Goldman Sachs BDC Sees Unusually High Options Volume (NYSE:GSBD)

by · The Cerbat Gem

Goldman Sachs BDC, Inc. (NYSE:GSBD – Get Free Report) was the recipient of unusually large options trading activity on Thursday. Investors purchased 7,029 call options on the company. This is an increase of 5,031% compared to the average volume of 137 call options.

Goldman Sachs BDC Price Performance

Shares of GSBD traded down $0.05 during mid-day trading on Thursday, hitting $9.71. 329,075 shares of the company were exchanged, compared to its average volume of 850,596. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 8.37 and a beta of 0.64. The company has a 50 day moving average of $9.84 and a 200-day moving average of $10.80. Goldman Sachs BDC has a 1-year low of $9.35 and a 1-year high of $13.44. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.81 and a current ratio of 1.81.

Goldman Sachs BDC (NYSE:GSBD – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Goldman Sachs BDC had a return on equity of 12.78% and a net margin of 34.72%.The company had revenue of $91.60 million for the quarter, compared to analyst estimates of $88.16 million. Analysts expect that Goldman Sachs BDC will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 27th. Investors of record on Wednesday, December 31st will be issued a $0.32 dividend. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.04. This represents a $1.28 annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Goldman Sachs BDC’s payout ratio is 110.34%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GSBD. The Goldman Sachs Group began coverage on shares of Goldman Sachs BDC in a report on Monday. They issued a “neutral” rating and a $10.50 price objective for the company. Zacks Research upgraded Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Goldman Sachs BDC in a research note on Monday. Finally, Wells Fargo & Company lowered their price target on Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Monday, November 10th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $9.75.

Get Our Latest Stock Analysis on GSBD

Hedge Funds Weigh In On Goldman Sachs BDC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GSBD. MTM Investment Management LLC purchased a new stake in Goldman Sachs BDC in the 2nd quarter valued at $25,000. Farther Finance Advisors LLC purchased a new position in shares of Goldman Sachs BDC during the 2nd quarter worth $34,000. CWM LLC boosted its position in shares of Goldman Sachs BDC by 187.8% during the 3rd quarter. CWM LLC now owns 4,864 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 3,174 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Goldman Sachs BDC by 1,471.7% in the second quarter. Private Trust Co. NA now owns 5,045 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 4,724 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in Goldman Sachs BDC during the third quarter worth about $51,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

About Goldman Sachs BDC

(Get Free Report)

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.

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