PFG Investments LLC Acquires 4,171 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

PFG Investments LLC lifted its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 16.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 29,126 shares of the financial services provider’s stock after purchasing an additional 4,171 shares during the period. PFG Investments LLC’s holdings in Goldman Sachs BDC were worth $438,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norden Group LLC increased its stake in shares of Goldman Sachs BDC by 1,000.5% in the 1st quarter. Norden Group LLC now owns 119,304 shares of the financial services provider’s stock valued at $1,787,000 after buying an additional 108,463 shares during the period. Shikiar Asset Management Inc. increased its position in Goldman Sachs BDC by 16.1% in the second quarter. Shikiar Asset Management Inc. now owns 554,290 shares of the financial services provider’s stock worth $8,331,000 after purchasing an additional 76,715 shares during the period. Confluence Investment Management LLC bought a new stake in Goldman Sachs BDC during the 1st quarter worth about $2,786,000. Naviter Wealth LLC acquired a new position in Goldman Sachs BDC during the 1st quarter valued at about $1,304,000. Finally, Cetera Advisors LLC boosted its stake in shares of Goldman Sachs BDC by 762.7% in the 1st quarter. Cetera Advisors LLC now owns 136,015 shares of the financial services provider’s stock valued at $2,038,000 after purchasing an additional 120,249 shares during the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GSBD has been the topic of several analyst reports. StockNews.com lowered shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Truist Financial cut their price target on Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, August 12th. Finally, Wells Fargo & Company upgraded Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and reduced their price target for the stock from $14.00 to $12.00 in a research report on Monday, August 12th.

Goldman Sachs BDC Stock Up 1.6 %

Shares of NYSE:GSBD opened at $14.07 on Friday. The company has a 50 day moving average price of $14.53 and a two-hundred day moving average price of $15.05. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $1.58 billion, a PE ratio of 7.33 and a beta of 1.07. Goldman Sachs BDC, Inc. has a 52 week low of $13.39 and a 52 week high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, August 8th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.05. Goldman Sachs BDC had a return on equity of 15.79% and a net margin of 19.84%. The firm had revenue of $108.62 million for the quarter, compared to analyst estimates of $112.07 million. Analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.80 annualized dividend and a yield of 12.79%. Goldman Sachs BDC’s dividend payout ratio is currently 93.75%.

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.