Goldman Sachs BDC, Inc. $GSBD Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,889,090 shares of the financial services provider’s stock after acquiring an additional 89,009 shares during the quarter. Van ECK Associates Corp owned about 2.53% of Goldman Sachs BDC worth $29,382,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Goldman Sachs BDC by 55.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 711,965 shares of the financial services provider’s stock valued at $7,241,000 after acquiring an additional 254,828 shares during the last quarter. Ares Management LLC grew its stake in shares of Goldman Sachs BDC by 72.8% in the 2nd quarter. Ares Management LLC now owns 798,421 shares of the financial services provider’s stock worth $8,982,000 after purchasing an additional 336,437 shares during the last quarter. Muzinich & Co. Inc. raised its holdings in shares of Goldman Sachs BDC by 50.9% in the 3rd quarter. Muzinich & Co. Inc. now owns 766,299 shares of the financial services provider’s stock worth $7,793,000 after purchasing an additional 258,362 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Goldman Sachs BDC by 176.0% during the second quarter. Osaic Holdings Inc. now owns 520,676 shares of the financial services provider’s stock valued at $5,858,000 after purchasing an additional 332,002 shares during the last quarter. Finally, TT Capital Management LLC bought a new stake in Goldman Sachs BDC during the second quarter worth approximately $1,202,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GSBD has been the topic of several research reports. The Goldman Sachs Group assumed coverage on 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 Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Lucid Cap Mkts upgraded Goldman Sachs BDC to a “hold” rating in a report on Monday, December 15th. Wall Street Zen downgraded Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, Weiss Ratings upgraded Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 5th. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $9.50.

Goldman Sachs BDC Stock Up 0.3%

Shares of NYSE:GSBD opened at $9.19 on Thursday. The firm has a 50 day simple moving average of $9.27 and a 200 day simple moving average of $9.89. Goldman Sachs BDC, Inc. has a 52 week low of $8.81 and a 52 week high of $12.43. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $1.03 billion, a PE ratio of 8.83 and a beta of 0.62.

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

Goldman Sachs BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 13.9%. The ex-dividend date of this dividend is Tuesday, March 31st. Goldman Sachs BDC’s payout ratio is presently 123.08%.

Goldman Sachs BDC Company 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.