Ethos Financial Group LLC Buys 66,203 Shares of Goldman Sachs BDC, Inc. $GSBD

Ethos Financial Group LLC lifted its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 247.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,005 shares of the financial services provider’s stock after buying an additional 66,203 shares during the period. Ethos Financial Group LLC owned about 0.08% of Goldman Sachs BDC worth $884,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its position in Goldman Sachs BDC by 55.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 711,965 shares of the financial services provider’s stock worth $7,241,000 after acquiring an additional 254,828 shares during the last quarter. Ares Management LLC raised its position in Goldman Sachs BDC by 72.8% in the second quarter. Ares Management LLC now owns 798,421 shares of the financial services provider’s stock valued at $8,982,000 after purchasing an additional 336,437 shares during the last quarter. Muzinich & Co. Inc. raised its position in Goldman Sachs BDC by 50.9% in the third quarter. Muzinich & Co. Inc. now owns 766,299 shares of the financial services provider’s stock valued at $7,793,000 after purchasing an additional 258,362 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Goldman Sachs BDC by 176.0% during the second quarter. Osaic Holdings Inc. now owns 520,676 shares of the financial services provider’s stock valued at $5,858,000 after purchasing an additional 332,002 shares in the last quarter. Finally, TT Capital Management LLC acquired a new stake in shares of Goldman Sachs BDC during the second quarter valued at about $1,202,000. 28.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Weiss Ratings raised Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, March 5th. Lucid Cap Mkts raised shares of Goldman Sachs BDC to a “hold” rating in a report on Monday, December 15th. The Goldman Sachs Group assumed coverage on shares of Goldman Sachs BDC in a research report on Monday, December 15th. They issued a “neutral” rating and a $10.50 price target for the company. Wells Fargo & Company dropped their price target on shares of Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Monday, March 2nd. Finally, Truist Financial cut their price target on shares of Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, March 4th. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Goldman Sachs BDC has a consensus rating of “Reduce” and a consensus target price of $9.50.

Goldman Sachs BDC Trading Up 0.1%

NYSE GSBD opened at $9.04 on Monday. The stock has a market capitalization of $1.02 billion, a P/E ratio of 8.69 and a beta of 0.57. The business has a 50 day simple moving average of $9.22 and a 200 day simple moving average of $9.61. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.01 and a quick ratio of 1.01. Goldman Sachs BDC, Inc. has a one year low of $8.66 and a one year high of $12.03.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results 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. Goldman Sachs BDC had a net margin of 32.62% and a return on equity of 12.23%. The business had revenue of $38.79 million for the quarter, compared to analyst estimates of $87.18 million. Research analysts expect that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, March 31st will be issued a $0.32 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.28 annualized dividend and a dividend yield of 14.2%. Goldman Sachs BDC’s dividend payout ratio is currently 123.08%.

Goldman Sachs BDC Company 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.