Argentarii LLC Acquires Shares of 63,000 Goldman Sachs BDC, Inc. $GSBD

Argentarii LLC bought a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 63,000 shares of the financial services provider’s stock, valued at approximately $585,000. Argentarii LLC owned approximately 0.06% of Goldman Sachs BDC at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. CIBC Bancorp USA Inc. purchased a new stake in Goldman Sachs BDC during the 3rd quarter worth $138,000. Centaurus Financial Inc. grew its stake in Goldman Sachs BDC by 67.2% during the 3rd quarter. Centaurus Financial Inc. now owns 32,432 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 13,035 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Goldman Sachs BDC during the 3rd quarter worth approximately $68,000. Icon Advisers Inc. Co. raised its position in shares of Goldman Sachs BDC by 197.8% in the 3rd quarter. Icon Advisers Inc. Co. now owns 115,889 shares of the financial services provider’s stock valued at $1,179,000 after purchasing an additional 76,969 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Goldman Sachs BDC by 21.8% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 141,682 shares of the financial services provider’s stock valued at $1,523,000 after purchasing an additional 25,403 shares in the last quarter. 28.72% of the stock is owned by institutional investors and hedge funds.

Goldman Sachs BDC Trading Down 1.4%

Goldman Sachs BDC stock opened at $9.10 on Friday. The firm has a 50-day moving average price of $9.26 and a two-hundred day moving average price of $9.73. Goldman Sachs BDC, Inc. has a 52-week low of $8.81 and a 52-week high of $12.38. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 8.75 and a beta of 0.62. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.32.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data on Friday, February 27th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $38.79 million during the quarter, compared to the consensus estimate of $87.18 million. Goldman Sachs BDC had a return on equity of 12.23% and a net margin of 32.62%. Sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 14.1%. The ex-dividend date is Tuesday, March 31st. Goldman Sachs BDC’s dividend payout ratio is currently 123.08%.

Analysts Set New Price Targets

Several equities analysts have recently commented on GSBD shares. Lucid Cap Mkts raised shares of Goldman Sachs BDC to a “hold” rating in a research report on Monday, December 15th. Wall Street Zen upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Sunday, March 15th. The Goldman Sachs Group assumed coverage on shares of Goldman Sachs BDC in a report on Monday, December 15th. They issued a “neutral” rating and a $10.50 price objective for the company. Wells Fargo & Company dropped their target price on shares of Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Monday, March 2nd. Finally, Weiss Ratings upgraded shares of Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, March 5th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $9.50.

Goldman Sachs BDC Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.