One William Street Capital Management L.P. Purchases Shares of 80,000 Goldman Sachs BDC, Inc. $GSBD

One William Street Capital Management L.P. purchased a new stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 80,000 shares of the financial services provider’s stock, valued at approximately $742,000. Goldman Sachs BDC accounts for 0.1% of One William Street Capital Management L.P.’s holdings, making the stock its 4th biggest holding.

Several other large investors have also recently bought and sold shares of GSBD. Balyasny Asset Management L.P. boosted its holdings in Goldman Sachs BDC by 412.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,103,870 shares of the financial services provider’s stock valued at $12,419,000 after purchasing an additional 888,608 shares during the period. Ares Management LLC boosted its holdings in Goldman Sachs BDC by 77.0% in the 4th quarter. Ares Management LLC now owns 1,413,058 shares of the financial services provider’s stock valued at $13,113,000 after purchasing an additional 614,637 shares during the period. American Financial Group Inc. purchased a new stake in shares of Goldman Sachs BDC during the 4th quarter valued at $4,701,000. Closed End Fund Advisors Inc. purchased a new stake in shares of Goldman Sachs BDC during the 4th quarter valued at $3,858,000. Finally, UBS Group AG raised its position in shares of Goldman Sachs BDC by 27.2% during the 3rd quarter. UBS Group AG now owns 1,360,013 shares of the financial services provider’s stock valued at $13,831,000 after buying an additional 290,737 shares in the last quarter. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Price Performance

Shares of NYSE:GSBD opened at $9.32 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39. The stock has a market cap of $1.05 billion, a PE ratio of 14.34 and a beta of 0.58. The company’s fifty day moving average is $9.25 and its 200 day moving average is $9.34. Goldman Sachs BDC, Inc. has a 52 week low of $8.65 and a 52 week high of $12.03.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). The business had revenue of $10.35 million during the quarter, compared to the consensus estimate of $83.78 million. Goldman Sachs BDC had a return on equity of 10.94% and a net margin of 21.32%. Research analysts anticipate that Goldman Sachs BDC, Inc. will post 1.15 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, June 30th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.28 annualized dividend and a yield of 13.7%. Goldman Sachs BDC’s payout ratio is currently 196.92%.

Analysts Set New Price Targets

Several analysts have recently weighed in on GSBD shares. Zacks Research cut shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Wall Street Zen cut shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Truist Financial lowered their price objective on shares of Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Weiss Ratings restated a “hold (c-)” rating on shares of Goldman Sachs BDC in a research report on Tuesday, June 2nd. Finally, Wells Fargo & Company lowered their price objective on shares of Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday, March 2nd. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $9.17.

Insiders Place Their Bets

In other Goldman Sachs BDC news, Director Carlos E. Evans purchased 50,000 shares of the stock in a transaction on Thursday, April 2nd. The stock was acquired at an average cost of $9.02 per share, with a total value of $451,000.00. Following the completion of the purchase, 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 acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

About Goldman Sachs BDC

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.