Pinebridge Investments L.P. lifted its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 40.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,968 shares of the financial services provider’s stock after purchasing an additional 4,022 shares during the period. Pinebridge Investments L.P.’s holdings in Goldman Sachs BDC were worth $318,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Muzinich & Co. Inc. increased its stake in shares of Goldman Sachs BDC by 10.1% in the 2nd quarter. Muzinich & Co. Inc. now owns 1,437,363 shares of the financial services provider’s stock worth $32,369,000 after acquiring an additional 131,366 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Goldman Sachs BDC by 23.6% in the 2nd quarter. Van ECK Associates Corp now owns 281,760 shares of the financial services provider’s stock worth $6,345,000 after acquiring an additional 53,871 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Goldman Sachs BDC by 19.0% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 271,985 shares of the financial services provider’s stock worth $6,125,000 after acquiring an additional 43,365 shares in the last quarter. CIBC World Markets Inc. increased its stake in shares of Goldman Sachs BDC by 44.0% in the 2nd quarter. CIBC World Markets Inc. now owns 200,782 shares of the financial services provider’s stock worth $4,522,000 after acquiring an additional 61,312 shares in the last quarter. Finally, Harvest Capital Management Inc increased its stake in shares of Goldman Sachs BDC by 20.0% in the 3rd quarter. Harvest Capital Management Inc now owns 151,405 shares of the financial services provider’s stock worth $3,455,000 after acquiring an additional 25,204 shares in the last quarter. 36.49% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. BidaskClub upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, National Securities reiterated a “neutral” rating and issued a $22.00 price target on shares of Goldman Sachs BDC in a research note on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $22.60.

Goldman Sachs BDC, Inc. (GSBD) traded down $0.09 during trading hours on Tuesday, reaching $21.96. 84,000 shares of the company’s stock were exchanged, compared to its average volume of 148,347. The company has a market cap of $884.88, a price-to-earnings ratio of 10.50, a P/E/G ratio of 2.13 and a beta of 0.81. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 0.83. Goldman Sachs BDC, Inc. has a 1-year low of $21.00 and a 1-year high of $25.60.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $34.40 million during the quarter, compared to analyst estimates of $33.56 million. Goldman Sachs BDC had a net margin of 32.19% and a return on equity of 11.34%. Goldman Sachs BDC’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. sell-side analysts anticipate that Goldman Sachs BDC, Inc. will post 2.07 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.80 dividend on an annualized basis and a yield of 8.20%. Goldman Sachs BDC’s dividend payout ratio is currently 160.71%.

In other news, Director Jaime Ardila acquired 8,108 shares of Goldman Sachs BDC stock in a transaction on Friday, December 1st. The stock was acquired at an average cost of $21.84 per share, for a total transaction of $177,078.72. Following the purchase, the director now owns 12,791 shares in the company, valued at $279,355.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by company insiders.

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Goldman Sachs BDC Profile

Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.

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Institutional Ownership by Quarter for Goldman Sachs BDC (NYSE:GSBD)

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