Goldman Sachs BDC, Inc. $GSBD Shares Bought by Wealth Alliance LLC

Wealth Alliance LLC lifted its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 116.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,955 shares of the financial services provider’s stock after acquiring an additional 23,610 shares during the quarter. Wealth Alliance LLC’s holdings in Goldman Sachs BDC were worth $494,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of GSBD. Envestnet Asset Management Inc. boosted its stake in Goldman Sachs BDC by 24.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 125,142 shares of the financial services provider’s stock worth $1,455,000 after purchasing an additional 24,687 shares during the period. Apollon Wealth Management LLC lifted its stake in shares of Goldman Sachs BDC by 61.7% in the 1st quarter. Apollon Wealth Management LLC now owns 46,465 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 17,725 shares during the last quarter. Mandatum Life Insurance Co Ltd increased its position in Goldman Sachs BDC by 35.3% during the first quarter. Mandatum Life Insurance Co Ltd now owns 56,371 shares of the financial services provider’s stock worth $656,000 after buying an additional 14,696 shares during the last quarter. Muzinich & Co. Inc. lifted its position in shares of Goldman Sachs BDC by 9.8% in the first quarter. Muzinich & Co. Inc. now owns 434,147 shares of the financial services provider’s stock worth $5,049,000 after buying an additional 38,845 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Goldman Sachs BDC by 25.5% during the 1st quarter. Private Advisor Group LLC now owns 52,341 shares of the financial services provider’s stock valued at $609,000 after acquiring an additional 10,639 shares during the last quarter. 28.72% of the stock is owned by institutional investors and hedge funds.

Goldman Sachs BDC Stock Performance

NYSE:GSBD opened at $9.83 on Friday. The firm has a 50-day moving average price of $10.32 and a 200 day moving average price of $10.99. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $1.12 billion, a PE ratio of 7.80 and a beta of 0.75. Goldman Sachs BDC, Inc. has a 12-month low of $9.38 and a 12-month high of $13.44.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. Goldman Sachs BDC had a return on equity of 13.95% and a net margin of 36.17%.The firm had revenue of $91.60 million during the quarter, compared to analyst estimates of $88.16 million. Research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 27th. Investors of record on Wednesday, December 31st will be issued a $0.32 dividend. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.04. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date of this dividend is Wednesday, December 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 110.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GSBD shares. Weiss Ratings restated a “hold (c-)” rating on shares of Goldman Sachs BDC in a report on Wednesday, October 8th. Zacks Research lowered Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a report on Friday, August 15th. Finally, Wells Fargo & Company reduced their price objective on Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell” and an average target price of $9.00.

Insider Buying and Selling

In related news, CEO Vivek Bantwal acquired 22,000 shares of the stock in a transaction on Friday, September 12th. The stock was purchased at an average price of $11.36 per share, for a total transaction of $249,920.00. Following the transaction, the chief executive officer owned 22,000 shares of the company’s stock, valued at $249,920. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

About Goldman Sachs BDC

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.