Goldman Sachs BDC, Inc. (GSBD) Position Raised by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 24.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,039 shares of the financial services provider’s stock after purchasing an additional 2,594 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Goldman Sachs BDC were worth $298,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sterling Investment Advisors Ltd. increased its position in shares of Goldman Sachs BDC by 18.8% during the second quarter. Sterling Investment Advisors Ltd. now owns 79,750 shares of the financial services provider’s stock valued at $1,796,000 after acquiring an additional 12,600 shares during the last quarter. Stifel Financial Corp increased its position in shares of Goldman Sachs BDC by 32.2% during the second quarter. Stifel Financial Corp now owns 25,640 shares of the financial services provider’s stock valued at $584,000 after acquiring an additional 6,240 shares during the last quarter. CIBC World Markets Inc. increased its position in shares of Goldman Sachs BDC by 44.0% during the second quarter. CIBC World Markets Inc. now owns 200,782 shares of the financial services provider’s stock valued at $4,522,000 after acquiring an additional 61,312 shares during the last quarter. Homrich & Berg increased its position in shares of Goldman Sachs BDC by 1.7% during the second quarter. Homrich & Berg now owns 33,012 shares of the financial services provider’s stock valued at $743,000 after acquiring an additional 558 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its position in shares of Goldman Sachs BDC by 19.0% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 271,985 shares of the financial services provider’s stock valued at $6,125,000 after acquiring an additional 43,365 shares during the last quarter. Hedge funds and other institutional investors own 36.47% of the company’s stock.

Goldman Sachs BDC, Inc. (NYSE:GSBD) traded up $0.01 during midday trading on Wednesday, hitting $22.03. 79,300 shares of the stock traded hands, compared to its average volume of 149,661. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. Goldman Sachs BDC, Inc. has a twelve month low of $21.00 and a twelve month high of $25.60. The stock has a market capitalization of $890.10, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 2.15 and a beta of 0.84.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. Goldman Sachs BDC had a net margin of 32.19% and a return on equity of 11.34%. The business had revenue of $34.40 million during the quarter, compared to analyst estimates of $33.56 million. During the same quarter last year, the firm posted $0.51 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. analysts forecast that Goldman Sachs BDC, Inc. will post 2.07 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.17%. The ex-dividend date is Thursday, December 28th. Goldman Sachs BDC’s payout ratio is 160.71%.

A number of equities research analysts have weighed in on GSBD shares. BidaskClub upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. National Securities reiterated a “neutral” rating and set a $22.00 price target on shares of Goldman Sachs BDC in a research report on Monday, August 7th. TheStreet upgraded shares of Goldman Sachs BDC from a “c” rating to a “b-” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research cut shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Goldman Sachs BDC presently has a consensus rating of “Hold” and a consensus target price of $22.60.

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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.

Institutional Ownership by Quarter for Goldman Sachs BDC (NYSE:GSBD)

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