Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Acquired by Hibernia Wealth Partners LLC

Hibernia Wealth Partners LLC increased its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 49.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,704 shares of the financial services provider’s stock after acquiring an additional 23,755 shares during the quarter. Hibernia Wealth Partners LLC’s holdings in Goldman Sachs BDC were worth $987,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Marshall Wace LLP acquired a new stake in shares of Goldman Sachs BDC in the second quarter valued at approximately $18,533,000. Van ECK Associates Corp boosted its stake in Goldman Sachs BDC by 20.3% during the 2nd quarter. Van ECK Associates Corp now owns 2,451,439 shares of the financial services provider’s stock worth $36,845,000 after purchasing an additional 413,745 shares during the period. International Assets Investment Management LLC grew its position in Goldman Sachs BDC by 2,121.3% during the 3rd quarter. International Assets Investment Management LLC now owns 329,200 shares of the financial services provider’s stock worth $45,300,000 after purchasing an additional 314,380 shares during the last quarter. Cetera Investment Advisers increased its stake in Goldman Sachs BDC by 45.8% in the first quarter. Cetera Investment Advisers now owns 387,379 shares of the financial services provider’s stock valued at $5,803,000 after purchasing an additional 121,765 shares during the period. Finally, Cetera Advisors LLC raised its holdings in shares of Goldman Sachs BDC by 762.7% in the first quarter. Cetera Advisors LLC now owns 136,015 shares of the financial services provider’s stock valued at $2,038,000 after buying an additional 120,249 shares during the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GSBD. Wells Fargo & Company upgraded 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 research report on Monday, August 12th. StockNews.com raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Truist Financial decreased their price target on Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a report on Monday, August 12th.

Goldman Sachs BDC Price Performance

Shares of GSBD opened at $13.48 on Monday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.22. The stock’s 50 day moving average is $13.94 and its two-hundred day moving average is $14.76. Goldman Sachs BDC, Inc. has a twelve month low of $13.38 and a twelve month high of $15.94. The firm has a market capitalization of $1.58 billion, a PE ratio of 15.86 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 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. Goldman Sachs BDC had a return on equity of 15.79% and a net margin of 19.84%. The business had revenue of $108.62 million during the quarter, compared to analysts’ expectations of $112.07 million. Research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.35%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 211.76%.

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.