Private Advisor Group LLC Has $669,000 Stock Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Private Advisor Group LLC lifted its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 22.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,594 shares of the financial services provider’s stock after purchasing an additional 9,035 shares during the quarter. Private Advisor Group LLC’s holdings in Goldman Sachs BDC were worth $669,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Rothschild Investment LLC acquired a new position in Goldman Sachs BDC in the second quarter worth about $113,000. Zions Bancorporation N.A. bought a new position in shares of Goldman Sachs BDC during the 2nd quarter worth approximately $128,000. Centaurus Financial Inc. lifted its position in shares of Goldman Sachs BDC by 15.9% during the 2nd quarter. Centaurus Financial Inc. now owns 9,584 shares of the financial services provider’s stock worth $144,000 after buying an additional 1,316 shares during the period. Accel Wealth Management acquired a new stake in Goldman Sachs BDC in the 2nd quarter valued at $150,000. Finally, B. Riley Wealth Advisors Inc. raised its stake in Goldman Sachs BDC by 11.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 11,500 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 1,146 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. 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. Wells Fargo & Company raised shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $14.00 to $12.00 in a research note on Monday, August 12th. Finally, StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th.

Goldman Sachs BDC Stock Performance

Goldman Sachs BDC stock opened at $13.21 on Monday. The stock has a 50-day simple moving average of $13.87 and a 200 day simple moving average of $14.71. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 15.54 and a beta of 1.07. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.22. Goldman Sachs BDC, Inc. has a 12-month low of $13.14 and a 12-month high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. Goldman Sachs BDC had a net margin of 19.84% and a return on equity of 15.79%. The firm had revenue of $108.62 million during the quarter, compared to analysts’ expectations of $112.07 million. On average, research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 earnings per share 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. Shareholders of record on Monday, September 30th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 13.63%. The ex-dividend date of this dividend was Monday, September 30th. Goldman Sachs BDC’s dividend payout ratio is 211.76%.

Goldman Sachs BDC Company 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.