Steward Partners Investment Advisory LLC raised its position in Goldman Sachs BDC, Inc. (NYSE:GSBD – Free Report) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 143,996 shares of the financial services provider’s stock after buying an additional 882 shares during the period. Steward Partners Investment Advisory LLC owned 0.13% of Goldman Sachs BDC worth $2,110,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC raised its stake in shares of Goldman Sachs BDC by 2.8% during the 3rd quarter. Private Advisor Group LLC now owns 45,278 shares of the financial services provider’s stock worth $659,000 after purchasing an additional 1,240 shares during the period. Jump Financial LLC raised its position in Goldman Sachs BDC by 310.7% in the third quarter. Jump Financial LLC now owns 46,338 shares of the financial services provider’s stock worth $675,000 after acquiring an additional 35,055 shares during the period. J.P. Morgan Private Wealth Advisors LLC boosted its stake in Goldman Sachs BDC by 7.0% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 25,840 shares of the financial services provider’s stock valued at $376,000 after acquiring an additional 1,682 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Goldman Sachs BDC by 15.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 57,917 shares of the financial services provider’s stock worth $843,000 after purchasing an additional 7,667 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in Goldman Sachs BDC by 5.5% in the third quarter. Van ECK Associates Corp now owns 1,707,323 shares of the financial services provider’s stock valued at $24,859,000 after purchasing an additional 89,227 shares during the last quarter. Institutional investors own 28.72% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. StockNews.com lowered Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Wells Fargo & Company downgraded shares of Goldman Sachs BDC from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $15.00 to $14.00 in a research note on Wednesday.
Check Out Our Latest Stock Analysis on GSBD
Goldman Sachs BDC Price Performance
Shares of NYSE GSBD opened at $15.38 on Friday. The stock has a fifty day moving average of $15.30 and a 200-day moving average of $15.14. The stock has a market cap of $1.73 billion, a PE ratio of 8.01 and a beta of 1.11. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.24 and a current ratio of 1.24. Goldman Sachs BDC, Inc. has a fifty-two week low of $13.01 and a fifty-two week high of $15.94.
Goldman Sachs BDC (NYSE:GSBD – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). Goldman Sachs BDC had a net margin of 45.80% and a return on equity of 15.68%. The company had revenue of $111.54 million for the quarter, compared to the consensus estimate of $115.33 million. Equities research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.14 earnings per share for the current year.
Goldman Sachs BDC Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 11.70%. The ex-dividend date is Friday, June 28th. Goldman Sachs BDC’s payout ratio is 93.75%.
Goldman Sachs BDC Profile
Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.
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Source: defenseworld.net
