Goldman Sachs BDC, Inc. $GSBD Shares Purchased by Private Management Group Inc.

Private Management Group Inc. grew its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,440,142 shares of the financial services provider’s stock after purchasing an additional 261,504 shares during the quarter. Goldman Sachs BDC makes up approximately 1.2% of Private Management Group Inc.’s holdings, making the stock its 6th biggest position. Private Management Group Inc.’s holdings in Goldman Sachs BDC were worth $49,451,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GSBD. Beach Point Capital Management LP purchased a new position in shares of Goldman Sachs BDC in the third quarter worth approximately $718,000. Ethic Inc. bought a new stake in Goldman Sachs BDC during the third quarter valued at approximately $669,000. Arlington Capital Management INC purchased a new stake in Goldman Sachs BDC during the third quarter valued at approximately $566,000. Cidel Asset Management Inc. purchased a new stake in Goldman Sachs BDC during the second quarter valued at approximately $571,000. Finally, International Assets Investment Management LLC increased its holdings in Goldman Sachs BDC by 228.1% during the third quarter. International Assets Investment Management LLC now owns 86,031 shares of the financial services provider’s stock valued at $782,000 after buying an additional 59,811 shares during the last quarter. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Down 0.5%

NYSE GSBD opened at $8.60 on Tuesday. The stock’s 50-day moving average price is $9.20 and its 200-day moving average price is $9.24. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.36. Goldman Sachs BDC, Inc. has a 52 week low of $8.35 and a 52 week high of $10.38. The company has a market capitalization of $967.65 million, a P/E ratio of 33.06 and a beta of 0.62.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, November 5th. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The company had revenue of $74.99 million for the quarter, compared to analysts’ expectations of $80.13 million. Goldman Sachs BDC had a net margin of 17.19% and a return on equity of 11.04%. On average, equities research analysts predict that Goldman Sachs BDC, Inc. will post 1.30 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 27th. Investors of record on Thursday, December 31st will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 14.9%. The ex-dividend date of this dividend is Thursday, December 31st. Goldman Sachs BDC’s dividend payout ratio is currently 492.31%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GSBD. Truist Financial increased their price target on shares of Goldman Sachs BDC from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Monday, August 10th. Wall Street Zen raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings lowered Goldman Sachs BDC from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, November 4th. Finally, Zacks Research upgraded Goldman Sachs BDC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $8.75.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc (NYSE:GSBD) is a business development company that provides financing to privately owned, middle-market companies. The company seeks to generate income and long-term capital appreciation by investing primarily in debt securities and, to a lesser extent, equity interests.

GSBD’s portfolio may include senior secured loans, first-lien and unitranche investments, second-lien loans, subordinated debt, and equity-related investments. Its financing supports companies across a range of industries and is generally used for acquisitions, recapitalizations, growth initiatives, refinancing, and other corporate purposes.

Goldman Sachs BDC is externally managed by an affiliate of Goldman Sachs Asset Management and benefits from the investment platform and resources of the Goldman Sachs organization.