Kendall Capital Management Purchases New Stake in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Kendall Capital Management purchased a new stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,545 shares of the financial services provider’s stock, valued at approximately $339,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GSBD. WFA Asset Management Corp purchased a new position in Goldman Sachs BDC during the 1st quarter valued at $29,000. Register Financial Advisors LLC purchased a new position in Goldman Sachs BDC during the 1st quarter valued at $41,000. Creekmur Asset Management LLC purchased a new position in Goldman Sachs BDC during the 4th quarter valued at $45,000. Cape Investment Advisory Inc. purchased a new position in Goldman Sachs BDC during the 4th quarter valued at $58,000. Finally, Tucker Asset Management LLC purchased a new position in Goldman Sachs BDC during the 4th quarter valued at $65,000. 28.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GSBD shares. Wells Fargo & Company raised shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $14.00 to $12.00 in a research report on Monday, August 12th. StockNews.com downgraded shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Truist Financial reduced 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 research report on Monday, August 12th.

Goldman Sachs BDC Stock Up 0.6 %

NYSE:GSBD opened at $14.39 on Friday. The firm’s 50-day moving average price is $14.43 and its 200-day moving average price is $15.02. The company has a market capitalization of $1.61 billion, a PE ratio of 7.49 and a beta of 1.07. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.22 and a quick ratio of 1.22. Goldman Sachs BDC, Inc. has a 1-year low of $13.39 and a 1-year high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, August 8th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The firm had revenue of $108.62 million for the quarter, compared to the consensus estimate 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 analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.51%. The ex-dividend date of this dividend is Monday, September 30th. Goldman Sachs BDC’s dividend payout ratio is presently 93.75%.

About Goldman Sachs BDC

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.