Advisors Asset Management Inc. increased its position in shares of Goldman Sachs BDC Inc. (NYSE:GSBD) by 436.0% during the second quarter, Holdings Channel reports. The fund owned 29,133 shares of the company’s stock after buying an additional 23,698 shares during the period. Advisors Asset Management Inc.’s holdings in Goldman Sachs BDC were worth $582,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Goldman Sachs BDC by 7.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,483,653 shares of the company’s stock worth $127,079,000 after buying an additional 432,638 shares during the last quarter. Muzinich & Co. Inc. boosted its position in shares of Goldman Sachs BDC by 7.9% in the second quarter. Muzinich & Co. Inc. now owns 435,386 shares of the company’s stock worth $8,703,000 after buying an additional 31,976 shares during the last quarter. Confluence Investment Management LLC boosted its position in shares of Goldman Sachs BDC by 30.1% in the second quarter. Confluence Investment Management LLC now owns 218,493 shares of the company’s stock worth $4,368,000 after buying an additional 50,514 shares during the last quarter. BlackRock Group LTD bought a new position in shares of Goldman Sachs BDC during the first quarter worth about $2,965,000. Finally, Mckinley Capital Management LLC Delaware boosted its position in shares of Goldman Sachs BDC by 16.8% in the first quarter. Mckinley Capital Management LLC Delaware now owns 94,724 shares of the company’s stock worth $1,857,000 after buying an additional 13,603 shares during the last quarter. 29.96% of the stock is owned by institutional investors.
Goldman Sachs BDC Inc. (NYSE:GSBD) traded up 0.36% on Monday, hitting $22.00. The company had a trading volume of 68,415 shares. Goldman Sachs BDC Inc. has a 12-month low of $16.66 and a 12-month high of $22.35. The firm has a 50-day moving average price of $21.35 and a 200-day moving average price of $20.19.
Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by $0.01. Goldman Sachs BDC had a net margin of 21.58% and a return on equity of 12.04%. During the same period in the prior year, the firm posted $0.50 earnings per share. On average, equities research analysts forecast that Goldman Sachs BDC Inc. will post $2.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.21%. The ex-dividend date is Wednesday, September 28th. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 243.24%.
GSBD has been the subject of a number of analyst reports. National Securities reissued a “buy” rating and set a $23.00 price objective on shares of Goldman Sachs BDC in a report on Monday, August 8th. Zacks Investment Research cut Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. Finally, Credit Suisse Group AG cut their price objective on Goldman Sachs BDC from $21.00 to $19.50 and set a “neutral” rating for the company in a report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $21.88.
About Goldman Sachs BDC
Goldman Sachs BDC, Inc, formerly Goldman Sachs Liberty Harbor Capital, LLC, is a closed-end management investment company. The Company is focused on lending to middle-market companies. Its investment objective is to generate current income and capital appreciation through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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