Confluence Investment Management LLC decreased its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD – Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 192,149 shares of the financial services provider’s stock after selling 2,351 shares during the period. Confluence Investment Management LLC owned approximately 0.16% of Goldman Sachs BDC worth $2,325,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in GSBD. Van ECK Associates Corp increased its holdings in shares of Goldman Sachs BDC by 10.4% in the 3rd quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider’s stock worth $36,408,000 after buying an additional 255,458 shares during the last quarter. Marshall Wace LLP purchased a new position in Goldman Sachs BDC in the second quarter worth $18,533,000. Envestnet Asset Management Inc. increased its stake in Goldman Sachs BDC by 17.9% in the second quarter. Envestnet Asset Management Inc. now owns 523,071 shares of the financial services provider’s stock valued at $7,862,000 after acquiring an additional 79,315 shares during the last quarter. Cetera Investment Advisers raised its position in Goldman Sachs BDC by 8.9% during the second quarter. Cetera Investment Advisers now owns 422,010 shares of the financial services provider’s stock valued at $6,343,000 after purchasing an additional 34,631 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Goldman Sachs BDC by 2,121.3% in the 3rd quarter. International Assets Investment Management LLC now owns 329,200 shares of the financial services provider’s stock worth $45,300,000 after purchasing an additional 314,380 shares in the last quarter. 28.72% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th.
Goldman Sachs BDC Price Performance
Shares of NYSE:GSBD opened at $12.19 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The stock has a market cap of $1.43 billion, a PE ratio of 17.41 and a beta of 1.06. The company’s fifty day moving average is $12.91 and its 200 day moving average is $13.93. Goldman Sachs BDC, Inc. has a 52 week low of $11.87 and a 52 week high of $15.94.
Goldman Sachs BDC (NYSE:GSBD – Get Free Report) last released its earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. The company had revenue of $110.41 million during the quarter, compared to analyst estimates of $112.43 million. During the same quarter in the previous year, the company posted $0.64 EPS. Research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.
Goldman Sachs BDC Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 14.77%. The ex-dividend date of this dividend is Tuesday, December 31st. Goldman Sachs BDC’s dividend payout ratio is 257.15%.
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.
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