Cubist Systematic Strategies LLC Increases Stake in Goldman Sachs BDC, Inc. $GSBD

Cubist Systematic Strategies LLC raised its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 111.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,958 shares of the financial services provider’s stock after acquiring an additional 20,575 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Goldman Sachs BDC were worth $453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nicholas Hoffman & Company LLC. increased its holdings in Goldman Sachs BDC by 5.1% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 19,291 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 938 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Goldman Sachs BDC by 6.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,835 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 1,147 shares in the last quarter. Captrust Financial Advisors increased its holdings in Goldman Sachs BDC by 10.9% during the 4th quarter. Captrust Financial Advisors now owns 11,861 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 1,165 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Goldman Sachs BDC by 7.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 26,316 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 1,842 shares in the last quarter. Finally, Centaurus Financial Inc. increased its holdings in Goldman Sachs BDC by 16.5% during the 4th quarter. Centaurus Financial Inc. now owns 13,603 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 1,925 shares in the last quarter. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a report on Friday, August 15th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell” and a consensus target price of $10.00.

Goldman Sachs BDC Price Performance

Goldman Sachs BDC stock opened at $11.33 on Thursday. Goldman Sachs BDC, Inc. has a 1 year low of $9.51 and a 1 year high of $14.54. The firm has a 50 day moving average price of $11.47 and a 200 day moving average price of $11.42. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 8.99 and a beta of 0.75. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.50 and a current ratio of 1.50.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, August 7th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). Goldman Sachs BDC had a net margin of 36.17% and a return on equity of 13.95%. The company had revenue of $90.97 million during the quarter, compared to analysts’ expectations of $94.55 million. Sell-side analysts predict that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 29th. Goldman Sachs BDC’s payout ratio is 101.59%.

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.