Private Advisor Group LLC raised its stake in shares of Goldman Sachs BDC Inc (NYSE:GSBD) by 100.3% in the third quarter, Holdings Channel reports. The institutional investor owned 165,729 shares of the financial services provider’s stock after acquiring an additional 82,999 shares during the period. Private Advisor Group LLC’s holdings in Goldman Sachs BDC were worth $3,676,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its holdings in shares of Goldman Sachs BDC by 17.5% during the 1st quarter. Legal & General Group Plc now owns 145,983 shares of the financial services provider’s stock worth $2,799,000 after buying an additional 21,771 shares in the last quarter. Mckinley Capital Management LLC Delaware raised its position in shares of Goldman Sachs BDC by 8.5% during the second quarter. Mckinley Capital Management LLC Delaware now owns 178,913 shares of the financial services provider’s stock worth $3,664,000 after purchasing an additional 14,090 shares during the period. Stelac Advisory Services LLC acquired a new position in shares of Goldman Sachs BDC during the second quarter worth approximately $123,000. Sterling Investment Advisors Ltd. raised its position in shares of Goldman Sachs BDC by 3.1% during the second quarter. Sterling Investment Advisors Ltd. now owns 90,100 shares of the financial services provider’s stock worth $1,845,000 after purchasing an additional 2,700 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Goldman Sachs BDC during the second quarter worth approximately $427,000. Institutional investors and hedge funds own 33.92% of the company’s stock.
A number of equities analysts have recently weighed in on GSBD shares. National Securities reaffirmed a “buy” rating and set a $23.00 target price on shares of Goldman Sachs BDC in a research report on Monday. Zacks Investment Research raised Goldman Sachs BDC from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, September 11th. Wells Fargo & Co lowered their target price on Goldman Sachs BDC from $20.25 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, October 4th. Finally, Citigroup started coverage on Goldman Sachs BDC in a research report on Thursday, August 23rd. They set a “neutral” rating and a $23.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.96.
Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, November 1st. The financial services provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Goldman Sachs BDC had a return on equity of 10.93% and a net margin of 46.38%. The company had revenue of $38.00 million for the quarter, compared to analyst estimates of $36.84 million. During the same period in the prior year, the firm earned $0.47 earnings per share. Goldman Sachs BDC’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities analysts predict that Goldman Sachs BDC Inc will post 1.98 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date is Friday, December 28th. Goldman Sachs BDC’s payout ratio is currently 86.96%.
Goldman Sachs BDC Company Profile
Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.
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