Millennium Management LLC bought a new stake in shares of Goldman Sachs BDC Inc (NYSE:GSBD) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 31,482 shares of the financial services provider’s stock, valued at approximately $645,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GSBD. Stelac Advisory Services LLC bought a new position in shares of Goldman Sachs BDC during the 2nd quarter valued at approximately $123,000. US Bancorp DE bought a new position in shares of Goldman Sachs BDC during the 2nd quarter valued at approximately $240,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Goldman Sachs BDC during the 2nd quarter valued at approximately $247,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Goldman Sachs BDC during the 2nd quarter valued at approximately $427,000. Finally, First Republic Investment Management Inc. bought a new position in shares of Goldman Sachs BDC during the 2nd quarter valued at approximately $456,000. 33.92% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on the company. Citigroup assumed coverage on Goldman Sachs BDC in a research report on Thursday, August 23rd. They issued a “neutral” rating and a $23.00 price objective on the stock. Zacks Investment Research raised Goldman Sachs BDC from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Wednesday, August 8th. National Securities reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Goldman Sachs BDC in a research report on Monday, November 5th. Goldman Sachs Group upped their price objective on Goldman Sachs BDC and gave the company an “outperform” rating in a research report on Monday, November 5th. Finally, Wells Fargo & Co cut their price objective 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. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $22.96.
Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The company had revenue of $38.00 million for the quarter, compared to the consensus estimate of $36.84 million. Goldman Sachs BDC had a return on equity of 10.93% and a net margin of 46.38%. Goldman Sachs BDC’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 EPS. On average, equities analysts expect that Goldman Sachs BDC Inc will post 1.98 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.17%. The ex-dividend date of this dividend is Friday, December 28th. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 86.96%.
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Goldman Sachs BDC 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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