Rothschild Investment LLC Takes $113,000 Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Rothschild Investment LLC acquired a new stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 7,500 shares of the financial services provider’s stock, valued at approximately $113,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp boosted its holdings in shares of Goldman Sachs BDC by 7.9% during the 1st quarter. Van ECK Associates Corp now owns 2,037,694 shares of the financial services provider’s stock worth $30,524,000 after buying an additional 149,491 shares during the period. Shikiar Asset Management Inc. boosted its holdings in shares of Goldman Sachs BDC by 16.1% during the 2nd quarter. Shikiar Asset Management Inc. now owns 554,290 shares of the financial services provider’s stock worth $8,331,000 after buying an additional 76,715 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Goldman Sachs BDC by 3.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 418,871 shares of the financial services provider’s stock worth $6,296,000 after purchasing an additional 13,319 shares in the last quarter. Cetera Investment Advisers raised its stake in Goldman Sachs BDC by 45.8% in the 1st quarter. Cetera Investment Advisers now owns 387,379 shares of the financial services provider’s stock worth $5,803,000 after purchasing an additional 121,765 shares in the last quarter. Finally, HB Wealth Management LLC raised its stake in Goldman Sachs BDC by 18.1% in the 2nd quarter. HB Wealth Management LLC now owns 302,998 shares of the financial services provider’s stock worth $4,554,000 after purchasing an additional 46,369 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GSBD. Truist Financial dropped their price objective on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, August 12th. Wells Fargo & Company upgraded shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $14.00 to $12.00 in a research note on Monday, August 12th. Finally, StockNews.com cut shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Monday, May 20th.

Goldman Sachs BDC Price Performance

Shares of NYSE:GSBD opened at $14.18 on Wednesday. The firm has a 50 day moving average of $14.73 and a 200-day moving average of $15.11. The stock has a market capitalization of $1.66 billion, a PE ratio of 7.39 and a beta of 1.08. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.22. Goldman Sachs BDC, Inc. has a 12 month low of $13.39 and a 12 month high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, August 8th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. The company had revenue of $108.62 million during the quarter, compared to analysts’ expectations of $112.07 million. Goldman Sachs BDC had a net margin of 19.84% and a return on equity of 15.79%. On average, equities research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 12.69%. The ex-dividend date of this dividend is Monday, September 30th. Goldman Sachs BDC’s dividend payout ratio is 93.75%.

Goldman Sachs BDC Company Profile

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.