Legal & General Group Plc increased its stake in shares of Goldman Sachs BDC Inc (NYSE:GSBD) by 17.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 145,983 shares of the financial services provider’s stock after acquiring an additional 21,771 shares during the period. Legal & General Group Plc owned approximately 0.36% of Goldman Sachs BDC worth $2,799,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Greenwich Investment Management Inc. raised its position in shares of Goldman Sachs BDC by 6.7% in the 1st quarter. Greenwich Investment Management Inc. now owns 46,730 shares of the financial services provider’s stock valued at $894,000 after purchasing an additional 2,925 shares in the last quarter. Texas Yale Capital Corp. raised its position in shares of Goldman Sachs BDC by 2.7% in the 1st quarter. Texas Yale Capital Corp. now owns 117,818 shares of the financial services provider’s stock valued at $2,254,000 after purchasing an additional 3,085 shares in the last quarter. IHT Wealth Management LLC raised its position in shares of Goldman Sachs BDC by 39.6% in the 1st quarter. IHT Wealth Management LLC now owns 21,089 shares of the financial services provider’s stock valued at $401,000 after purchasing an additional 5,981 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Goldman Sachs BDC in the 4th quarter valued at approximately $225,000. Finally, Great West Life Assurance Co. Can acquired a new position in shares of Goldman Sachs BDC in the 1st quarter valued at approximately $204,000. 35.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of GSBD stock traded down $0.05 on Friday, hitting $22.21. 105,060 shares of the stock traded hands, compared to its average volume of 110,002. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.69. The firm has a market cap of $888.73 million, a P/E ratio of 10.73, a P/E/G ratio of 5.57 and a beta of 0.79. Goldman Sachs BDC Inc has a 1-year low of $18.78 and a 1-year high of $23.10.
Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. The business had revenue of $37.20 million for the quarter, compared to analyst estimates of $36.04 million. Goldman Sachs BDC had a return on equity of 10.19% and a net margin of 46.91%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 EPS. research analysts forecast that Goldman Sachs BDC Inc will post 1.99 EPS 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 given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.10%. The ex-dividend date is Thursday, September 27th. Goldman Sachs BDC’s dividend payout ratio is currently 86.96%.
A number of equities analysts have issued reports on GSBD shares. Zacks Investment Research lowered Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine lowered Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. National Alliance Securities raised Goldman Sachs BDC from a “neutral” rating to a “buy” rating in a research report on Monday, May 7th. National Securities reaffirmed a “buy” rating and issued a $23.00 target price on shares of Goldman Sachs BDC in a research report on Monday, August 6th. Finally, Raymond James reaffirmed a “strong-buy” rating on shares of Goldman Sachs BDC in a research report on Wednesday, May 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $23.20.
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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