Redhawk Wealth Advisors Inc. Buys 4,860 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Redhawk Wealth Advisors Inc. increased its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 12.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 43,960 shares of the financial services provider’s stock after buying an additional 4,860 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Goldman Sachs BDC were worth $532,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Farther Finance Advisors LLC increased its position in Goldman Sachs BDC by 4,607.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider’s stock worth $28,000 after buying an additional 1,981 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Goldman Sachs BDC by 149.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,275 shares during the period. WFA Asset Management Corp acquired a new stake in Goldman Sachs BDC in the 3rd quarter worth about $33,000. Centaurus Financial Inc. boosted its holdings in Goldman Sachs BDC by 15.9% in the 2nd quarter. Centaurus Financial Inc. now owns 9,584 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 1,316 shares during the period. Finally, Principal Street Partners LLC acquired a new position in shares of Goldman Sachs BDC during the 3rd quarter worth approximately $141,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th.

Goldman Sachs BDC Stock Performance

GSBD opened at $12.40 on Friday. The firm has a market cap of $1.45 billion, a P/E ratio of 17.71 and a beta of 1.06. The business’s fifty day moving average is $12.67 and its 200-day moving average is $13.69. Goldman Sachs BDC, Inc. has a 52-week low of $11.72 and a 52-week high of $15.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. The firm had revenue of $110.41 million for the quarter, compared to the consensus estimate of $112.43 million. During the same period in the prior year, the company posted $0.64 earnings per share. Sell-side analysts expect that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 14.52%. Goldman Sachs BDC’s dividend payout ratio is currently 257.15%.

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.