UBS Group AG Increases Holdings in Goldman Sachs BDC, Inc. $GSBD

UBS Group AG increased its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 18.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,607,176 shares of the financial services provider’s stock after buying an additional 247,163 shares during the quarter. UBS Group AG’s holdings in Goldman Sachs BDC were worth $14,915,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Goldman Sachs BDC by 55.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 711,965 shares of the financial services provider’s stock valued at $7,241,000 after purchasing an additional 254,828 shares in the last quarter. Argentarii LLC purchased a new position in shares of Goldman Sachs BDC in the fourth quarter valued at $585,000. TrueMark Investments LLC purchased a new position in shares of Goldman Sachs BDC in the fourth quarter valued at $902,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Goldman Sachs BDC in the third quarter valued at $615,000. Finally, Ethos Financial Group LLC boosted its stake in Goldman Sachs BDC by 247.0% during the fourth quarter. Ethos Financial Group LLC now owns 93,005 shares of the financial services provider’s stock valued at $884,000 after buying an additional 66,203 shares during the period. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs BDC Price Performance

NYSE:GSBD opened at $8.94 on Thursday. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 13.75 and a beta of 0.62. Goldman Sachs BDC, Inc. has a 52-week low of $8.66 and a 52-week high of $12.03. The stock has a fifty day moving average of $9.32 and a 200 day moving average of $9.47. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.01 and a current ratio of 1.11.

Goldman Sachs BDC (NYSE:GSBD) last posted 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). The business had revenue of $10.35 million for the quarter, compared to the consensus estimate of $83.78 million. Goldman Sachs BDC had a net margin of 21.32% and a return on equity of 10.94%. On average, research analysts expect that Goldman Sachs BDC, Inc. will post 1.27 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The company 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 dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.28 annualized dividend and a yield of 14.3%. Goldman Sachs BDC’s payout ratio is 196.92%.

Insider Transactions at Goldman Sachs BDC

In other news, Director Carlos E. Evans purchased 50,000 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was purchased at an average price 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 in the company, 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 currently owned by company insiders.

Analysts Set New Price Targets

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

Goldman Sachs BDC 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.