415,746 Shares in Goldman Sachs BDC, Inc. $GSBD Bought by Closed End Fund Advisors Inc.

by · The Cerbat Gem

Closed End Fund Advisors Inc. acquired a new position in Goldman Sachs BDC, Inc. (NYSE:GSBD – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 415,746 shares of the financial services provider’s stock, valued at approximately $3,858,000. Goldman Sachs BDC accounts for approximately 2.3% of Closed End Fund Advisors Inc.’s portfolio, making the stock its 10th largest holding.

Several other large investors also recently modified their holdings of GSBD. Balyasny Asset Management L.P. lifted its position in Goldman Sachs BDC by 412.8% during the second quarter. Balyasny Asset Management L.P. now owns 1,103,870 shares of the financial services provider’s stock valued at $12,419,000 after purchasing an additional 888,608 shares in the last quarter. UBS Group AG lifted its position in Goldman Sachs BDC by 27.2% during the third quarter. UBS Group AG now owns 1,360,013 shares of the financial services provider’s stock valued at $13,831,000 after purchasing an additional 290,737 shares in the last quarter. Marshall Wace LLP purchased a new position in Goldman Sachs BDC during the second quarter valued at $1,832,000. Lido Advisors LLC lifted its position in Goldman Sachs BDC by 60.6% during the third quarter. Lido Advisors LLC now owns 357,835 shares of the financial services provider’s stock valued at $3,780,000 after purchasing an additional 134,966 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Goldman Sachs BDC by 14.2% during the third quarter. Invesco Ltd. now owns 1,063,940 shares of the financial services provider’s stock valued at $10,820,000 after purchasing an additional 132,322 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Price Performance

NYSE:GSBD opened at $8.86 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $996.81 million, a P/E ratio of 13.62 and a beta of 0.58. Goldman Sachs BDC, Inc. has a 12 month low of $8.65 and a 12 month high of $12.03. The business’s 50-day moving average is $9.23 and its 200 day moving average is $9.36.

Goldman Sachs BDC (NYSE:GSBD – Get Free Report) last posted its earnings results on Thursday, May 7th. The financial services provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). Goldman Sachs BDC had a return on equity of 10.94% and a net margin of 21.32%.The firm had revenue of $10.35 million during the quarter, compared to analysts’ expectations of $83.78 million. On average, equities research analysts forecast that Goldman Sachs BDC, Inc. will post 1.15 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 14.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Goldman Sachs BDC’s payout ratio is presently 196.92%.

Insiders Place Their Bets

In related news, Director Carlos E. Evans acquired 50,000 shares of Goldman Sachs BDC stock in a transaction on Thursday, April 2nd. The shares were bought at an average cost of $9.02 per share, with a total value of $451,000.00. Following the completion of the purchase, the director directly owned 64,446 shares of the company’s stock, valued at $581,302.92. The trade was a 346.12% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on GSBD. Wells Fargo & Company lowered their target price on Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday, March 2nd. Truist Financial lowered their target price on Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Wall Street Zen downgraded Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Zacks Research downgraded Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Goldman Sachs BDC in a research report on Tuesday. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $9.17.

View Our Latest Stock Analysis on GSBD

Goldman Sachs BDC Company Profile

(Free Report)

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.

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