Farther Finance Advisors LLC Purchases 1,981 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Farther Finance Advisors LLC lifted its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 4,607.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,024 shares of the financial services provider’s stock after acquiring an additional 1,981 shares during the period. Farther Finance Advisors LLC’s holdings in Goldman Sachs BDC were worth $28,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Rothschild Investment LLC purchased a new position in shares of Goldman Sachs BDC during the 2nd quarter valued at about $113,000. Zions Bancorporation N.A. purchased a new position in Goldman Sachs BDC during the second quarter valued at approximately $128,000. Centaurus Financial Inc. boosted its position in shares of Goldman Sachs BDC by 15.9% in the second quarter. Centaurus Financial Inc. now owns 9,584 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 1,316 shares during the period. Accel Wealth Management purchased a new stake in shares of Goldman Sachs BDC in the second quarter worth $150,000. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of Goldman Sachs BDC by 11.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 11,500 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 1,146 shares during the period. Institutional investors own 28.72% of the company’s stock.

Analyst Upgrades and Downgrades

GSBD has been the subject of several recent analyst reports. 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 report on Monday, August 12th. StockNews.com raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company raised shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $14.00 to $12.00 in a report on Monday, August 12th.

Goldman Sachs BDC Stock Up 0.0 %

NYSE GSBD opened at $12.77 on Friday. The stock has a 50 day moving average price of $13.64 and a 200-day moving average price of $14.54. Goldman Sachs BDC, Inc. has a one year low of $12.67 and a one year high of $15.94. The company has a market capitalization of $1.50 billion, a P/E ratio of 18.24 and a beta of 1.07. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. The business had revenue of $110.41 million during the quarter, compared to analyst estimates of $112.43 million. During the same period last year, the company earned $0.64 EPS. As a group, equities analysts predict that Goldman Sachs BDC, Inc. will post 2.18 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be issued a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 14.10%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 257.15%.

About Goldman Sachs BDC

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.