Goldman Sachs BDC, Inc. (NYSE:GSBD) to Issue $0.03 Dividend

Goldman Sachs BDC, Inc. (NYSE:GSBD) announced a dividend on Thursday, February 26th. Investors of record on Monday, March 9th will be given a dividend of 0.03 per share by the financial services provider on Friday, March 20th. The ex-dividend date is Monday, March 9th.

Goldman Sachs BDC has a payout ratio of 92.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Goldman Sachs BDC to earn $1.83 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 69.9%.

Goldman Sachs BDC Stock Performance

Goldman Sachs BDC stock traded up $0.08 during trading hours on Friday, hitting $9.25. The stock had a trading volume of 225,356 shares, compared to its average volume of 1,472,626. The company has a 50-day moving average of $9.33 and a two-hundred day moving average of $10.03. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.27. Goldman Sachs BDC has a fifty-two week low of $8.92 and a fifty-two week high of $13.30. The company has a market cap of $1.05 billion, a PE ratio of 8.09 and a beta of 0.62.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Thursday, February 26th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Goldman Sachs BDC had a return on equity of 12.78% and a net margin of 34.72%.The business had revenue of $38.79 million for the quarter, compared to analysts’ expectations of $87.18 million. On average, equities research analysts anticipate that Goldman Sachs BDC will post 2.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Goldman Sachs BDC

Institutional investors and hedge funds have recently bought and sold shares of the business. MTM Investment Management LLC bought a new stake in shares of Goldman Sachs BDC during the second quarter worth $25,000. ORG Partners LLC acquired a new position in Goldman Sachs BDC during the 4th quarter worth about $33,000. CWM LLC grew its holdings in Goldman Sachs BDC by 187.8% during the 3rd quarter. CWM LLC now owns 4,864 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 3,174 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Goldman Sachs BDC during the 3rd quarter worth about $51,000. Finally, Kestra Advisory Services LLC acquired a new stake in Goldman Sachs BDC in the 4th quarter valued at about $57,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.