Bank of Montreal Can cut its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 75.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,000 shares of the financial services provider’s stock after selling 44,000 shares during the period. Bank of Montreal Can’s holdings in Goldman Sachs BDC were worth $345,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of GSBD. Advisory Research Inc. increased its position in Goldman Sachs BDC by 118.6% in the fourth quarter. Advisory Research Inc. now owns 198,640 shares of the financial services provider’s stock worth $4,672,000 after buying an additional 107,791 shares during the period. Azimuth Capital Management LLC acquired a new position in Goldman Sachs BDC during the fourth quarter valued at approximately $2,479,000. Guggenheim Capital LLC increased its position in Goldman Sachs BDC by 56.6% in the fourth quarter. Guggenheim Capital LLC now owns 268,429 shares of the financial services provider’s stock valued at $6,313,000 after buying an additional 96,988 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Goldman Sachs BDC during the third quarter valued at approximately $1,089,000. Finally, HighTower Advisors LLC acquired a new position in Goldman Sachs BDC during the third quarter valued at approximately $760,000. 35.89% of the stock is currently owned by institutional investors and hedge funds.
Goldman Sachs BDC, Inc. (GSBD) traded down 0.22% during midday trading on Thursday, reaching $22.45. 119,711 shares of the company traded hands. The stock has a market capitalization of $816.12 million, a P/E ratio of 16.37 and a beta of 0.86. The company has a 50 day moving average of $23.17 and a 200-day moving average of $23.90. Goldman Sachs BDC, Inc. has a 12-month low of $19.55 and a 12-month high of $25.60.
Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, May 4th. The financial services provider reported $0.49 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.49. The firm had revenue of $32.20 million for the quarter, compared to the consensus estimate of $32.03 million. Goldman Sachs BDC had a net margin of 39.55% and a return on equity of 10.92%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. Equities analysts anticipate that Goldman Sachs BDC, Inc. will post $1.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date is Wednesday, June 28th. Goldman Sachs BDC’s payout ratio is 132.35%.
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A number of research firms have issued reports on GSBD. Zacks Investment Research upgraded shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 3rd. National Securities reiterated a “neutral” rating and issued a $22.00 target price on shares of Goldman Sachs BDC in a research note on Monday, May 22nd. TheStreet cut shares of Goldman Sachs BDC from a “b-” rating to a “c” rating in a research note on Tuesday. Raymond James Financial, Inc. upgraded shares of Goldman Sachs BDC from a “market perform” rating to an “outperform” rating in a research note on Friday, May 26th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Goldman Sachs BDC from a “market perform” rating to an “outperform” rating in a report on Friday, May 26th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $22.65.
In other news, Director Ann B. Lane bought 2,240 shares of Goldman Sachs BDC stock in a transaction that occurred on Thursday, June 8th. The stock was bought at an average cost of $22.32 per share, with a total value of $49,996.80. Following the acquisition, the director now owns 2,240 shares of the company’s stock, valued at approximately $49,996.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ross Jay Kari bought 5,000 shares of Goldman Sachs BDC stock in a transaction that occurred on Tuesday, May 23rd. The stock was purchased at an average cost of $22.24 per share, with a total value of $111,200.00. The disclosure for this purchase can be found here. 0.32% of the stock is currently owned by corporate insiders.
About Goldman Sachs BDC
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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