Sanctuary Advisors LLC Buys Shares of 58,443 Goldman Sachs BDC, Inc. (NYSE:GSBD)

Sanctuary Advisors LLC purchased a new position in Goldman Sachs BDC, Inc. (NYSE:GSBD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 58,443 shares of the financial services provider’s stock, valued at approximately $917,000. Sanctuary Advisors LLC owned about 0.05% of Goldman Sachs BDC at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. WFA Asset Management Corp bought a new position in shares of Goldman Sachs BDC during the 1st quarter valued at $29,000. Register Financial Advisors LLC purchased a new stake in shares of Goldman Sachs BDC during the 1st quarter valued at about $41,000. Creekmur Asset Management LLC bought a new position in shares of Goldman Sachs BDC in the 4th quarter worth approximately $45,000. Tucker Asset Management LLC purchased a new position in shares of Goldman Sachs BDC in the fourth quarter worth approximately $65,000. Finally, Rothschild Investment LLC bought a new stake in Goldman Sachs BDC during the second quarter valued at approximately $113,000. 28.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on GSBD shares. StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Truist Financial reduced their price target on Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, August 12th. Finally, Wells Fargo & Company raised Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $14.00 to $12.00 in a research report on Monday, August 12th.

Goldman Sachs BDC Trading Down 0.1 %

Shares of Goldman Sachs BDC stock opened at $13.54 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 fifty day moving average of $14.01 and a 200 day moving average of $14.86. The company has a market capitalization of $1.58 billion, a P/E ratio of 15.93 and a beta of 1.07. 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 released its 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 analysts’ expectations of $112.07 million. On average, sell-side 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 business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 13.29%. The ex-dividend date is Monday, September 30th. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 211.76%.

Goldman Sachs BDC 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.