Goldman Sachs BDC, Inc. $GSBD Shares Acquired by Muzinich & Co. Inc.

Muzinich & Co. Inc. lifted its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 50.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 766,299 shares of the financial services provider’s stock after buying an additional 258,362 shares during the quarter. Goldman Sachs BDC accounts for approximately 3.0% of Muzinich & Co. Inc.’s holdings, making the stock its 11th largest position. Muzinich & Co. Inc.’s holdings in Goldman Sachs BDC were worth $7,793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kraematon Investment Advisors Inc. grew its holdings in Goldman Sachs BDC by 1.6% in the 2nd quarter. Kraematon Investment Advisors Inc. now owns 61,331 shares of the financial services provider’s stock valued at $690,000 after buying an additional 969 shares during the period. Garde Capital Inc. grew its stake in Goldman Sachs BDC by 1.0% in the second quarter. Garde Capital Inc. now owns 100,500 shares of the financial services provider’s stock worth $1,131,000 after purchasing an additional 1,000 shares in the last quarter. Aspiriant LLC grew its holdings in shares of Goldman Sachs BDC by 9.5% during the second quarter. Aspiriant LLC now owns 11,500 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 1,000 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of Goldman Sachs BDC by 4.9% in the second quarter. Atria Wealth Solutions Inc. now owns 22,052 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 1,022 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its holdings in Goldman Sachs BDC by 5.7% in the 2nd quarter. IHT Wealth Management LLC now owns 21,647 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 1,173 shares during the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Analyst Ratings Changes

GSBD has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Goldman Sachs BDC in a research note on Monday, December 22nd. Lucid Cap Mkts raised shares of Goldman Sachs BDC to a “hold” rating in a research report on Monday, December 15th. Zacks Research upgraded Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Wells Fargo & Company decreased 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, November 10th. Finally, The Goldman Sachs Group started coverage on Goldman Sachs BDC in a research note on Monday, December 15th. They set a “neutral” rating and a $10.50 price objective for the company. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $9.75.

Goldman Sachs BDC Trading Down 0.6%

Shares of GSBD opened at $9.58 on Tuesday. Goldman Sachs BDC, Inc. has a 52-week low of $9.35 and a 52-week high of $13.44. The stock has a fifty day moving average price of $9.81 and a two-hundred day moving average price of $10.69. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 8.25 and a beta of 0.64.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $91.60 million during the quarter, compared to analysts’ expectations of $88.16 million. Goldman Sachs BDC had a return on equity of 12.78% and a net margin of 34.72%. Analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 27th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 13.4%. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Wednesday, December 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 110.34%.

About Goldman Sachs BDC

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.