Goldman Sachs BDC, Inc. $GSBD Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 55.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 711,965 shares of the financial services provider’s stock after acquiring an additional 254,828 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.62% of Goldman Sachs BDC worth $7,241,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Goldman Sachs BDC in the second quarter valued at about $97,711,000. Farther Finance Advisors LLC purchased a new position in Goldman Sachs BDC in the 2nd quarter valued at about $34,000. U.S. Capital Wealth Advisors LLC purchased a new position in Goldman Sachs BDC in the 2nd quarter valued at about $142,000. Norden Group LLC boosted its holdings in Goldman Sachs BDC by 65.8% in the 2nd quarter. Norden Group LLC now owns 34,939 shares of the financial services provider’s stock worth $393,000 after buying an additional 13,872 shares during the last quarter. Finally, Investment Partners Asset Management Inc. increased its stake in Goldman Sachs BDC by 3.8% during the 2nd quarter. Investment Partners Asset Management Inc. now owns 106,141 shares of the financial services provider’s stock worth $1,194,000 after buying an additional 3,841 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Stock Performance

NYSE GSBD opened at $9.31 on Friday. The stock’s fifty day moving average is $9.63 and its two-hundred day moving average is $10.47. The firm has a market capitalization of $1.06 billion, a P/E ratio of 8.02 and a beta of 0.63. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.81 and a current ratio of 1.81. Goldman Sachs BDC, Inc. has a fifty-two week low of $8.92 and a fifty-two week high of $13.44.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, November 6th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. Goldman Sachs BDC had a return on equity of 12.78% and a net margin of 34.72%.The business had revenue of $91.60 million during the quarter, compared to the consensus estimate of $88.16 million. On average, research 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 announced a quarterly dividend, which will be paid on Tuesday, January 27th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 13.8%. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Wednesday, December 31st. Goldman Sachs BDC’s payout ratio is presently 110.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GSBD. Lucid Cap Mkts raised Goldman Sachs BDC to a “hold” rating in a report on Monday, December 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Goldman Sachs BDC in a research report on Monday, December 29th. The Goldman Sachs Group started coverage on Goldman Sachs BDC in a report on Monday, December 15th. They issued a “neutral” rating and a $10.50 price objective on the stock. Zacks Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, Wells Fargo & Company reduced their target price on shares of Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating for the company in a research 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $9.75.

Goldman Sachs BDC 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.