Hibernia Wealth Partners LLC Grows Position in Goldman Sachs BDC, Inc. $GSBD

Hibernia Wealth Partners LLC increased its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 61.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 61,029 shares of the financial services provider’s stock after purchasing an additional 23,196 shares during the period. Hibernia Wealth Partners LLC’s holdings in Goldman Sachs BDC were worth $687,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GSBD. Envestnet Asset Management Inc. increased its holdings in Goldman Sachs BDC by 24.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 125,142 shares of the financial services provider’s stock valued at $1,455,000 after purchasing an additional 24,687 shares during the period. Meridian Wealth Management LLC lifted its stake in Goldman Sachs BDC by 12.5% in the first quarter. Meridian Wealth Management LLC now owns 313,291 shares of the financial services provider’s stock worth $3,644,000 after acquiring an additional 34,833 shares during the period. HB Wealth Management LLC lifted its stake in Goldman Sachs BDC by 77.2% in the first quarter. HB Wealth Management LLC now owns 67,268 shares of the financial services provider’s stock worth $782,000 after acquiring an additional 29,296 shares during the period. HighTower Advisors LLC boosted its holdings in Goldman Sachs BDC by 53.4% in the first quarter. HighTower Advisors LLC now owns 287,978 shares of the financial services provider’s stock valued at $3,349,000 after acquiring an additional 100,283 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Goldman Sachs BDC by 9.3% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 457,137 shares of the financial services provider’s stock valued at $5,143,000 after purchasing an additional 39,067 shares during the period. 28.72% of the stock is currently owned by institutional investors.

Insider Activity

In other Goldman Sachs BDC news, CEO Vivek Bantwal acquired 22,000 shares of Goldman Sachs BDC stock in a transaction that occurred on Friday, September 12th. The stock was bought at an average price of $11.36 per share, with a total value of $249,920.00. Following the completion of the purchase, the chief executive officer directly owned 22,000 shares of the company’s stock, valued at approximately $249,920. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Goldman Sachs BDC Stock Up 0.1%

NYSE GSBD opened at $9.83 on Friday. Goldman Sachs BDC, Inc. has a 52 week low of $9.38 and a 52 week high of $13.44. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 7.80 and a beta of 0.75. 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 company has a fifty day moving average of $10.32 and a two-hundred day moving average of $10.99.

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

Goldman Sachs BDC Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 27th. Stockholders of record on Wednesday, December 31st will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 13.0%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.04. Goldman Sachs BDC’s dividend payout ratio is currently 110.34%.

Analyst Upgrades and Downgrades

GSBD has been the subject of a number of research reports. Zacks Research downgraded shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research note on Friday, August 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Goldman Sachs BDC in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company reduced their price target on Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Goldman Sachs BDC currently has a consensus rating of “Sell” and a consensus price target of $9.00.

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.