Legal & General Group Plc increased its position in Goldman Sachs BDC Inc (NYSE:GSBD) by 9.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,695 shares of the financial services provider’s stock after purchasing an additional 13,712 shares during the quarter. Legal & General Group Plc owned 0.40% of Goldman Sachs BDC worth $3,275,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Stelac Advisory Services LLC bought a new position in Goldman Sachs BDC during the 2nd quarter valued at $123,000. Great West Life Assurance Co. Can bought a new position in Goldman Sachs BDC during the 1st quarter valued at $204,000. US Bancorp DE bought a new position in Goldman Sachs BDC during the 2nd quarter valued at $240,000. Raymond James Financial Services Advisors Inc. bought a new position in Goldman Sachs BDC during the 2nd quarter valued at $427,000. Finally, IHT Wealth Management LLC boosted its stake in Goldman Sachs BDC by 39.6% during the 1st quarter. IHT Wealth Management LLC now owns 21,089 shares of the financial services provider’s stock valued at $401,000 after acquiring an additional 5,981 shares during the last quarter. Institutional investors and hedge funds own 34.27% of the company’s stock.

Goldman Sachs BDC stock opened at $22.24 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.80 and a current ratio of 0.80. Goldman Sachs BDC Inc has a 1 year low of $18.78 and a 1 year high of $23.10. The stock has a market capitalization of $908.83 million, a PE ratio of 10.63, a price-to-earnings-growth ratio of 5.70 and a beta of 0.80.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.03. Goldman Sachs BDC had a net margin of 46.91% and a return on equity of 10.19%. The company had revenue of $37.20 million for the quarter, compared to the consensus estimate of $36.04 million. During the same period last year, the firm posted $0.64 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. research analysts expect that Goldman Sachs BDC Inc will post 1.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.09%. Goldman Sachs BDC’s payout ratio is currently 86.96%.

A number of research firms have commented on GSBD. ValuEngine downgraded shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Zacks Investment Research downgraded shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Citigroup began coverage on shares of Goldman Sachs BDC in a research note on Thursday, August 23rd. They set a “neutral” rating and a $23.00 price objective on the stock. Finally, National Securities reiterated a “buy” rating and set a $23.00 price objective on shares of Goldman Sachs BDC in a research note on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Goldman Sachs BDC has a consensus rating of “Hold” and a consensus price target of $23.00.

About Goldman Sachs BDC

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.

Further Reading: Put Option

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

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