Texas Yale Capital Corp. raised its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,490 shares of the financial services provider’s stock after acquiring an additional 9,260 shares during the quarter. Texas Yale Capital Corp. owned 0.30% of Goldman Sachs BDC worth $2,727,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of Goldman Sachs BDC by 44.3% during the first quarter. Bank of America Corp DE now owns 156,233 shares of the financial services provider’s stock valued at $3,849,000 after purchasing an additional 47,997 shares during the period. Bank of Montreal Can increased its holdings in shares of Goldman Sachs BDC by 2,385.7% during the second quarter. Bank of Montreal Can now owns 348,000 shares of the financial services provider’s stock valued at $7,837,000 after purchasing an additional 334,000 shares during the period. Creative Planning increased its holdings in shares of Goldman Sachs BDC by 102.7% during the second quarter. Creative Planning now owns 9,812 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 4,972 shares during the period. US Bancorp DE acquired a new position in shares of Goldman Sachs BDC during the second quarter valued at $142,000. Finally, Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Goldman Sachs BDC by 0.6% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 341,175 shares of the financial services provider’s stock valued at $7,683,000 after purchasing an additional 2,185 shares during the period. 36.49% of the stock is owned by institutional investors and hedge funds.
In other news, Director Jaime Ardila acquired 8,108 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average cost of $21.84 per share, for a total transaction of $177,078.72. Following the completion of the acquisition, the director now owns 12,791 shares in the company, valued at $279,355.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is owned by corporate insiders.
A number of brokerages recently weighed in on GSBD. BidaskClub upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. National Securities reiterated a “neutral” rating and set a $22.00 price target on shares of Goldman Sachs BDC in a report on Monday, November 6th. Finally, Zacks Investment Research lowered Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.60.
Goldman Sachs BDC, Inc. (NYSE GSBD) opened at $22.10 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 0.83. Goldman Sachs BDC, Inc. has a one year low of $21.00 and a one year high of $25.60. The stock has a market capitalization of $869.23, a price-to-earnings ratio of 10.31, a PEG ratio of 2.10 and a beta of 0.81.
Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $34.40 million during the quarter, compared to the consensus estimate of $33.56 million. Goldman Sachs BDC had a return on equity of 11.34% and a net margin of 32.19%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. analysts forecast that Goldman Sachs BDC, Inc. will post 2.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.80 annualized dividend and a dividend yield of 8.14%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 160.71%.
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Goldman Sachs BDC Company Profile
Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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