Wealth Alliance Grows Stock Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Wealth Alliance lifted its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 70.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,030 shares of the financial services provider’s stock after purchasing an additional 8,685 shares during the quarter. Wealth Alliance’s holdings in Goldman Sachs BDC were worth $308,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. acquired a new stake in shares of Goldman Sachs BDC during the third quarter worth about $4,285,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Goldman Sachs BDC by 6.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,107,581 shares of the financial services provider’s stock worth $16,226,000 after purchasing an additional 67,482 shares during the period. Callodine Capital Management LP lifted its holdings in shares of Goldman Sachs BDC by 50.0% during the third quarter. Callodine Capital Management LP now owns 450,000 shares of the financial services provider’s stock worth $6,552,000 after purchasing an additional 150,000 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in shares of Goldman Sachs BDC by 38.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 25,249 shares of the financial services provider’s stock worth $374,000 after purchasing an additional 7,074 shares during the period. Finally, Global Retirement Partners LLC acquired a new stake in shares of Goldman Sachs BDC during the third quarter worth about $111,000. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Goldman Sachs BDC from $14.50 to $15.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. StockNews.com downgraded Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Saturday, March 9th.

Goldman Sachs BDC Trading Up 0.8 %

Shares of NYSE:GSBD opened at $15.26 on Friday. Goldman Sachs BDC, Inc. has a 12-month low of $12.75 and a 12-month high of $15.65. The company has a market capitalization of $1.71 billion, a PE ratio of 8.48 and a beta of 1.13. The business has a 50 day moving average of $15.17 and a two-hundred day moving average of $14.83. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.14.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $115.40 million during the quarter, compared to analysts’ expectations of $117.09 million. Goldman Sachs BDC had a net margin of 43.06% and a return on equity of 15.05%. As a group, analysts forecast that Goldman Sachs BDC, Inc. will post 2.18 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Thursday, March 28th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.80%. The ex-dividend date is Wednesday, March 27th. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 100.00%.

Goldman Sachs BDC Company 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.