Centaurus Financial Inc. Has $161,000 Stock Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Centaurus Financial Inc. raised its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 21.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,678 shares of the financial services provider’s stock after acquiring an additional 2,094 shares during the quarter. Centaurus Financial Inc.’s holdings in Goldman Sachs BDC were worth $161,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in shares of Goldman Sachs BDC by 10.4% in the third quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider’s stock valued at $36,408,000 after purchasing an additional 255,458 shares in the last quarter. Marshall Wace LLP bought a new position in Goldman Sachs BDC in the 2nd quarter valued at $18,533,000. Shikiar Asset Management Inc. increased its stake in shares of Goldman Sachs BDC by 16.1% in the 2nd quarter. Shikiar Asset Management Inc. now owns 554,290 shares of the financial services provider’s stock valued at $8,331,000 after buying an additional 76,715 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Goldman Sachs BDC by 17.9% during the second quarter. Envestnet Asset Management Inc. now owns 523,071 shares of the financial services provider’s stock worth $7,862,000 after acquiring an additional 79,315 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Goldman Sachs BDC by 8.9% during the second quarter. Cetera Investment Advisers now owns 422,010 shares of the financial services provider’s stock valued at $6,343,000 after acquiring an additional 34,631 shares during the period. 28.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GSBD has been the subject of a number of research reports. Truist Financial lowered their price objective on 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. Wells Fargo & Company upgraded shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and lowered their price target for the stock from $14.00 to $12.00 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.

Goldman Sachs BDC Stock Down 0.2 %

Shares of Goldman Sachs BDC stock opened at $13.06 on Thursday. The business has a fifty day simple moving average of $13.47 and a 200 day simple moving average of $14.39. The stock has a market cap of $1.53 billion, a PE ratio of 18.66 and a beta of 1.07. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC, Inc. has a 12 month low of $12.67 and a 12 month high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $110.41 million during the quarter, compared to analysts’ expectations of $112.43 million. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. During the same period in the prior year, the business posted $0.64 EPS. Research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be issued a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 13.78%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 257.14%.

Goldman Sachs BDC Profile

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.