Goldman Sachs BDC (NYSE:GSBD) Director Buys $18,116.16 in Stock

Goldman Sachs BDC, Inc. (NYSE:GSBD) Director Timothy Leach acquired 2,004 shares of the stock in a transaction dated Wednesday, June 10th. The stock was bought at an average cost of $9.04 per share, with a total value of $18,116.16. Following the completion of the purchase, the director owned 19,675 shares of the company’s stock, valued at approximately $177,862. The trade was a 11.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Goldman Sachs BDC Stock Down 0.1%

Shares of Goldman Sachs BDC stock traded down $0.01 on Thursday, hitting $9.10. The company had a trading volume of 1,112,968 shares, compared to its average volume of 1,423,161. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 13.99 and a beta of 0.58. Goldman Sachs BDC, Inc. has a 1 year low of $8.65 and a 1 year high of $12.03. The stock has a 50 day moving average of $9.23 and a 200-day moving average of $9.35. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.11 and a current ratio of 1.11.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). The company had revenue of $10.35 million during the quarter, compared to analysts’ expectations of $83.78 million. Goldman Sachs BDC had a return on equity of 10.94% and a net margin of 21.32%. As a group, sell-side analysts forecast that Goldman Sachs BDC, Inc. will post 1.15 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Tuesday, June 30th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.28 annualized dividend and a dividend yield of 14.1%. Goldman Sachs BDC’s dividend payout ratio is 196.92%.

Analyst Upgrades and Downgrades

GSBD has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Goldman Sachs BDC in a research report on Tuesday, June 2nd. Wall Street Zen downgraded Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Wells Fargo & Company decreased their price target 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. Zacks Research downgraded Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Finally, Truist Financial decreased their price target on Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Goldman Sachs BDC has a consensus rating of “Reduce” and an average price target of $9.17.

Hedge Funds Weigh In On Goldman Sachs BDC

Institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd purchased a new position in shares of Goldman Sachs BDC in the second quarter valued at $194,000. Quantbot Technologies LP purchased a new position in shares of Goldman Sachs BDC in the second quarter valued at $62,000. Invesco Ltd. grew its position in shares of Goldman Sachs BDC by 6.1% in the second quarter. Invesco Ltd. now owns 931,618 shares of the financial services provider’s stock valued at $10,481,000 after purchasing an additional 53,678 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Goldman Sachs BDC in the second quarter valued at $1,832,000. Finally, Cresset Asset Management LLC grew its position in shares of Goldman Sachs BDC by 80.7% in the second quarter. Cresset Asset Management LLC now owns 31,293 shares of the financial services provider’s stock valued at $367,000 after purchasing an additional 13,975 shares in the last quarter. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Company Profile

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.