International Assets Investment Management LLC Buys 59,811 Shares of Goldman Sachs BDC, Inc. $GSBD

International Assets Investment Management LLC raised its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 228.1% in the third quarter, HoldingsChannel.com reports. The firm owned 86,031 shares of the financial services provider’s stock after buying an additional 59,811 shares during the period. International Assets Investment Management LLC’s holdings in Goldman Sachs BDC were worth $782,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GSBD. Integrated Wealth Concepts LLC bought a new stake in shares of Goldman Sachs BDC in the 2nd quarter worth $89,000. Prosperity Planning Inc. acquired a new stake in shares of Goldman Sachs BDC in the third quarter valued at $134,000. Sovran Advisors LLC lifted its holdings in shares of Goldman Sachs BDC by 14.4% in the first quarter. Sovran Advisors LLC now owns 14,245 shares of the financial services provider’s stock valued at $140,000 after buying an additional 1,790 shares during the period. Janney Montgomery Scott LLC boosted its stake in Goldman Sachs BDC by 17.6% during the first quarter. Janney Montgomery Scott LLC now owns 17,000 shares of the financial services provider’s stock valued at $151,000 after buying an additional 2,545 shares in the last quarter. Finally, Southern Financial Group LLC boosted its stake in Goldman Sachs BDC by 11.1% during the first quarter. Southern Financial Group LLC now owns 18,110 shares of the financial services provider’s stock valued at $161,000 after buying an additional 1,806 shares in the last quarter. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Trading Up 1.3%

Goldman Sachs BDC stock opened at $8.95 on Thursday. Goldman Sachs BDC, Inc. has a 52 week low of $8.35 and a 52 week high of $10.38. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 17.20 and a beta of 0.62. The company has a 50 day moving average price of $9.29 and a 200 day moving average price of $9.25.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Thursday, August 6th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. The company had revenue of $83.72 million for the quarter, compared to the consensus estimate of $78.89 million. Goldman Sachs BDC had a net margin of 17.19% and a return on equity of 11.04%. Research analysts forecast that Goldman Sachs BDC, Inc. will post 1.30 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Goldman Sachs BDC in a report on Friday, August 28th. The Goldman Sachs Group downgraded Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 price objective for the company. in a research report on Thursday, July 9th. Zacks Research raised Goldman Sachs BDC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 29th. Finally, Truist Financial lifted their target price on Goldman Sachs BDC from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $8.75.

Goldman Sachs BDC Company Profile

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.