Insider Buying: Goldman Sachs BDC, Inc. (GSBD) Director Acquires 1,059 Shares of Stock
Goldman Sachs BDC, Inc. (NYSE:GSBD) Director Jaime Ardila bought 1,059 shares of Goldman Sachs BDC stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average cost of $21.65 per share, for a total transaction of $22,927.35. Following the acquisition, the director now owns 13,850 shares of the company’s stock, valued at $299,852.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Jaime Ardila also recently made the following trade(s):
- On Friday, December 1st, Jaime Ardila bought 8,108 shares of Goldman Sachs BDC stock. The stock was purchased at an average cost of $21.84 per share, for a total transaction of $177,078.72.
Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) traded up $0.47 on Thursday, hitting $22.10. 117,567 shares of the stock were exchanged, compared to its average volume of 148,925. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $869.23, a price-to-earnings ratio of 10.31, a PEG ratio of 2.10 and a beta of 0.81. Goldman Sachs BDC, Inc. has a twelve month low of $21.00 and a twelve month high of $25.60.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.14%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 160.71%.
GSBD has been the topic of a number of research analyst reports. National Securities reissued a “neutral” rating and set a $22.00 price objective on shares of Goldman Sachs BDC in a report on Monday, November 6th. BidaskClub cut shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Zacks Investment Research cut shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, TheStreet raised shares of Goldman Sachs BDC from a “c” rating to a “b-” rating in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.60.
Several institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc grew its position in Goldman Sachs BDC by 4.9% in the 2nd quarter. IFP Advisors Inc now owns 4,553 shares of the financial services provider’s stock valued at $103,000 after buying an additional 211 shares during the last quarter. US Bancorp DE purchased a new stake in shares of Goldman Sachs BDC during the 2nd quarter worth $142,000. Global X MANAGEMENT CO LLC boosted its position in shares of Goldman Sachs BDC by 49.5% during the 3rd 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 in the last quarter. Advisors Capital Management LLC purchased a new stake in shares of Goldman Sachs BDC during the 3rd quarter worth $202,000. Finally, Palisade Capital Management LLC NJ purchased a new stake in shares of Goldman Sachs BDC during the 2nd quarter worth $203,000. Institutional investors and hedge funds own 36.49% of the company’s stock.
Goldman Sachs BDC Company 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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