Icon Advisers Inc. Co. Acquires 76,969 Shares of Goldman Sachs BDC, Inc. $GSBD

Icon Advisers Inc. Co. raised its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 197.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,889 shares of the financial services provider’s stock after buying an additional 76,969 shares during the period. Icon Advisers Inc. Co. owned about 0.10% of Goldman Sachs BDC worth $1,179,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. MTM Investment Management LLC acquired a new stake in shares of Goldman Sachs BDC during the second quarter worth $25,000. CWM LLC lifted its position in shares of Goldman Sachs BDC by 187.8% during the 3rd quarter. CWM LLC now owns 4,864 shares of the financial services provider’s stock worth $49,000 after buying an additional 3,174 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Goldman Sachs BDC in the third quarter worth about $51,000. Quantbot Technologies LP acquired a new stake in Goldman Sachs BDC in the second quarter valued at approximately $62,000. Finally, Allworth Financial LP grew its position in Goldman Sachs BDC by 48,594.1% during the 2nd quarter. Allworth Financial LP now owns 8,278 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 8,261 shares during the last quarter. 28.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GSBD has been the subject of a number of research reports. Zacks Research upgraded shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Weiss Ratings upgraded shares of Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Wall Street Zen downgraded shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Saturday. Truist Financial cut their price target on shares of Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company reduced their price objective on shares of Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Monday, March 2nd. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $9.50.

Goldman Sachs BDC Price Performance

Shares of GSBD opened at $9.35 on Friday. The business has a 50-day moving average of $9.29 and a 200-day moving average of $9.94. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.01 and a quick ratio of 1.81. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 8.99 and a beta of 0.62. Goldman Sachs BDC, Inc. has a 1 year low of $8.81 and a 1 year high of $12.48.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Thursday, February 26th. The financial services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $38.79 million for the quarter, compared to analysts’ expectations of $87.18 million. Goldman Sachs BDC had a return on equity of 12.23% and a net margin of 32.62%. As a group, equities research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, March 31st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date of this dividend is Tuesday, March 31st. Goldman Sachs BDC’s dividend payout ratio is currently 123.08%.

Goldman Sachs BDC Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.