Goldman Sachs BDC, Inc. $GSBD Stock Holdings Raised by Private Management Group Inc.

Key Points

• Private Management Group increased its GSBD stake by 5.0% in the third quarter, adding 261,504 shares to hold about 5.44 million shares worth $49.45 million.
• Goldman Sachs BDC reported quarterly EPS of $0.32, below the $0.35 analyst consensus, and revenue of $74.99 million versus expectations of $80.13 million. Analysts’ average rating was “Reduce,” with an average price target of $8.75.
• The company declared a quarterly dividend of $0.32 per share, equivalent to a 14.9% yield at the article’s quoted price; its reported dividend payout ratio was 492.31%.

Private Management Group Inc. lifted its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,440,142 shares of the financial services provider's stock after acquiring an additional 261,504 shares during the period. Goldman Sachs BDC makes up approximately 1.2% of Private Management Group Inc.'s portfolio, making the stock its 6th largest position. Private Management Group Inc. owned approximately 4.83% of Goldman Sachs BDC worth $49,451,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen raised Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings downgraded Goldman Sachs BDC from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, November 4th. Zacks Research raised Goldman Sachs BDC from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 29th. Finally, Truist Financial upped their target price on shares of Goldman Sachs BDC from $9.00 to $10.00 and gave the company a "hold" rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $8.75.

Goldman Sachs BDC Trading Down 0.5%

Shares of GSBD stock opened at $8.60 on Tuesday. Goldman Sachs BDC, Inc. has a 12-month low of $8.35 and a 12-month high of $10.38. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.36. The firm's 50 day moving average is $9.20 and its 200 day moving average is $9.24. The stock has a market capitalization of $967.65 million, a P/E ratio of 33.06 and a beta of 0.62.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last posted its earnings results on Thursday, November 5th. The financial services provider reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). The company had revenue of $74.99 million during the quarter, compared to the consensus estimate of $80.13 million. Goldman Sachs BDC had a return on equity of 11.04% and a net margin of 17.19%. Research analysts expect that Goldman Sachs BDC, Inc. will post 1.30 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 27th. Stockholders of record on Thursday, December 31st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date is Thursday, December 31st. Goldman Sachs BDC's dividend payout ratio (DPR) is 492.31%.

Goldman Sachs BDC 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.

Want to see what other hedge funds are holding GSBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.