Bank of Montreal Can lowered its position in shares of Goldman Sachs BDC Inc (NYSE:GSBD) by 30.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 275,000 shares of the financial services provider’s stock after selling 120,000 shares during the period. Bank of Montreal Can owned about 0.68% of Goldman Sachs BDC worth $6,099,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. US Bancorp DE acquired a new stake in Goldman Sachs BDC in the second quarter worth about $240,000. Raymond James & Associates lifted its holdings in shares of Goldman Sachs BDC by 78.2% during the second quarter. Raymond James & Associates now owns 57,042 shares of the financial services provider’s stock worth $1,168,000 after purchasing an additional 25,040 shares during the period. Legal & General Group Plc lifted its holdings in shares of Goldman Sachs BDC by 17.5% during the first quarter. Legal & General Group Plc now owns 145,983 shares of the financial services provider’s stock worth $2,799,000 after purchasing an additional 21,771 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Goldman Sachs BDC during the second quarter worth about $427,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Goldman Sachs BDC by 257.3% during the second quarter. CIBC Private Wealth Group LLC now owns 96,103 shares of the financial services provider’s stock worth $1,968,000 after purchasing an additional 69,203 shares during the period. Hedge funds and other institutional investors own 34.66% of the company’s stock.
Several brokerages recently weighed in on GSBD. Zacks Investment Research cut Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Wells Fargo & Co reduced their price target on Goldman Sachs BDC from $20.25 to $20.00 and set a “market perform” rating for the company in a research report on Thursday, October 4th. Citigroup began coverage on Goldman Sachs BDC in a research report on Thursday, August 23rd. They set a “neutral” rating and a $23.00 price target for the company. National Securities reiterated a “buy” rating and set a $23.00 price target on shares of Goldman Sachs BDC in a research report on Monday, August 6th. Finally, Goldman Sachs Group boosted their price objective on Goldman Sachs BDC and gave the company an “outperform” rating in a research report on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $22.96.
Shares of GSBD traded up $0.33 during trading hours on Thursday, hitting $21.05. 116,920 shares of the stock were exchanged, compared to its average volume of 108,255. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.60 and a current ratio of 0.60. Goldman Sachs BDC Inc has a 12-month low of $18.78 and a 12-month high of $22.75. The stock has a market capitalization of $833.52 million, a price-to-earnings ratio of 10.17, a PEG ratio of 10.45 and a beta of 0.82.
Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. Goldman Sachs BDC had a return on equity of 10.93% and a net margin of 46.38%. The firm had revenue of $38.00 million during the quarter, compared to analysts’ expectations of $36.84 million. During the same period in the previous year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts predict that Goldman Sachs BDC Inc will post 1.98 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date is Friday, December 28th. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 86.96%.
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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.
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