Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Set to Pay Quarterly Dividend of $0.32

Goldman Sachs BDC, Inc. (NYSE:GSBD) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.32 per share by the financial services provider on Wednesday, January 27th. This represents a $1.28 dividend on an annualized basis and a yield of 14.8%. The ex-dividend date is Thursday, December 31st.

Goldman Sachs BDC has a dividend 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 fall. Equities research analysts expect Goldman Sachs BDC to earn $1.20 per share next year, which means the company may not be able to cover its $1.28 annual dividend with an expected future payout ratio of 106.7%.

Goldman Sachs BDC Price Performance

Shares of Goldman Sachs BDC stock traded down $0.17 on Friday, hitting $8.62. 74,372 shares of the company traded hands, compared to its average volume of 1,160,517. Goldman Sachs BDC has a 52 week low of $8.35 and a 52 week high of $10.38. The business has a 50-day simple moving average of $9.26 and a 200 day simple moving average of $9.25. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market capitalization of $970.91 million, a P/E ratio of 16.57 and a beta of 0.62.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, November 5th. The financial services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). The company had revenue of $74.99 million for the quarter, compared to analysts’ expectations of $80.13 million. Goldman Sachs BDC had a net margin of 17.19% and a return on equity of 11.04%. Research analysts expect that Goldman Sachs BDC will post 1.30 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Goldman Sachs BDC

Hedge funds have recently modified their holdings of the company. Cidel Asset Management Inc. acquired a new stake in shares of Goldman Sachs BDC in the second quarter valued at about $571,000. Compass Financial Management LLC purchased a new stake in Goldman Sachs BDC in the 2nd quarter valued at $522,000. Beach Point Capital Management LP purchased a new position in shares of Goldman Sachs BDC during the 3rd quarter worth $718,000. International Assets Investment Management LLC increased its position in Goldman Sachs BDC by 228.1% during the third quarter. International Assets Investment Management LLC now owns 86,031 shares of the financial services provider’s stock worth $782,000 after purchasing an additional 59,811 shares during the last quarter. Finally, Arlington Capital Management INC acquired a new position in Goldman Sachs BDC in the 3rd quarter valued at about $566,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE:GSBD) is a business development company that provides financing to privately owned, middle-market companies. The company seeks to generate income and long-term capital appreciation by investing primarily in debt securities and, to a lesser extent, equity interests.

GSBD’s portfolio may include senior secured loans, first-lien and unitranche investments, second-lien loans, subordinated debt, and equity-related investments. Its financing supports companies across a range of industries and is generally used for acquisitions, recapitalizations, growth initiatives, refinancing, and other corporate purposes.

Goldman Sachs BDC is externally managed by an affiliate of Goldman Sachs Asset Management and benefits from the investment platform and resources of the Goldman Sachs organization.