The stock of Goldman Sachs BDC, Inc. (GSBD) has seen a 1.99% increase in the past week, with a 4.51% gain in the past month, and a 1.92% flourish in the past quarter. The volatility ratio for the week is 0.79%, and the volatility levels for the past 30 days are at 1.00% for GSBD. The simple moving average for the last 20 days is 3.51% for GSBD’s stock, with a simple moving average of 6.09% for the last 200 days.
Is It Worth Investing in Goldman Sachs BDC, Inc. (NYSE: GSBD) Right Now?
Goldman Sachs BDC, Inc. (NYSE: GSBD) has a higher price-to-earnings ratio of 8.68x compared to its average ratio, The 36-month beta value for GSBD is at 1.14. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for GSBD is 111.96M, and currently, shorts hold a 1.18% of that float. The average trading volume for GSBD on April 26, 2024 was 604.15K shares.
GSBD) stock’s latest price update
Goldman Sachs BDC, Inc. (NYSE: GSBD)’s stock price has soared by 1.00 in relation to previous closing price of 15.48. Nevertheless, the company has seen a gain of 1.99% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-23 that Goldman Sachs BDC (GSBD) has underperformed its peers in total return over the last 5 years, despite having a higher yield. The credit quality of GSBD’s portfolio companies has worsened, with a higher percentage of lower-quality loans and non-accruals rising. The current dividend yield of 11.7% has still be fully covered with a solid margin of safety.
Analysts’ Opinion of GSBD
Many brokerage firms have already submitted their reports for GSBD stocks, with BofA Securities repeating the rating for GSBD by listing it as a “Neutral.” The predicted price for GSBD in the upcoming period, according to BofA Securities is $16.50 based on the research report published on September 19, 2022 of the previous year 2022.
Wells Fargo gave a rating of “Overweight” to GSBD, setting the target price at $15.75 in the report published on March 25th of the previous year.
GSBD Trading at 2.78% from the 50-Day Moving Average
After a stumble in the market that brought GSBD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.11% of loss for the given period.
Volatility was left at 1.00%, however, over the last 30 days, the volatility rate increased by 0.79%, as shares surge +4.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.27% upper at present.
During the last 5 trading sessions, GSBD rose by +2.05%, which changed the moving average for the period of 200-days by +11.91% in comparison to the 20-day moving average, which settled at $15.14. In addition, Goldman Sachs BDC, Inc. saw 6.72% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GSBD starting from Miller David, who purchase 20,000 shares at the price of $13.16 back on May 08 ’23. After this action, Miller David now owns 20,000 shares of Goldman Sachs BDC, Inc., valued at $263,120 using the latest closing price.
Stock Fundamentals for GSBD
Current profitability levels for the company are sitting at:
- 0.92 for the present operating margin
- 0.73 for the gross margin
The net margin for Goldman Sachs BDC, Inc. stands at 0.71. The total capital return value is set at 0.08. Equity return is now at value 12.30, with 5.50 for asset returns.
Based on Goldman Sachs BDC, Inc. (GSBD), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 1.14. The interest coverage ratio of the stock is 2.52.
Currently, EBITDA for the company is 316.73 million with net debt to EBITDA at 5.91. When we switch over and look at the enterprise to sales, we see a ratio of 11.39. The receivables turnover for the company is 7.95for trailing twelve months and the total asset turnover is 0.09.
Conclusion
In conclusion, Goldman Sachs BDC, Inc. (GSBD) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
