Goldman Sachs BDC Inc (GSBD) Holdings Lifted by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its position in shares of Goldman Sachs BDC Inc (NYSE:GSBD) by 12.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 142,384 shares of the financial services provider’s stock after buying an additional 15,356 shares during the quarter. Wells Fargo & Company MN’s holdings in Goldman Sachs BDC were worth $3,248,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GSBD. Global X MANAGEMENT CO LLC lifted its position in shares of Goldman Sachs BDC by 49.5% during the third quarter. Global X MANAGEMENT CO LLC now owns 8,384 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 2,776 shares during the last quarter. Advisors Capital Management LLC bought a new stake in shares of Goldman Sachs BDC during the third quarter worth $202,000. Pinebridge Investments L.P. lifted its position in shares of Goldman Sachs BDC by 0.4% during the second quarter. Pinebridge Investments L.P. now owns 9,946 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 37 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Goldman Sachs BDC by 1.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,445 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 139 shares during the last quarter. Finally, Raymond James Trust N.A. bought a new stake in shares of Goldman Sachs BDC during the third quarter worth $428,000. 36.49% of the stock is owned by institutional investors.

Shares of Goldman Sachs BDC Inc (NYSE:GSBD) opened at $21.61 on Thursday. Goldman Sachs BDC Inc has a 52-week low of $21.00 and a 52-week high of $25.60. The firm has a market capitalization of $871.24 and a price-to-earnings ratio of -98.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 0.83.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Goldman Sachs BDC had a return on equity of 11.34% and a net margin of 32.19%. The business had revenue of $34.40 million during the quarter, compared to the consensus estimate of $33.56 million. During the same period last year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. equities research analysts predict that Goldman Sachs BDC Inc will post 2.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.45 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.80 annualized dividend and a dividend yield of 8.33%. Goldman Sachs BDC’s payout ratio is currently -818.18%.

GSBD has been the subject of several research analyst reports. National Securities reiterated a “neutral” rating and set a $22.00 target price on shares of Goldman Sachs BDC in a research report on Monday, November 6th. BidaskClub downgraded Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. Zacks Investment Research downgraded Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, TheStreet upgraded Goldman Sachs BDC from a “c” rating to a “b-” rating in a research report on Thursday, December 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Goldman Sachs BDC has a consensus rating of “Hold” and an average target price of $22.80.

In other news, Director Jaime Ardila acquired 8,108 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of $21.84 per share, for a total transaction of $177,078.72. Following the completion of the acquisition, the director now directly owns 12,791 shares of the company’s stock, valued at approximately $279,355.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.32% of the company’s stock.

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Goldman Sachs BDC Profile

Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.

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Institutional Ownership by Quarter for Goldman Sachs BDC (NYSE:GSBD)

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