in Goldman Sachs BDC in the 2nd quarter worth $113,000. Finally, Zions Bancorporation N.A. purchased a new stake in Goldman Sachs BDC in the 2nd quarter worth $128,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

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.