PFG Investments LLC Purchases 4,171 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

PFG Investments LLC raised its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 16.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,126 shares of the financial services provider’s stock after acquiring an additional 4,171 shares during the quarter. PFG Investments LLC’s holdings in Goldman Sachs BDC were worth $438,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Van ECK Associates Corp grew its position in Goldman Sachs BDC by 20.3% in the second quarter. Van ECK Associates Corp now owns 2,451,439 shares of the financial services provider’s stock valued at $36,845,000 after purchasing an additional 413,745 shares in the last quarter. Shikiar Asset Management Inc. boosted its stake 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 last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of 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 valued at $6,296,000 after acquiring an additional 13,319 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Goldman Sachs BDC by 45.8% in the first quarter. Cetera Investment Advisers now owns 387,379 shares of the financial services provider’s stock valued at $5,803,000 after acquiring an additional 121,765 shares during the last quarter. Finally, HB Wealth Management LLC raised its holdings in Goldman Sachs BDC by 18.1% during the second quarter. HB Wealth Management LLC now owns 302,998 shares of the financial services provider’s stock worth $4,554,000 after acquiring an additional 46,369 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GSBD has been the subject of a number of analyst reports. Wells Fargo & Company upgraded Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and decreased their price target for the company from $14.00 to $12.00 in a research note on Monday, August 12th. Truist Financial lowered their target price on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a report 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 Stock Performance

Shares of NYSE GSBD opened at $14.07 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $1.58 billion, a P/E ratio of 7.33 and a beta of 1.07. Goldman Sachs BDC, Inc. has a 12 month low of $13.39 and a 12 month high of $15.94. The stock has a 50 day moving average of $14.53 and a 200-day moving average of $15.05.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The firm 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%. As a group, equities research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, September 30th will be issued a $0.45 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.80 annualized dividend and a yield of 12.79%. Goldman Sachs BDC’s dividend payout ratio is currently 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.