Capital Market Strategies LLC Grows Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Capital Market Strategies LLC grew its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 7.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,025 shares of the financial services provider’s stock after purchasing an additional 8,324 shares during the period. Goldman Sachs BDC comprises approximately 1.0% of Capital Market Strategies LLC’s holdings, making the stock its 21st largest holding. Capital Market Strategies LLC’s holdings in Goldman Sachs BDC were worth $1,597,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SeaCrest Wealth Management LLC increased its stake 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. B. Riley Wealth Advisors Inc. increased its stake in shares of Goldman Sachs BDC by 11.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 11,500 shares of the financial services provider’s stock valued at $178,000 after buying an additional 1,146 shares during the period. Centaurus Financial Inc. increased its stake in shares of Goldman Sachs BDC by 15.9% during the second quarter. Centaurus Financial Inc. now owns 9,584 shares of the financial services provider’s stock valued at $144,000 after buying an additional 1,316 shares during the period. ProShare Advisors LLC increased its stake in shares of Goldman Sachs BDC by 11.2% during the second quarter. ProShare Advisors LLC now owns 17,113 shares of the financial services provider’s stock valued at $257,000 after buying an additional 1,723 shares during the period. Finally, Private Advisor Group LLC boosted its position in Goldman Sachs BDC by 5.2% during the second 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 in the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Price Performance

Shares of NYSE GSBD opened at $13.71 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $1.54 billion, a PE ratio of 7.14 and a beta of 1.07. The business has a 50-day simple moving average of $14.20 and a two-hundred day simple moving average of $14.93. Goldman Sachs BDC, Inc. has a fifty-two week low of $13.39 and a fifty-two week high of $15.94.

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

Goldman Sachs BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 13.13%. The ex-dividend date is Monday, September 30th. Goldman Sachs BDC’s payout ratio is 93.75%.

Analyst Ratings Changes

GSBD has been the topic of a number of recent research reports. 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 report on Monday, August 12th. Wells Fargo & Company raised Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $14.00 to $12.00 in a research report on Monday, August 12th. Finally, StockNews.com raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th.

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.