Goldman Sachs BDC Inc (NYSE: GSBD) has experienced a decline in its stock price by -0.92 compared to its previous closing price of 12.01. However, the company has seen a fall of -1.65% in its stock price over the last five trading days. seekingalpha.com reported 2025-01-06 that I maintain my buy rating on Goldman Sachs BDC due to its strong dividend coverage, diverse portfolio, and attractive valuation despite recent price declines. GSBD’s portfolio is well-constructed, with a focus on first lien senior secured debt. Earnings currently support the 14.7% dividend yield, making it appealing for income investors. The higher interest rate environment has impacted GSBD’s portfolio quality, but non-accrual rates have improved, and management continues to invest in new opportunities.
Is It Worth Investing in Goldman Sachs BDC Inc (NYSE: GSBD) Right Now?
The price-to-earnings ratio for Goldman Sachs BDC Inc (NYSE: GSBD) is 17.50x, which is above its average ratio. Moreover, the 36-month beta value for GSBD is 1.11. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for GSBD is 117.15M and currently, short sellers hold a 1.09% of that float. On January 10, 2025, GSBD’s average trading volume was 938.97K shares.
GSBD’s Market Performance
GSBD’s stock has seen a -1.65% decrease for the week, with a -8.67% drop in the past month and a -12.50% fall in the past quarter. The volatility ratio for the week is 1.62%, and the volatility levels for the past 30 days are at 1.43% for Goldman Sachs BDC Inc The simple moving average for the last 20 days is -5.44% for GSBD’s stock, with a simple moving average of -16.73% for the last 200 days.
Analysts’ Opinion of GSBD
Many brokerage firms have already submitted their reports for GSBD stocks, with Wells Fargo repeating the rating for GSBD by listing it as a “Equal Weight.” The predicted price for GSBD in the upcoming period, according to Wells Fargo is $12 based on the research report published on August 12, 2024 of the previous year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see GSBD reach a price target of $14, previously predicting the price at $15. The rating they have provided for GSBD stocks is “Underweight” according to the report published on May 29th, 2024.
BofA Securities gave a rating of “Neutral” to GSBD, setting the target price at $16.50 in the report published on September 19th of the previous year.
GSBD Trading at -7.37% 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 -25.35% of loss for the given period.
Volatility was left at 1.43%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares sank -8.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.72% lower at present.
During the last 5 trading sessions, GSBD fell by -1.65%, which changed the moving average for the period of 200-days by -21.81% in comparison to the 20-day moving average, which settled at $12.58. In addition, Goldman Sachs BDC Inc saw -1.65% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GSBD starting from Lanza John, who sale 1,250 shares at the price of $12.85 back on Nov 22 ’24. After this action, Lanza John now owns 0 shares of Goldman Sachs BDC Inc, valued at $16,062 using the latest closing price.
Stock Fundamentals for GSBD
Current profitability levels for the company are sitting at:
- 0.64 for the present operating margin
- 0.86 for the gross margin
The net margin for Goldman Sachs BDC Inc stands at 0.21. The total capital return value is set at 0.07.
When we switch over and look at the enterprise to sales, we see a ratio of 3.64. The receivables turnover for the company is 11.25for trailing twelve months and the total asset turnover is 0.1.
Conclusion
To wrap up, the performance of Goldman Sachs BDC Inc (GSBD) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
