Goldman Sachs BDC, Inc. $GSBD Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 228.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,031 shares of the financial services provider’s stock after acquiring an additional 59,811 shares during the quarter. International Assets Investment Management LLC owned about 0.08% of Goldman Sachs BDC worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GSBD. Sage Rhino Capital LLC acquired a new stake in shares of Goldman Sachs BDC during the third quarter valued at about $196,000. Park Avenue Securities LLC increased its stake in shares of Goldman Sachs BDC by 100.3% in the third quarter. Park Avenue Securities LLC now owns 31,981 shares of the financial services provider’s stock worth $291,000 after buying an additional 16,016 shares during the last quarter. Beach Point Capital Management LP bought a new stake in shares of Goldman Sachs BDC in the third quarter worth $718,000. Pension & Wealth Management Advisors Inc. raised its holdings in Goldman Sachs BDC by 12.4% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 192,199 shares of the financial services provider’s stock valued at $1,747,000 after acquiring an additional 21,169 shares in the last quarter. Finally, TT Capital Management LLC raised its holdings in Goldman Sachs BDC by 6.7% in the third quarter. TT Capital Management LLC now owns 76,650 shares of the financial services provider’s stock valued at $697,000 after acquiring an additional 4,800 shares in the last quarter. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs BDC Price Performance

Shares of GSBD opened at $8.95 on Thursday. Goldman Sachs BDC, Inc. has a 12 month low of $8.35 and a 12 month high of $10.38. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a fifty day moving average price of $9.29 and a 200 day moving average price of $9.25. The company has a market cap of $1.01 billion, a P/E ratio of 17.20 and a beta of 0.62.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. The company had revenue of $83.72 million during the quarter, compared to the consensus estimate of $78.89 million. Goldman Sachs BDC had a net margin of 17.19% and a return on equity of 11.04%. On average, research analysts forecast that Goldman Sachs BDC, Inc. will post 1.30 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GSBD. Bank of America lowered shares of Goldman Sachs BDC from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $9.00 to $8.50 in a report on Thursday, July 9th. The Goldman Sachs Group lowered Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 price objective for the company. in a report on Thursday, July 9th. Wall Street Zen upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research raised Goldman Sachs BDC from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Goldman Sachs BDC in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Goldman Sachs BDC currently has a consensus rating of “Reduce” and an average price target of $8.75.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc (NYSE:GSBD) is a business development company that provides financing to privately owned, middle-market companies. The company seeks to generate income and long-term capital appreciation by investing primarily in debt securities and, to a lesser extent, equity interests.

GSBD’s portfolio may include senior secured loans, first-lien and unitranche investments, second-lien loans, subordinated debt, and equity-related investments. Its financing supports companies across a range of industries and is generally used for acquisitions, recapitalizations, growth initiatives, refinancing, and other corporate purposes.

Goldman Sachs BDC is externally managed by an affiliate of Goldman Sachs Asset Management and benefits from the investment platform and resources of the Goldman Sachs organization.