Bank of New York Mellon Corp Acquires New Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Bank of New York Mellon Corp acquired a new stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 32,757 shares of the financial services provider’s stock, valued at approximately $492,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Janney Montgomery Scott LLC lifted its stake in Goldman Sachs BDC by 4.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 60,317 shares of the financial services provider’s stock valued at $884,000 after acquiring an additional 2,400 shares in the last quarter. Cape Investment Advisory Inc. bought a new stake in Goldman Sachs BDC in the 4th quarter valued at approximately $58,000. Steward Partners Investment Advisory LLC lifted its stake in Goldman Sachs BDC by 0.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 143,996 shares of the financial services provider’s stock valued at $2,110,000 after acquiring an additional 882 shares in the last quarter. Evoke Wealth LLC lifted its stake in Goldman Sachs BDC by 117.9% in the 4th quarter. Evoke Wealth LLC now owns 61,000 shares of the financial services provider’s stock valued at $921,000 after acquiring an additional 33,000 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Goldman Sachs BDC in the 4th quarter valued at approximately $181,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Stock Down 0.3 %

GSBD stock opened at $14.39 on Wednesday. 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 firm has a market capitalization of $1.61 billion, a PE ratio of 7.49 and a beta of 1.07. Goldman Sachs BDC, Inc. has a 1-year low of $13.39 and a 1-year high of $15.94. The business’s 50 day simple moving average is $14.34 and its 200 day simple moving average is $14.99.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $112.07 million. As a group, research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently disclosed 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. This represents a $1.80 dividend on an annualized basis and a yield of 12.51%. The ex-dividend date is Monday, September 30th. Goldman Sachs BDC’s dividend payout ratio is 93.75%.

Analysts Set New Price Targets

GSBD has been the topic of several research reports. StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Wednesday. Truist Financial dropped their price objective on 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. Finally, Wells Fargo & Company upgraded 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.

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.