Shares of Goldman Sachs BDC Inc. (NYSE:GSBD) traded at a new 52-week high today of $20.18. Approximately 57,000 shares have changed hands today, as compared to an average 30-day volume of 386,000 shares.
Goldman Sachs BDC Inc is a non-diversified, closed-end management investment company that elected to be regulated as a business development company focused on lending to middle-market companies. The investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including the first lien, unitranche and second lien debt, and unsecured debt. It invests primarily in U.S. middle-market companies such as banks and the public debt markets. The company’s investment strategy is to originate proprietary loans that generate attractive risk-adjusted returns for its shareholders. Its revenue comprises of interest income and dividend income.
Goldman Sachs BDC Inc. (NYSE:GSBD) is currently priced 1.6% above its average consensus analyst price target of $19.82.
Over the past year, Goldman Sachs BDC Inc. has traded in a range of $8.00 to $20.18 and is now at $20.14, 152% above that low.
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