Shikiar Asset Management Inc. Acquires 28,100 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Shikiar Asset Management Inc. increased its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 450,090 shares of the financial services provider’s stock after buying an additional 28,100 shares during the period. Goldman Sachs BDC accounts for about 1.4% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 26th biggest holding. Shikiar Asset Management Inc.’s holdings in Goldman Sachs BDC were worth $5,446,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Marshall Wace LLP acquired a new stake in Goldman Sachs BDC during the 2nd quarter worth $18,533,000. International Assets Investment Management LLC boosted its position in shares of Goldman Sachs BDC by 2,121.3% in the 3rd quarter. International Assets Investment Management LLC now owns 329,200 shares of the financial services provider’s stock worth $45,300,000 after purchasing an additional 314,380 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Goldman Sachs BDC by 10.4% during the third quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider’s stock worth $36,408,000 after purchasing an additional 255,458 shares during the period. JPMorgan Chase & Co. increased its holdings in Goldman Sachs BDC by 221.7% in the third quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider’s stock valued at $3,061,000 after purchasing an additional 153,316 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Goldman Sachs BDC in the third quarter valued at about $1,101,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th.

Goldman Sachs BDC Trading Down 1.1 %

GSBD opened at $12.27 on Friday. Goldman Sachs BDC, Inc. has a twelve month low of $11.72 and a twelve month high of $15.94. The firm has a market cap of $1.44 billion, a PE ratio of 17.53 and a beta of 1.06. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The firm’s fifty day moving average is $12.66 and its two-hundred day moving average is $13.67.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. The firm had revenue of $110.41 million during the quarter, compared to analysts’ expectations of $112.43 million. During the same period in the previous year, the firm earned $0.64 earnings per share. Equities research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 14.67%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 257.15%.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.