1,233,042 Shares in Goldman Sachs BDC, Inc. (NYSE:GSBD) Bought by Marshall Wace LLP

Marshall Wace LLP acquired a new stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) during the second quarter, HoldingsChannel reports. The fund acquired 1,233,042 shares of the financial services provider’s stock, valued at approximately $18,533,000.

Several other institutional investors have also added to or reduced their stakes in GSBD. SeaCrest Wealth Management LLC increased its position in shares of Goldman Sachs BDC by 3.0% during the first quarter. SeaCrest Wealth Management LLC now owns 26,016 shares of the financial services provider’s stock valued at $390,000 after buying an additional 767 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Goldman Sachs BDC by 0.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 143,996 shares of the financial services provider’s stock worth $2,110,000 after acquiring an additional 882 shares during the period. ProShare Advisors LLC raised its position in shares of Goldman Sachs BDC by 11.2% in the 2nd quarter. ProShare Advisors LLC now owns 17,113 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 1,723 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Goldman Sachs BDC by 5.2% in the 2nd quarter. Private Advisor Group LLC now owns 39,559 shares of the financial services provider’s stock valued at $595,000 after purchasing an additional 1,963 shares during the period. Finally, WFA Asset Management Corp bought a new stake in shares of Goldman Sachs BDC during the first quarter valued at approximately $29,000. 28.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company raised shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $14.00 to $12.00 in a research report on Monday, August 12th. Finally, Truist Financial dropped their price objective on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, August 12th.

Goldman Sachs BDC Stock Up 0.6 %

Shares of NYSE:GSBD opened at $14.42 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 stock has a fifty day simple moving average of $14.29 and a two-hundred day simple moving average of $14.97. Goldman Sachs BDC, Inc. has a 12-month low of $13.39 and a 12-month high of $15.94. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 7.51 and a beta of 1.07.

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

Goldman Sachs BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.48%. The ex-dividend date is Monday, September 30th. Goldman Sachs BDC’s 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.