Goldman Sachs BDC, Inc. $GSBD Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 55.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 711,965 shares of the financial services provider’s stock after purchasing an additional 254,828 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Goldman Sachs BDC were worth $7,241,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Goldman Sachs BDC during the second quarter valued at about $97,711,000. Farther Finance Advisors LLC acquired a new position in shares of Goldman Sachs BDC in the 2nd quarter worth approximately $34,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Goldman Sachs BDC during the 2nd quarter worth approximately $142,000. Norden Group LLC increased its holdings in Goldman Sachs BDC by 65.8% in the 2nd quarter. Norden Group LLC now owns 34,939 shares of the financial services provider’s stock valued at $393,000 after purchasing an additional 13,872 shares during the last quarter. Finally, Investment Partners Asset Management Inc. raised its position in Goldman Sachs BDC by 3.8% in the second quarter. Investment Partners Asset Management Inc. now owns 106,141 shares of the financial services provider’s stock valued at $1,194,000 after purchasing an additional 3,841 shares during the period. Institutional investors and hedge funds own 28.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GSBD shares. Zacks Research upgraded Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Goldman Sachs BDC in a research note on Monday, December 29th. The Goldman Sachs Group initiated coverage on Goldman Sachs BDC in a report on Monday, December 15th. They set a “neutral” rating and a $10.50 target price for the company. Lucid Cap Mkts upgraded shares of Goldman Sachs BDC to a “hold” rating in a research note on Monday, December 15th. Finally, Wells Fargo & Company reduced their price target on shares of Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Monday, November 10th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Goldman Sachs BDC presently has a consensus rating of “Reduce” and a consensus price target of $9.75.

Goldman Sachs BDC Price Performance

GSBD stock opened at $9.31 on Friday. Goldman Sachs BDC, Inc. has a 1 year low of $8.92 and a 1 year high of $13.44. The business’s 50-day moving average is $9.63 and its two-hundred day moving average is $10.47. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a market capitalization of $1.06 billion, a P/E ratio of 8.02 and a beta of 0.63.

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

Goldman Sachs BDC Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 13.8%. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, December 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 110.34%.

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.