Goldman Sachs BDC, Inc. $GSBD Shares Sold by Meridian Wealth Management LLC

Meridian Wealth Management LLC lowered its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 60.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 129,822 shares of the financial services provider’s stock after selling 198,617 shares during the quarter. Meridian Wealth Management LLC’s holdings in Goldman Sachs BDC were worth $1,205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Stiles Financial Services Inc lifted its position in Goldman Sachs BDC by 2.1% in the fourth quarter. Stiles Financial Services Inc now owns 152,971 shares of the financial services provider’s stock valued at $1,420,000 after purchasing an additional 3,131 shares during the period. Indivisible Partners acquired a new stake in shares of Goldman Sachs BDC during the 4th quarter valued at approximately $158,000. Sage Rhino Capital LLC lifted its position in shares of Goldman Sachs BDC by 39.9% during the 4th quarter. Sage Rhino Capital LLC now owns 409,885 shares of the financial services provider’s stock valued at $3,804,000 after acquiring an additional 117,000 shares during the period. Samalin Investment Counsel LLC lifted its position in shares of Goldman Sachs BDC by 40.6% during the 4th quarter. Samalin Investment Counsel LLC now owns 16,185 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 4,671 shares during the period. Finally, UBS Group AG lifted its position in shares of Goldman Sachs BDC by 18.2% during the 4th quarter. UBS Group AG now owns 1,607,176 shares of the financial services provider’s stock valued at $14,915,000 after acquiring an additional 247,163 shares during the period. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Trading Down 0.7%

Shares of Goldman Sachs BDC stock opened at $8.94 on Thursday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.11 and a quick ratio of 1.01. Goldman Sachs BDC, Inc. has a 1 year low of $8.66 and a 1 year high of $12.03. The company has a market capitalization of $1.01 billion, a P/E ratio of 13.75 and a beta of 0.62. The business has a 50 day moving average price of $9.32 and a 200 day moving average price of $9.47.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.07). Goldman Sachs BDC had a return on equity of 10.94% and a net margin of 21.32%.The company had revenue of $10.35 million for the quarter, compared to analyst estimates of $83.78 million. Sell-side analysts anticipate that Goldman Sachs BDC, Inc. will post 1.27 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, June 30th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 14.3%. The ex-dividend date is Tuesday, June 30th. Goldman Sachs BDC’s payout ratio is currently 196.92%.

Insider Activity

In related news, Director Carlos E. Evans acquired 50,000 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was purchased at an average cost of $9.02 per share, for a total transaction of $451,000.00. Following the transaction, the director directly owned 64,446 shares of the company’s stock, valued at approximately $581,302.92. This trade represents a 346.12% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GSBD. Wells Fargo & Company reduced their price target on shares of Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Monday, March 2nd. Weiss Ratings upgraded shares of Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 5th. Wall Street Zen upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Sunday, March 15th. Finally, Truist Financial reduced their price target on shares of Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, March 4th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Goldman Sachs BDC currently has an average rating of “Reduce” and an average price target of $9.50.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.