Goldman Sachs BDC (NYSE:GSBD) Director Purchases $451,000.00 in Stock

Goldman Sachs BDC, Inc. (NYSE:GSBD) Director Carlos Evans bought 50,000 shares of the firm’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 transaction, the director owned 64,446 shares in the company, valued at $581,302.92. The trade was a 346.12% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Goldman Sachs BDC Stock Performance

Shares of NYSE:GSBD traded up $0.23 during trading hours on Monday, hitting $9.26. The stock had a trading volume of 1,236,073 shares, compared to its average volume of 1,533,575. The stock’s fifty day simple moving average is $9.22 and its 200 day simple moving average is $9.61. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 8.90 and a beta of 0.57. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.01 and a current ratio of 1.01. Goldman Sachs BDC, Inc. has a 1-year low of $8.66 and a 1-year high of $12.03.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data on Friday, February 27th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. Goldman Sachs BDC had a return on equity of 12.23% and a net margin of 32.62%.The business had revenue of $38.79 million during the quarter, compared to the consensus estimate of $87.18 million. Sell-side analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

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. This represents a $1.28 dividend on an annualized basis and a yield of 13.8%. The ex-dividend date is Tuesday, March 31st. Goldman Sachs BDC’s payout ratio is 123.08%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GSBD shares. The Goldman Sachs Group started coverage on Goldman Sachs BDC in a report on Monday, December 15th. They set a “neutral” rating and a $10.50 price objective on the stock. Lucid Cap Mkts upgraded shares of Goldman Sachs BDC to a “hold” rating in a research note on Monday, December 15th. Truist Financial decreased their target price on shares of Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, March 4th. Weiss Ratings upgraded shares of Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 5th. Finally, Wall Street Zen raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Sunday, March 15th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $9.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. raised 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 during the period. Ares Management LLC lifted its stake in shares of Goldman Sachs BDC by 72.8% in the second 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 last quarter. Muzinich & Co. Inc. boosted its holdings in shares of Goldman Sachs BDC by 50.9% during the 3rd quarter. Muzinich & Co. Inc. now owns 766,299 shares of the financial services provider’s stock worth $7,793,000 after buying an additional 258,362 shares during the period. Osaic Holdings Inc. grew its stake in Goldman Sachs BDC by 176.0% in the 2nd 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 during the last quarter. Finally, TT Capital Management LLC bought a new position in Goldman Sachs BDC in the 2nd quarter worth $1,202,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

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.