Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) Director Carlos Evans purchased 50,000 shares of the company's stock in a transaction that occurred on Thursday, April 2nd. The shares were acquired at an average cost of $9.02 per share, with a total value of $451,000.00. Following the completion of the acquisition, the director directly owned 64,446 shares in the company, valued at approximately $581,302.92. This represents a 346.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Goldman Sachs BDC Trading Up 2.5%
GSBD stock opened at $9.26 on Tuesday. The business has a fifty day moving average price of $9.21 and a 200 day moving average price of $9.59. Goldman Sachs BDC, Inc. has a fifty-two week low of $8.66 and a fifty-two week high of $12.03. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 8.90 and a beta of 0.57. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.01 and a quick ratio of 1.01.
Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last released its quarterly earnings results on Friday, February 27th. The financial services provider reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The firm had revenue of $38.79 million during the quarter, compared to analysts' expectations of $87.18 million. Goldman Sachs BDC had a return on equity of 12.23% and a net margin of 32.62%. Analysts expect that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.
Goldman Sachs BDC Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 13.8%. The ex-dividend date is Tuesday, March 31st. Goldman Sachs BDC's dividend payout ratio (DPR) is presently 123.08%.
Wall Street Analyst Weigh In
Several research firms have weighed in on GSBD. Weiss Ratings upgraded shares of Goldman Sachs BDC from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, March 5th. The Goldman Sachs Group began coverage on Goldman Sachs BDC in a research report on Monday, December 15th. They set a "neutral" rating and a $10.50 target price for the company. Wall Street Zen upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research report on Sunday, March 15th. Wells Fargo & Company dropped their target price on Goldman Sachs BDC from $9.00 to $8.00 and set an "underweight" rating for the company in a research report on Monday, March 2nd. Finally, Truist Financial dropped their target price on Goldman Sachs BDC from $11.00 to $10.00 and set a "hold" rating for the company in a research report on Wednesday, March 4th. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $9.50.
View Our Latest Report on GSBD
Institutional Investors Weigh In On Goldman Sachs BDC
A number of institutional investors and hedge funds have recently modified their holdings of the business. Oppenheimer & Co. Inc. raised its stake in shares of Goldman Sachs BDC by 4.0% during the third quarter. Oppenheimer & Co. Inc. now owns 27,847 shares of the financial services provider's stock worth $283,000 after buying an additional 1,082 shares during the last quarter. IHT Wealth Management LLC increased its holdings in Goldman Sachs BDC by 5.7% in the second quarter. IHT Wealth Management LLC now owns 21,647 shares of the financial services provider's stock valued at $244,000 after purchasing an additional 1,173 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Goldman Sachs BDC by 1.4% in the third quarter. Ameriprise Financial Inc. now owns 100,190 shares of the financial services provider's stock valued at $1,019,000 after purchasing an additional 1,397 shares during the last quarter. Wellington Shields & Co. LLC increased its holdings in Goldman Sachs BDC by 7.1% in the third quarter. Wellington Shields & Co. LLC now owns 21,650 shares of the financial services provider's stock valued at $220,000 after purchasing an additional 1,430 shares during the last quarter. Finally, Founders Financial Alliance LLC increased its holdings in Goldman Sachs BDC by 3.2% in the fourth quarter. Founders Financial Alliance LLC now owns 46,643 shares of the financial services provider's stock valued at $433,000 after purchasing an additional 1,444 shares during the last quarter. 28.72% of the stock is owned by institutional investors.
Goldman Sachs BDC Company Profile
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Get Free Report)
Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company's primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.
The fund is advised by affiliates of Goldman Sachs Asset Management's Private Credit Group, leveraging the firm's global research capabilities and risk management infrastructure.
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