West Family Investments Inc. Takes Position in Goldman Sachs BDC, Inc. (GSBD)
West Family Investments Inc. purchased a new stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) during the second quarter, Holdings Channel reports. The firm purchased 115,000 shares of the financial services provider’s stock, valued at approximately $2,299,000.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Wedbush Securities Inc. purchased a new position in Goldman Sachs BDC during the second quarter valued at about $285,000. Palisade Capital Management LLC NJ purchased a new position in Goldman Sachs BDC during the second quarter valued at about $203,000. IFP Advisors Inc raised its position in Goldman Sachs BDC by 4.9% in the second quarter. IFP Advisors Inc now owns 4,553 shares of the financial services provider’s stock valued at $103,000 after buying an additional 211 shares in the last quarter. Anchor Capital Advisors LLC raised its position in Goldman Sachs BDC by 1.4% in the second quarter. Anchor Capital Advisors LLC now owns 80,551 shares of the financial services provider’s stock valued at $1,814,000 after buying an additional 1,094 shares in the last quarter. Finally, Barnett & Company Inc. raised its position in Goldman Sachs BDC by 280.9% in the second quarter. Barnett & Company Inc. now owns 139,400 shares of the financial services provider’s stock valued at $3,139,000 after buying an additional 102,800 shares in the last quarter. 36.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of Goldman Sachs BDC, Inc. (GSBD) opened at 22.45 on Wednesday. Goldman Sachs BDC, Inc. has a one year low of $20.00 and a one year high of $25.60. The stock’s 50 day moving average is $22.59 and its 200-day moving average is $23.69.
Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.15. Goldman Sachs BDC had a net margin of 35.73% and a return on equity of 11.54%. The firm had revenue of $36 million for the quarter, compared to analyst estimates of $33.66 million. During the same period last year, the business earned $0.49 EPS. Goldman Sachs BDC’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities analysts anticipate that Goldman Sachs BDC, Inc. will post $2.07 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.80 annualized dividend and a yield of 8.02%. Goldman Sachs BDC’s dividend payout ratio is currently 139.54%.
A number of equities research analysts have recently weighed in on the stock. TheStreet raised shares of Goldman Sachs BDC from a “c” rating to a “b-” rating in a report on Wednesday, August 9th. National Securities reissued a “neutral” rating and set a $22.00 price objective on shares of Goldman Sachs BDC in a report on Monday, August 7th. BidaskClub raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Finally, Raymond James Financial, Inc. raised shares of Goldman Sachs BDC from a “market perform” rating to an “outperform” rating in a report on Friday, May 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $22.65.
In other Goldman Sachs BDC news, Director Ann B. Lane acquired 2,240 shares of the stock in a transaction on Thursday, June 8th. The shares were bought at an average cost of $22.32 per share, with a total value of $49,996.80. Following the transaction, the director now owns 2,240 shares of the company’s stock, valued at approximately $49,996.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ross Jay Kari acquired 5,000 shares of the stock in a transaction on Tuesday, May 23rd. The shares were acquired at an average cost of $22.24 per share, for a total transaction of $111,200.00. The disclosure for this purchase can be found here. 0.32% of the stock is owned by company insiders.
About Goldman Sachs BDC
Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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