Verdence Capital Advisors LLC Takes Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Verdence Capital Advisors LLC bought a new stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) during the third quarter, according to its most recent filing with the SEC. The firm bought 13,350 shares of the financial services provider’s stock, valued at approximately $184,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GSBD. Van ECK Associates Corp grew its position in shares of Goldman Sachs BDC by 10.4% in the third quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider’s stock valued at $36,408,000 after purchasing an additional 255,458 shares during the last quarter. Shikiar Asset Management Inc. lifted its holdings in shares of Goldman Sachs BDC by 16.1% during the second quarter. Shikiar Asset Management Inc. now owns 554,290 shares of the financial services provider’s stock worth $8,331,000 after buying an additional 76,715 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Goldman Sachs BDC in the second quarter worth $18,533,000. J.W. Cole Advisors Inc. bought a new position in Goldman Sachs BDC during the third quarter worth $526,000. Finally, Naviter Wealth LLC raised its stake in Goldman Sachs BDC by 55.3% during the 2nd quarter. Naviter Wealth LLC now owns 131,241 shares of the financial services provider’s stock valued at $2,032,000 after purchasing an additional 46,760 shares during the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Trading Down 1.9 %

NYSE GSBD opened at $12.71 on Wednesday. The company has a market capitalization of $1.49 billion, a PE ratio of 18.16 and a beta of 1.07. The stock has a 50-day simple moving average of $13.71 and a 200 day simple moving average of $14.58. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.22. Goldman Sachs BDC, Inc. has a 12 month low of $12.69 and a 12 month high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. Goldman Sachs BDC had a return on equity of 15.67% and a net margin of 17.01%. The firm had revenue of $110.41 million for the quarter, compared to analyst estimates of $112.43 million. During the same period in the previous year, the company posted $0.64 earnings per share. Research analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 14.16%. Goldman Sachs BDC’s dividend payout ratio is currently 257.15%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Truist Financial reduced their target price on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, August 12th. StockNews.com raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company upgraded Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $14.00 to $12.00 in a research note on Monday, August 12th.

Goldman Sachs BDC Profile

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.