TrueMark Investments LLC Buys Shares of 97,151 Goldman Sachs BDC, Inc. $GSBD

TrueMark Investments LLC purchased a new position in Goldman Sachs BDC, Inc. (NYSE:GSBD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 97,151 shares of the financial services provider’s stock, valued at approximately $902,000. TrueMark Investments LLC owned approximately 0.09% of Goldman Sachs BDC at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. increased its stake in Goldman Sachs BDC by 55.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 711,965 shares of the financial services provider’s stock worth $7,241,000 after purchasing an additional 254,828 shares in the last quarter. Ares Management LLC raised its holdings in Goldman Sachs BDC by 72.8% during the 2nd quarter. Ares Management LLC now owns 798,421 shares of the financial services provider’s stock worth $8,982,000 after buying an additional 336,437 shares during the period. Muzinich & Co. Inc. lifted its stake in Goldman Sachs BDC by 50.9% in the third quarter. Muzinich & Co. Inc. now owns 766,299 shares of the financial services provider’s stock valued at $7,793,000 after buying an additional 258,362 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Goldman Sachs BDC by 176.0% in the second quarter. Osaic Holdings Inc. now owns 520,676 shares of the financial services provider’s stock valued at $5,858,000 after buying an additional 332,002 shares in the last quarter. Finally, TT Capital Management LLC acquired a new position in shares of Goldman Sachs BDC in the second quarter valued at approximately $1,202,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

Analyst Ratings Changes

GSBD has been the subject of several research reports. Lucid Cap Mkts raised shares of Goldman Sachs BDC to a “hold” rating in a research report on Monday, December 15th. Wells Fargo & Company reduced their target price on shares of 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. Weiss Ratings upgraded Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a report 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. Finally, The Goldman Sachs Group assumed coverage on Goldman Sachs BDC in a report on Monday, December 15th. They issued a “neutral” rating and a $10.50 price target on the stock. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $9.50.

Goldman Sachs BDC Price Performance

Shares of GSBD opened at $8.99 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.32. Goldman Sachs BDC, Inc. has a twelve month low of $8.81 and a twelve month high of $12.37. The stock has a market capitalization of $1.01 billion, a P/E ratio of 8.64 and a beta of 0.62. The company has a 50 day moving average of $9.26 and a 200-day moving average of $9.69.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Friday, February 27th. The financial services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Goldman Sachs BDC had a net margin of 32.62% and a return on equity of 12.23%. The business had revenue of $38.79 million for the quarter, compared to analyst estimates of $87.18 million. As a group, equities research analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.28 annualized dividend and a yield of 14.2%. Goldman Sachs BDC’s payout ratio is 123.08%.

Goldman Sachs BDC Company 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.