Goldman Sachs BDC, Inc. $GSBD Stock Holdings Reduced by HighTower Advisors LLC

HighTower Advisors LLC lessened its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 39.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 89,350 shares of the financial services provider’s stock after selling 57,483 shares during the period. HighTower Advisors LLC’s holdings in Goldman Sachs BDC were worth $829,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GSBD. Sage Rhino Capital LLC grew its holdings in shares of Goldman Sachs BDC by 39.9% during the 4th quarter. Sage Rhino Capital LLC now owns 409,885 shares of the financial services provider’s stock worth $3,804,000 after purchasing an additional 117,000 shares in the last quarter. UBS Group AG grew its holdings in shares of Goldman Sachs BDC by 18.2% during the 4th quarter. UBS Group AG now owns 1,607,176 shares of the financial services provider’s stock worth $14,915,000 after purchasing an additional 247,163 shares in the last quarter. Argentarii LLC acquired a new stake in Goldman Sachs BDC in the 4th quarter valued at $585,000. TrueMark Investments LLC acquired a new stake in Goldman Sachs BDC in the 4th quarter valued at $902,000. Finally, Ethos Financial Group LLC boosted its stake in Goldman Sachs BDC by 247.0% in the 4th quarter. Ethos Financial Group LLC now owns 93,005 shares of the financial services provider’s stock valued at $884,000 after buying an additional 66,203 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on GSBD shares. Truist Financial decreased their price target on Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating on the stock in a research note on Tuesday, May 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Goldman Sachs BDC in a research note on Tuesday. Wells Fargo & Company decreased their price target on Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Monday, March 2nd. Wall Street Zen lowered Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Zacks Research lowered Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $9.17.

Insider Buying and Selling at Goldman Sachs BDC

In other news, Director Carlos E. Evans bought 50,000 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was bought at an average price of $9.02 per share, for a total transaction of $451,000.00. Following the completion of the transaction, the director directly owned 64,446 shares in the company, valued at $581,302.92. The trade was a 346.12% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

Goldman Sachs BDC Trading Down 2.8%

Shares of GSBD opened at $8.86 on Friday. The stock has a fifty day moving average price of $9.23 and a two-hundred day moving average price of $9.36. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.11 and a current ratio of 1.11. Goldman Sachs BDC, Inc. has a 52-week low of $8.65 and a 52-week high of $12.03. The company has a market cap of $996.81 million, a price-to-earnings ratio of 13.62 and a beta of 0.58.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.07). Goldman Sachs BDC had a net margin of 21.32% and a return on equity of 10.94%. The business had revenue of $10.35 million during the quarter, compared to the consensus estimate of $83.78 million. Analysts predict that Goldman Sachs BDC, Inc. will post 1.15 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.5%. Goldman Sachs BDC’s payout ratio is presently 196.92%.

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.