Goldman Sachs Group Inc. Continues to Hold Holdings in Goldman Sachs BDC, Inc. (GSBD)
Goldman Sachs Group Inc. held its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,483,653 shares of the financial services provider’s stock at the close of the second quarter. Goldman Sachs Group Inc. owned approximately 16.16% of Goldman Sachs BDC worth $146,012,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. IFP Advisors Inc grew its holdings in Goldman Sachs BDC by 4.9% in the 2nd quarter. IFP Advisors Inc now owns 4,553 shares of the financial services provider’s stock worth $103,000 after buying an additional 211 shares in the last quarter. Global X Management Co. LLC increased its position in Goldman Sachs BDC by 49.7% in the 1st quarter. Global X Management Co. LLC now owns 5,698 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 1,892 shares during the period. US Bancorp DE bought a new stake in Goldman Sachs BDC during the 2nd quarter valued at $142,000. Regal Investment Advisors LLC bought a new stake in Goldman Sachs BDC during the 1st quarter valued at $202,000. Finally, Palisade Capital Management LLC NJ bought a new stake in Goldman Sachs BDC during the 2nd quarter valued at $203,000. 36.66% of the stock is owned by institutional investors and hedge funds.
Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) traded up 0.31% during midday trading on Monday, reaching $22.89. The company had a trading volume of 107,539 shares. The firm’s 50 day moving average price is $21.59 and its 200-day moving average price is $21.59. Goldman Sachs BDC, Inc. has a 12 month low of $20.00 and a 12 month high of $25.31.
Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.15. The company had revenue of $36.00 million during the quarter, compared to analysts’ expectations of $33.66 million. Goldman Sachs BDC had a return on equity of 11.54% and a net margin of 35.73%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. On average, analysts anticipate that Goldman Sachs BDC, Inc. will post $2.07 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.89%. The ex-dividend date is Thursday, September 28th. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 139.54%.
GSBD has been the subject of a number of analyst reports. BidaskClub upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Thursday. TheStreet raised Goldman Sachs BDC from a “c” rating to a “b-” rating in a research note on Wednesday, August 9th. National Securities reissued a “neutral” rating and set a $22.00 price target on shares of Goldman Sachs BDC in a report on Monday, August 7th. Finally, Zacks Investment Research lowered Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $22.65.
Goldman Sachs BDC Company Profile
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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