Goldman Sachs BDC (NYSE:GSBD) Director Timothy Leach Buys 2,004 Shares of Stock

Goldman Sachs BDC, Inc. (NYSE:GSBD) Director Timothy Leach purchased 2,004 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were acquired at an average cost of $9.04 per share, for a total transaction of $18,116.16. Following the completion of the transaction, the director directly owned 19,675 shares in the company, valued at approximately $177,862. This represents a 11.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Goldman Sachs BDC Trading Down 0.1%

Shares of NYSE:GSBD opened at $9.10 on Friday. The company’s 50-day moving average price is $9.23 and its two-hundred day moving average price is $9.35. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.11 and a quick ratio of 1.11. Goldman Sachs BDC, Inc. has a one year low of $8.65 and a one year high of $12.03. The stock has a market capitalization of $1.02 billion, a PE ratio of 13.99 and a beta of 0.58.

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

Goldman Sachs BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.28 annualized dividend and a yield of 14.1%. Goldman Sachs BDC’s payout ratio is 196.92%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GSBD. ORG Partners LLC acquired a new position in Goldman Sachs BDC in the 4th quarter valued at about $33,000. Kestra Advisory Services LLC acquired a new position in Goldman Sachs BDC in the 4th quarter valued at about $57,000. Quantbot Technologies LP acquired a new position in Goldman Sachs BDC in the 2nd quarter valued at about $62,000. SHP Wealth Management acquired a new position in Goldman Sachs BDC in the 4th quarter valued at about $63,000. Finally, Advisory Services Network LLC acquired a new position in Goldman Sachs BDC in the 3rd quarter valued at about $68,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

Wall Street Analyst Weigh In

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

About Goldman Sachs BDC

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.