Wellington Shields & Co. LLC Acquires 3,385 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Wellington Shields & Co. LLC increased its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 19.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,465 shares of the financial services provider’s stock after purchasing an additional 3,385 shares during the period. Wellington Shields & Co. LLC’s holdings in Goldman Sachs BDC were worth $308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norden Group LLC boosted its stake in shares of Goldman Sachs BDC by 1,000.5% in the 1st quarter. Norden Group LLC now owns 119,304 shares of the financial services provider’s stock valued at $1,787,000 after purchasing an additional 108,463 shares in the last quarter. Shikiar Asset Management Inc. grew its stake in Goldman Sachs BDC by 16.1% during the second quarter. Shikiar Asset Management Inc. now owns 554,290 shares of the financial services provider’s stock worth $8,331,000 after buying an additional 76,715 shares during the last quarter. Confluence Investment Management LLC acquired a new stake in shares of Goldman Sachs BDC during the first quarter worth approximately $2,786,000. Naviter Wealth LLC bought a new position in shares of Goldman Sachs BDC in the first quarter valued at approximately $1,304,000. Finally, Cetera Advisors LLC boosted its holdings in shares of Goldman Sachs BDC by 762.7% in the 1st quarter. Cetera Advisors LLC now owns 136,015 shares of the financial services provider’s stock worth $2,038,000 after acquiring an additional 120,249 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Performance

GSBD stock opened at $13.85 on Wednesday. The company has a 50 day moving average price of $14.59 and a 200 day moving average price of $15.06. Goldman Sachs BDC, Inc. has a fifty-two week low of $13.39 and a fifty-two week high of $15.94. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $1.55 billion, a PE ratio of 7.21 and a beta of 1.07.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. The business had revenue of $108.62 million for the quarter, compared to analysts’ expectations of $112.07 million. Goldman Sachs BDC had a return on equity of 15.79% and a net margin of 19.84%. Analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.80 annualized dividend and a yield of 13.00%. Goldman Sachs BDC’s dividend payout ratio is currently 93.75%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company raised Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $14.00 to $12.00 in a report on Monday, August 12th. Truist Financial lowered their target price on Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, August 12th. Finally, StockNews.com downgraded shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research report on Monday, May 20th.

Goldman Sachs BDC Profile

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.