60,439 Shares in Goldman Sachs BDC, Inc. $GSBD Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in Goldman Sachs BDC, Inc. (NYSE:GSBD) in the third quarter, Holdings Channel.com reports. The firm purchased 60,439 shares of the financial services provider’s stock, valued at approximately $615,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GSBD. MTM Investment Management LLC bought a new position in shares of Goldman Sachs BDC in the second quarter worth about $25,000. Farther Finance Advisors LLC bought a new stake in Goldman Sachs BDC during the 2nd quarter valued at approximately $34,000. CWM LLC lifted its holdings in Goldman Sachs BDC by 187.8% in the 3rd quarter. CWM LLC now owns 4,864 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 3,174 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Goldman Sachs BDC in the 3rd quarter worth approximately $51,000. Finally, Private Trust Co. NA grew its holdings in Goldman Sachs BDC by 1,471.7% during the 2nd quarter. Private Trust Co. NA now owns 5,045 shares of the financial services provider’s stock valued at $57,000 after buying an additional 4,724 shares in the last quarter. 28.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their target price on shares of Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Monday, November 10th. The Goldman Sachs Group began coverage on shares of Goldman Sachs BDC in a report on Monday, December 15th. They issued a “neutral” rating and a $10.50 price target on the stock. Zacks Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Goldman Sachs BDC in a research report on Monday, December 29th. Finally, Lucid Cap Mkts upgraded Goldman Sachs BDC to a “hold” rating in a research report on Monday, December 15th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $9.75.

Goldman Sachs BDC Stock Performance

Shares of NYSE:GSBD opened at $9.21 on Wednesday. The firm has a fifty day simple moving average of $9.56 and a two-hundred day simple moving average of $10.27. Goldman Sachs BDC, Inc. has a 52 week low of $8.92 and a 52 week high of $13.44. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $1.05 billion, a P/E ratio of 7.94 and a beta of 0.62.

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 firm had revenue of $91.60 million during the quarter, compared to the consensus estimate of $88.16 million. Goldman Sachs BDC had a net margin of 34.72% and a return on equity of 12.78%. On average, analysts expect that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 27th. Stockholders of record on Wednesday, December 31st were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 13.9%. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.04. Goldman Sachs BDC’s dividend payout ratio is 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.