Goldman Sachs BDC, Inc. $GSBD Stock Position Raised by Osaic Holdings Inc.

Osaic Holdings Inc. increased its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 176.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 520,676 shares of the financial services provider’s stock after buying an additional 332,002 shares during the period. Osaic Holdings Inc. owned 0.46% of Goldman Sachs BDC worth $5,858,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GSBD. MTM Investment Management LLC bought a new stake in Goldman Sachs BDC in the second quarter worth approximately $25,000. Farther Finance Advisors LLC acquired a new stake in shares of Goldman Sachs BDC in the 2nd quarter valued at $34,000. Private Trust Co. NA increased its position in Goldman Sachs BDC by 1,471.7% during the second quarter. Private Trust Co. NA now owns 5,045 shares of the financial services provider’s stock worth $57,000 after buying an additional 4,724 shares during the last quarter. Quantbot Technologies LP acquired a new position in Goldman Sachs BDC during the second quarter worth $62,000. Finally, Allworth Financial LP raised its holdings in Goldman Sachs BDC by 48,594.1% during the second quarter. Allworth Financial LP now owns 8,278 shares of the financial services provider’s stock valued at $93,000 after buying an additional 8,261 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Price Performance

NYSE:GSBD opened at $9.60 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.81 and a quick ratio of 1.81. Goldman Sachs BDC, Inc. has a one year low of $9.35 and a one year high of $13.44. The company has a fifty day moving average price of $9.84 and a 200 day moving average price of $10.76. The stock has a market cap of $1.10 billion, a P/E ratio of 8.28 and a beta of 0.64.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. Goldman Sachs BDC had a net margin of 34.72% and a return on equity of 12.78%. The company had revenue of $91.60 million for the quarter, compared to the consensus estimate of $88.16 million. Analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 27th. Shareholders of record on Wednesday, December 31st will be issued a $0.32 dividend. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.28 annualized dividend and a yield of 13.3%. Goldman Sachs BDC’s payout ratio is currently 110.34%.

Analyst Ratings Changes

GSBD has been the topic of a number of analyst reports. Zacks Research raised Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Lucid Cap Mkts raised shares of Goldman Sachs BDC to a “hold” rating in a research report on Monday, December 15th. The Goldman Sachs Group began coverage on shares of Goldman Sachs BDC in a research note on Monday, December 15th. They issued a “neutral” rating and a $10.50 price objective for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Goldman Sachs BDC in a research note on Monday, December 15th. Finally, Wells Fargo & Company dropped their target price on shares of Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Monday, November 10th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Goldman Sachs BDC presently has an average rating of “Reduce” and a consensus price target of $9.75.

About Goldman Sachs BDC

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.