Susquehanna International Group LLP held its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,877 shares of the financial services provider’s stock at the close of the 2nd quarter. Susquehanna International Group LLP owned 0.10% of Goldman Sachs BDC worth $921,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc increased its position in Goldman Sachs BDC by 4.9% in the second quarter. IFP Advisors Inc now owns 4,553 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 211 shares during the last quarter. Global X Management Co. LLC increased its position in Goldman Sachs BDC by 49.7% in the first quarter. Global X Management Co. LLC now owns 5,698 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 1,892 shares during the last quarter. US Bancorp DE bought a new stake in Goldman Sachs BDC in the second quarter worth $142,000. Palisade Capital Management LLC NJ bought a new stake in Goldman Sachs BDC in the second quarter worth $203,000. Finally, Creative Planning increased its position in Goldman Sachs BDC by 102.7% in the second quarter. Creative Planning now owns 9,812 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 4,972 shares during the last quarter. Institutional investors own 36.66% of the company’s stock.
Several brokerages recently weighed in on GSBD. BidaskClub upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. TheStreet upgraded shares of Goldman Sachs BDC from a “c” rating to a “b-” rating in a research report on Wednesday, August 9th. National Securities restated a “neutral” rating and issued a $22.00 price target on shares of Goldman Sachs BDC in a research report on Monday, August 7th. Finally, Zacks Investment Research cut shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.18.
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Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.15. Goldman Sachs BDC had a return on equity of 11.54% and a net margin of 35.73%. The business had revenue of $36.00 million during the quarter, compared to the consensus estimate of $33.66 million. During the same period last year, the company earned $0.49 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.01%. The ex-dividend date of this dividend is Thursday, September 28th. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 139.54%.
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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