Legal & General Group Plc lifted its holdings in Goldman Sachs BDC Inc (NYSE:GSBD) by 10.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,845 shares of the financial services provider’s stock after acquiring an additional 10,793 shares during the period. Legal & General Group Plc owned 0.28% of Goldman Sachs BDC worth $2,596,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in GSBD. Sterling Investment Advisors Ltd. raised its position in Goldman Sachs BDC by 18.8% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 79,750 shares of the financial services provider’s stock worth $1,796,000 after purchasing an additional 12,600 shares during the period. Stifel Financial Corp raised its position in Goldman Sachs BDC by 32.2% in the 2nd quarter. Stifel Financial Corp now owns 25,640 shares of the financial services provider’s stock worth $584,000 after purchasing an additional 6,240 shares during the period. Texas Yale Capital Corp. raised its position in Goldman Sachs BDC by 8.4% in the 3rd quarter. Texas Yale Capital Corp. now owns 119,490 shares of the financial services provider’s stock worth $2,727,000 after purchasing an additional 9,260 shares during the period. CIBC World Markets Inc. raised its position in Goldman Sachs BDC by 44.0% in the 2nd quarter. CIBC World Markets Inc. now owns 200,782 shares of the financial services provider’s stock worth $4,522,000 after purchasing an additional 61,312 shares during the period. Finally, Homrich & Berg raised its position in Goldman Sachs BDC by 1.7% in the 2nd quarter. Homrich & Berg now owns 33,012 shares of the financial services provider’s stock worth $743,000 after purchasing an additional 558 shares during the period. 36.49% of the stock is owned by hedge funds and other institutional investors.
GSBD has been the topic of a number of recent analyst reports. BidaskClub raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Zacks Investment Research lowered shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. National Securities reaffirmed a “neutral” rating and set a $22.00 target price on shares of Goldman Sachs BDC in a research report on Monday, November 6th. Finally, TheStreet raised shares of Goldman Sachs BDC from a “c” rating to a “b-” rating in a research report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Goldman Sachs BDC presently has a consensus rating of “Hold” and an average price target of $22.60.
Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.47. The business had revenue of $34.40 million for the quarter, compared to analyst estimates of $33.56 million. Goldman Sachs BDC had a net margin of 32.19% and a return on equity of 11.34%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. research analysts anticipate that Goldman Sachs BDC Inc will post 2.07 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.02%. The ex-dividend date is Thursday, December 28th. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently -818.18%.
In related news, Director Jaime Ardila bought 8,108 shares of Goldman Sachs BDC stock in a transaction dated Friday, December 1st. The shares were acquired at an average cost of $21.84 per share, with a total value of $177,078.72. Following the completion of the transaction, the director now owns 12,791 shares in the company, valued at approximately $279,355.44. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.32% of the company’s stock.
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Goldman Sachs BDC 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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