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New Big Money Means Goldman Sachs BDC Inc (GSBD) Investors Could Reap Benefit

Goldman Sachs BDC Inc (NYSE: GSBD) is -12.35% lower on its value in year-to-date trading and has touched a low of $12.69 and a high of $15.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GSBD stock was last observed hovering at around $12.71 in the last trading session, with the day’s gains setting it 0.13%.

Currently trading at $12.84, the stock is -3.35% and -6.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 1.02% at the moment leaves the stock -12.93% off its SMA200. GSBD registered -12.30% loss for a year compared to 6-month loss of -17.90%. The firm has a 50-day simple moving average (SMA 50) of $13.7114 and a 200-day simple moving average (SMA200) of $14.75985.

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The stock witnessed a -5.31% gain in the last 1 month and extending the period to 3 months gives it a -7.29%, and is -2.36% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.15% over the week and 1.63% over the month.

Current P/E ratio is 18.88 and Fwd P/E is 7.09. Distance from 52-week low is 1.18% and -19.45% from its 52-week high.

The EPS is expected to shrink by -2.30% this year

244.0 institutions hold shares in Goldman Sachs BDC Inc (GSBD), with institutional investors hold 31.57% of the company’s shares. The shares outstanding are 117.30M, and float is at 117.15M with Short Float at 1.29%. Institutions hold 31.53% of the Float.

The top institutional shareholder in the company is GOLDMAN SACHS GROUP INC with over 6.54 million shares valued at $98.28 million. The investor’s holdings represent 5.9403 of the GSBD Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 4.25 million shares valued at $63.82 million to account for 3.8576 of the shares outstanding. The other top investors are VAN ECK ASSOCIATES CORP which holds 2.45 million shares representing 2.227 and valued at over $36.84 million, while MARSHALL WACE, LLP holds 1.1202 of the shares totaling 1.23 million with a market value of $18.53 million.

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