Osaic Holdings Inc. Has $5.86 Million Position in Goldman Sachs BDC, Inc. $GSBD

Osaic Holdings Inc. raised its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 176.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 520,676 shares of the financial services provider’s stock after purchasing an additional 332,002 shares during the period. Osaic Holdings Inc.’s holdings in Goldman Sachs BDC were worth $5,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MTM Investment Management LLC acquired a new stake in shares of Goldman Sachs BDC during the 2nd quarter valued at about $25,000. Farther Finance Advisors LLC acquired a new position in Goldman Sachs BDC in the second quarter worth about $34,000. Private Trust Co. NA lifted its stake in Goldman Sachs BDC by 1,471.7% during the second quarter. Private Trust Co. NA now owns 5,045 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 4,724 shares during the period. Quantbot Technologies LP bought a new position in Goldman Sachs BDC during the second quarter worth about $62,000. Finally, Allworth Financial LP boosted its holdings in Goldman Sachs BDC by 48,594.1% during the second quarter. Allworth Financial LP now owns 8,278 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 8,261 shares in the last quarter. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Stock Performance

Shares of NYSE:GSBD opened at $9.60 on Tuesday. Goldman Sachs BDC, Inc. has a twelve month low of $9.35 and a twelve month high of $13.44. The firm has a market cap of $1.10 billion, a PE ratio of 8.28 and a beta of 0.64. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.81 and a current ratio of 1.81. The business has a fifty day moving average of $9.84 and a 200-day moving average of $10.76.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. Goldman Sachs BDC had a net margin of 34.72% and a return on equity of 12.78%. The business had revenue of $91.60 million for the quarter, compared to the consensus estimate of $88.16 million. On average, equities research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 27th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 13.3%. This is an increase from Goldman Sachs BDC’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Wednesday, December 31st. Goldman Sachs BDC’s payout ratio is currently 110.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GSBD shares. Wells Fargo & Company dropped their target price on Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Monday, November 10th. Lucid Cap Mkts raised Goldman Sachs BDC to a “hold” rating in a research note on Monday, December 15th. The Goldman Sachs Group started coverage on Goldman Sachs BDC in a research report on Monday, December 15th. They issued a “neutral” rating and a $10.50 price target on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Goldman Sachs BDC in a research note on Monday, December 15th. Finally, Zacks Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $9.75.

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.