Citadel Advisors LLC raised its stake in shares of Goldman Sachs BDC Inc (NYSE:GSBD) by 12.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,807 shares of the financial services provider’s stock after purchasing an additional 5,553 shares during the period. Citadel Advisors LLC owned 0.13% of Goldman Sachs BDC worth $1,061,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Sterling Investment Advisors Ltd. increased its position in shares of Goldman Sachs BDC by 3.1% in the second quarter. Sterling Investment Advisors Ltd. now owns 90,100 shares of the financial services provider’s stock worth $1,845,000 after acquiring an additional 2,700 shares in the last quarter. IHT Wealth Management LLC increased its position in shares of Goldman Sachs BDC by 39.6% in the first quarter. IHT Wealth Management LLC now owns 21,089 shares of the financial services provider’s stock worth $401,000 after acquiring an additional 5,981 shares in the last quarter. Stelac Advisory Services LLC acquired a new stake in shares of Goldman Sachs BDC in the second quarter worth $123,000. Texas Yale Capital Corp. increased its position in shares of Goldman Sachs BDC by 8.3% in the second quarter. Texas Yale Capital Corp. now owns 127,568 shares of the financial services provider’s stock worth $2,613,000 after acquiring an additional 9,750 shares in the last quarter. Finally, Great West Life Assurance Co. Can acquired a new stake in shares of Goldman Sachs BDC in the first quarter worth $204,000. 34.27% of the stock is owned by hedge funds and other institutional investors.
GSBD traded down $0.23 during trading hours on Friday, reaching $21.52. 115,788 shares of the stock traded hands, compared to its average volume of 120,476. The firm has a market cap of $891.55 million, a price-to-earnings ratio of 10.40, a PEG ratio of 5.59 and a beta of 0.79. Goldman Sachs BDC Inc has a fifty-two week low of $18.78 and a fifty-two week high of $22.75. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.69.
Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. The business had revenue of $37.20 million during the quarter, compared to analyst estimates of $36.04 million. Goldman Sachs BDC had a net margin of 46.91% and a return on equity of 10.19%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the business earned $0.64 EPS. On average, analysts forecast that Goldman Sachs BDC Inc will post 1.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.36%. The ex-dividend date of this dividend is Thursday, September 27th. Goldman Sachs BDC’s payout ratio is 86.96%.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. Citigroup assumed coverage on shares of Goldman Sachs BDC in a research report on Thursday, August 23rd. They issued a “neutral” rating and a $23.00 price objective for the company. National Securities reissued a “buy” rating and issued a $23.00 price objective on shares of Goldman Sachs BDC in a research report on Monday, August 6th. Finally, ValuEngine raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Friday, July 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $22.71.
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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