Homrich & Berg Has $743,000 Position in Goldman Sachs BDC, Inc. (GSBD)
Homrich & Berg increased its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,012 shares of the financial services provider’s stock after buying an additional 558 shares during the period. Homrich & Berg owned 0.08% of Goldman Sachs BDC worth $743,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in GSBD. IFP Advisors Inc raised its position in shares of Goldman Sachs BDC by 4.9% in the second quarter. IFP Advisors Inc now owns 4,553 shares of the financial services provider’s stock valued at $103,000 after buying an additional 211 shares during the last quarter. Global X Management Co. LLC raised its position in Goldman Sachs BDC by 49.7% in the first quarter. Global X Management Co. LLC now owns 5,698 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,892 shares in the last quarter. US Bancorp DE bought a new position in Goldman Sachs BDC during the second quarter worth about $142,000. Regal Investment Advisors LLC bought a new position in Goldman Sachs BDC during the first quarter worth about $202,000. Finally, Palisade Capital Management LLC NJ bought a new position in Goldman Sachs BDC during the second quarter worth about $203,000. Institutional investors and hedge funds own 36.66% of the company’s stock.
Goldman Sachs BDC, Inc. (NYSE:GSBD) opened at 22.18 on Wednesday. Goldman Sachs BDC, Inc. has a 12-month low of $20.00 and a 12-month high of $25.60. The firm has a 50-day moving average price of $22.49 and a 200 day moving average price of $23.60.
Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.15. The firm had revenue of $36 million for the quarter, compared to analyst estimates of $33.66 million. Goldman Sachs BDC had a return on equity of 11.54% and a net margin of 35.73%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company earned $0.49 EPS. On average, equities research analysts predict that Goldman Sachs BDC, Inc. will post $2.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.12%. The ex-dividend date is Thursday, September 28th. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 139.54%.
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A number of research firms recently issued reports on GSBD. Zacks Investment Research upgraded Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. National Securities reissued a “neutral” rating and issued a $22.00 price objective on shares of Goldman Sachs BDC in a research note on Monday, May 8th. BidaskClub downgraded Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. TheStreet downgraded Goldman Sachs BDC from a “b-” rating to a “c” rating in a research note on Tuesday, June 13th. Finally, Raymond James Financial, Inc. raised Goldman Sachs BDC from a “market perform” rating to an “outperform” rating in a research report on Friday, May 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $22.65.
In related news, Director Ann B. Lane purchased 2,240 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were bought at an average price of $22.32 per share, with a total value of $49,996.80. Following the purchase, the director now directly owns 2,240 shares in the company, valued at approximately $49,996.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.32% of the company’s stock.
About Goldman Sachs BDC
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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