United Advisor Group LLC Grows Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

United Advisor Group LLC increased its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,377 shares of the financial services provider’s stock after buying an additional 3,980 shares during the quarter. United Advisor Group LLC owned 0.11% of Goldman Sachs BDC worth $1,822,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Goldman Sachs BDC by 8.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 405,552 shares of the financial services provider’s stock valued at $6,075,000 after acquiring an additional 32,296 shares during the last quarter. Norden Group LLC raised its position in Goldman Sachs BDC by 118.7% during the 1st quarter. Norden Group LLC now owns 23,706 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 12,865 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Goldman Sachs BDC by 11.3% in the 1st quarter. Private Advisor Group LLC now owns 37,596 shares of the financial services provider’s stock worth $563,000 after buying an additional 3,827 shares during the period. SG Americas Securities LLC grew its position in shares of Goldman Sachs BDC by 271.8% in the 1st quarter. SG Americas Securities LLC now owns 80,379 shares of the financial services provider’s stock worth $1,204,000 after buying an additional 58,762 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Goldman Sachs BDC by 15.3% during the first quarter. ProShare Advisors LLC now owns 15,390 shares of the financial services provider’s stock valued at $231,000 after buying an additional 2,047 shares during the period. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Down 2.3 %

NYSE:GSBD opened at $12.91 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.22 and a quick ratio of 1.22. The firm’s 50-day moving average price is $13.85 and its 200-day moving average price is $14.69. The company has a market capitalization of $1.51 billion, a PE ratio of 15.19 and a beta of 1.07. Goldman Sachs BDC, Inc. has a 1-year low of $12.90 and a 1-year high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The business had revenue of $108.62 million during the quarter, compared to analyst estimates of $112.07 million. Goldman Sachs BDC had a net margin of 19.84% and a return on equity of 15.79%. On average, equities analysts predict 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 was paid on Monday, October 28th. Investors of record on Monday, September 30th were issued a $0.45 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.80 dividend on an annualized basis and a yield of 13.94%. Goldman Sachs BDC’s payout ratio is currently 211.76%.

Analyst Upgrades and Downgrades

GSBD has been the subject of a number of research analyst reports. Wells Fargo & Company raised Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $14.00 to $12.00 in a research note on Monday, August 12th. Truist Financial dropped their target price on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, August 12th. Finally, StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th.

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.