Timothy Leach Buys 2,004 Shares of Goldman Sachs BDC (NYSE:GSBD) Stock

Goldman Sachs BDC, Inc. (NYSE:GSBD) Director Timothy Leach bought 2,004 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was bought at an average price of $9.04 per share, with a total value of $18,116.16. Following the completion of the transaction, the director directly owned 19,675 shares of the company’s stock, valued at $177,862. This represents a 11.34% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Goldman Sachs BDC Stock Up 1.8%

Shares of NYSE:GSBD opened at $9.24 on Friday. Goldman Sachs BDC, Inc. has a 52-week low of $8.65 and a 52-week high of $12.03. The firm has a fifty day moving average of $9.24 and a 200 day moving average of $9.35. The firm has a market capitalization of $1.04 billion, a PE ratio of 14.22 and a beta of 0.58. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.11 and a current ratio of 1.11.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Thursday, May 7th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.07). Goldman Sachs BDC had a return on equity of 10.94% and a net margin of 21.32%.The company had revenue of $10.35 million during the quarter, compared to analysts’ expectations of $83.78 million. As a group, research analysts anticipate that Goldman Sachs BDC, Inc. will post 1.15 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, June 30th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.28 annualized dividend and a yield of 13.8%. Goldman Sachs BDC’s payout ratio is currently 196.92%.

Analyst Upgrades and Downgrades

GSBD has been the subject of several recent research reports. Zacks Research downgraded shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Wells Fargo & Company lowered their price target on shares of Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Monday, March 2nd. Truist Financial lowered their price target on shares of Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of Goldman Sachs BDC in a research note on Tuesday, June 2nd. Finally, Wall Street Zen downgraded shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $9.17.

Institutional Trading of Goldman Sachs BDC

Several hedge funds have recently added to or reduced their stakes in GSBD. XTX Topco Ltd bought a new position in shares of Goldman Sachs BDC during the second quarter valued at about $194,000. Quantbot Technologies LP bought a new position in shares of Goldman Sachs BDC during the second quarter valued at about $62,000. Invesco Ltd. raised its stake in shares of Goldman Sachs BDC by 6.1% during the second quarter. Invesco Ltd. now owns 931,618 shares of the financial services provider’s stock valued at $10,481,000 after acquiring an additional 53,678 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Goldman Sachs BDC during the second quarter valued at about $1,832,000. Finally, Cresset Asset Management LLC raised its stake in shares of Goldman Sachs BDC by 80.7% during the second quarter. Cresset Asset Management LLC now owns 31,293 shares of the financial services provider’s stock valued at $367,000 after acquiring an additional 13,975 shares during the last quarter. 28.72% of the stock is owned by institutional investors.

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.