Goldman Sachs BDC (NYSE:GSBD) Director Carlos Evans Acquires 50,000 Shares

Goldman Sachs BDC, Inc. (NYSE:GSBD) Director Carlos Evans purchased 50,000 shares of Goldman Sachs BDC stock in a transaction on Thursday, April 2nd. The stock was bought at an average cost of $9.02 per share, with a total value of $451,000.00. Following the completion of the acquisition, the director owned 64,446 shares in the company, valued at approximately $581,302.92. This trade represents a 346.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Goldman Sachs BDC Price Performance

Shares of GSBD stock opened at $9.26 on Tuesday. The stock has a 50 day moving average of $9.21 and a two-hundred day moving average of $9.59. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.32. Goldman Sachs BDC, Inc. has a 12 month low of $8.66 and a 12 month high of $12.03. The company has a market capitalization of $1.04 billion, a P/E ratio of 8.90 and a beta of 0.57.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Friday, February 27th. The financial services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Goldman Sachs BDC had a return on equity of 12.23% and a net margin of 32.62%.The company had revenue of $38.79 million during the quarter, compared to the consensus estimate of $87.18 million. As a group, equities analysts expect that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date of this dividend is Tuesday, March 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 123.08%.

Hedge Funds Weigh In On Goldman Sachs BDC

Several institutional investors have recently added to or reduced their stakes in GSBD. ORG Partners LLC bought a new position in Goldman Sachs BDC during the 4th quarter valued at about $33,000. CWM LLC lifted its holdings in Goldman Sachs BDC by 187.8% during the 3rd quarter. CWM LLC now owns 4,864 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 3,174 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Goldman Sachs BDC during the 3rd quarter valued at about $51,000. Kestra Advisory Services LLC bought a new position in Goldman Sachs BDC during the 4th quarter valued at about $57,000. Finally, Quantbot Technologies LP bought a new position in Goldman Sachs BDC during the 2nd quarter valued at about $62,000. 28.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.