Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBDGet Rating) by 16.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,488,771 shares of the financial services provider’s stock after acquiring an additional 213,162 shares during the quarter. Van ECK Associates Corp owned about 1.46% of Goldman Sachs BDC worth $29,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC bought a new stake in shares of Goldman Sachs BDC in the 4th quarter worth about $29,000. Cornerstone Advisory LLC acquired a new stake in shares of Goldman Sachs BDC in the 4th quarter worth approximately $28,000. Chilton Capital Management LLC acquired a new stake in shares of Goldman Sachs BDC in the 4th quarter worth approximately $67,000. Westside Investment Management Inc. acquired a new stake in shares of Goldman Sachs BDC in the 4th quarter worth approximately $90,000. Finally, PARK CIRCLE Co acquired a new stake in Goldman Sachs BDC during the fourth quarter valued at approximately $100,000. Institutional investors and hedge funds own 26.81% of the company’s stock.

Goldman Sachs BDC Stock Up 0.6 %

Goldman Sachs BDC stock opened at $18.03 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.11 and a quick ratio of 1.11. Goldman Sachs BDC, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $20.60. The company’s 50 day simple moving average is $17.14 and its 200 day simple moving average is $18.58. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 13.66 and a beta of 1.20.

Goldman Sachs BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Friday, September 30th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.80 annualized dividend and a dividend yield of 9.98%. Goldman Sachs BDC’s dividend payout ratio is currently 136.36%.

Analysts Set New Price Targets

Several equities research analysts recently commented on GSBD shares. StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Friday, May 20th. Truist Financial dropped their price target on shares of Goldman Sachs BDC to $18.00 in a research note on Friday, May 20th. Wells Fargo & Company increased their price target on shares of Goldman Sachs BDC from $16.50 to $17.00 and gave the stock an “equal weight” rating in a research note on Monday, August 8th. Finally, TheStreet downgraded shares of Goldman Sachs BDC from a “b-” rating to a “c” rating in a report on Thursday, May 19th.

Goldman Sachs BDC Company Profile

(Get Rating)

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

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