Goldman Sachs BDC, Inc. $GSBD Stake Boosted by North Ground Capital

Key Points

• North Ground Capital significantly increased its stake in Goldman Sachs BDC, Inc. by 473.8% during the first quarter, now holding 280,000 shares valued at approximately $2.99 million.
• Goldman Sachs BDC has been assigned a consensus rating of "Sell" by equity analysts, with a target price reduced from $12.00 to $10.00.
• The company recently declared a dividend of $0.03 per share, reflecting a yield of 1,743.0%, but its dividend payout ratio currently stands at 101.59%.

North Ground Capital increased its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 473.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 280,000 shares of the financial services provider's stock after purchasing an additional 231,205 shares during the quarter. Goldman Sachs BDC accounts for 2.9% of North Ground Capital's portfolio, making the stock its 10th biggest holding. North Ground Capital owned about 0.24% of Goldman Sachs BDC worth $2,996,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GSBD. Stiles Financial Services Inc lifted its stake in Goldman Sachs BDC by 165.4% during the 1st quarter. Stiles Financial Services Inc now owns 84,083 shares of the financial services provider's stock valued at $978,000 after acquiring an additional 52,406 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Goldman Sachs BDC by 24.6% during the first quarter. Envestnet Asset Management Inc. now owns 125,142 shares of the financial services provider's stock valued at $1,455,000 after purchasing an additional 24,687 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Goldman Sachs BDC by 7.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 418,070 shares of the financial services provider's stock valued at $4,862,000 after purchasing an additional 30,172 shares during the period. Ameriprise Financial Inc. boosted its holdings in Goldman Sachs BDC by 25.6% in the fourth quarter. Ameriprise Financial Inc. now owns 125,016 shares of the financial services provider's stock worth $1,477,000 after purchasing an additional 25,491 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Goldman Sachs BDC by 198.6% during the 4th quarter. BNP Paribas Financial Markets now owns 105,442 shares of the financial services provider's stock valued at $1,276,000 after buying an additional 70,131 shares during the last quarter. Hedge funds and other institutional investors own 28.72% of the company's stock.

Goldman Sachs BDC Trading Up 0.2%

GSBD stock traded up $0.03 during midday trading on Friday, reaching $11.45. The company's stock had a trading volume of 448,192 shares, compared to its average volume of 769,131. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a fifty day simple moving average of $11.48 and a two-hundred day simple moving average of $11.52. Goldman Sachs BDC, Inc. has a 1 year low of $9.51 and a 1 year high of $14.54. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 9.08 and a beta of 0.75.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last released its earnings results on Thursday, August 7th. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). Goldman Sachs BDC had a return on equity of 13.95% and a net margin of 36.17%.The business had revenue of $90.97 million during the quarter, compared to analysts' expectations of $94.55 million. On average, equities research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.03 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.12 dividend on an annualized basis and a yield of 1.0%. Goldman Sachs BDC's dividend payout ratio (DPR) is presently 101.59%.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Goldman Sachs BDC from a "hold" rating to a "strong sell" rating in a research report on Friday, August 15th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Goldman Sachs BDC currently has an average rating of "Sell" and a consensus target price of $10.00.

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.