Goldman Sachs BDC Inc. (GSBD) Director Acquires $100,778.16 in Stock
Goldman Sachs BDC Inc. (NYSE:GSBD) Director Jaime Ardila bought 4,683 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was acquired at an average price of $21.52 per share, for a total transaction of $100,778.16. Following the transaction, the director now owns 4,683 shares of the company’s stock, valued at $100,778.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Goldman Sachs BDC Inc. (NYSE:GSBD) opened at 21.83 on Monday. The company has a 50 day moving average price of $21.77 and a 200-day moving average price of $20.72. Goldman Sachs BDC Inc. has a 1-year low of $16.66 and a 1-year high of $22.40.
Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $33.95 million for the quarter, compared to analysts’ expectations of $26.37 million. Goldman Sachs BDC had a return on equity of 11.88% and a net margin of 28.66%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 EPS. Equities research analysts predict that Goldman Sachs BDC Inc. will post $2.10 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Saturday, December 31st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $1.80 annualized dividend and a dividend yield of 8.25%. Goldman Sachs BDC’s payout ratio is currently 181.82%.
Hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its stake in Goldman Sachs BDC by 2.0% in the second quarter. Citigroup Inc. now owns 17,820 shares of the company’s stock valued at $356,000 after buying an additional 349 shares during the last quarter. Texas Yale Capital Corp. boosted its stake in Goldman Sachs BDC by 0.7% in the second quarter. Texas Yale Capital Corp. now owns 75,450 shares of the company’s stock valued at $1,508,000 after buying an additional 500 shares during the last quarter. Salzhauer Michael boosted its stake in Goldman Sachs BDC by 1.7% in the third quarter. Salzhauer Michael now owns 47,128 shares of the company’s stock valued at $1,026,000 after buying an additional 800 shares during the last quarter. Berson & Corrado Investment Advisors LLC boosted its stake in Goldman Sachs BDC by 4.2% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 24,910 shares of the company’s stock valued at $498,000 after buying an additional 1,000 shares during the last quarter. Finally, Starfire Investment Advisers Inc. acquired a new stake in Goldman Sachs BDC during the second quarter valued at $248,000. 30.33% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on GSBD shares. National Securities reiterated a “buy” rating and issued a $23.00 target price on shares of Goldman Sachs BDC in a research report on Monday, August 8th. Bank of America Corp. cut Goldman Sachs BDC from a “neutral” rating to an “underperform” rating and set a $20.50 price target on the stock. in a report on Thursday, November 3rd. Citigroup Inc. boosted their price target on Goldman Sachs BDC from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, October 5th. Goldman Sachs Group Inc. cut Goldman Sachs BDC from a “neutral” rating to an “underperform” rating and set a $20.50 price target on the stock. in a report on Thursday, November 3rd. Finally, Zacks Investment Research cut Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.08.
Goldman Sachs BDC Company Profile
Goldman Sachs BDC, Inc, formerly Goldman Sachs Liberty Harbor Capital, LLC, is a closed-end management investment company. The Company is focused on lending to middle-market companies. Its investment objective is to generate current income and capital appreciation through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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