Sage Rhino Capital LLC Grows Stock Holdings in Goldman Sachs BDC, Inc. $GSBD

Sage Rhino Capital LLC grew its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 39.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 409,885 shares of the financial services provider’s stock after acquiring an additional 117,000 shares during the period. Sage Rhino Capital LLC’s holdings in Goldman Sachs BDC were worth $3,804,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Balyasny Asset Management L.P. raised its position in Goldman Sachs BDC by 412.8% during the second quarter. Balyasny Asset Management L.P. now owns 1,103,870 shares of the financial services provider’s stock worth $12,419,000 after acquiring an additional 888,608 shares during the period. UBS Group AG raised its position in Goldman Sachs BDC by 27.2% during the third quarter. UBS Group AG now owns 1,360,013 shares of the financial services provider’s stock worth $13,831,000 after acquiring an additional 290,737 shares during the period. Muzinich & Co. Inc. raised its position in Goldman Sachs BDC by 50.9% during the third quarter. Muzinich & Co. Inc. now owns 766,299 shares of the financial services provider’s stock worth $7,793,000 after acquiring an additional 258,362 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in Goldman Sachs BDC by 55.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 711,965 shares of the financial services provider’s stock worth $7,241,000 after acquiring an additional 254,828 shares during the period. Finally, Marshall Wace LLP acquired a new position in Goldman Sachs BDC during the second quarter worth $1,832,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GSBD shares. Wall Street Zen upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Sunday, March 15th. Weiss Ratings upgraded shares of Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 5th. Truist Financial reduced their price objective 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. Finally, 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 report on Monday, March 2nd. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $9.50.

Insider Activity

In other Goldman Sachs BDC news, Director Carlos E. Evans purchased 50,000 shares of Goldman Sachs BDC stock in a transaction dated Thursday, April 2nd. The shares were acquired at an average price of $9.02 per share, with a total value of $451,000.00. Following the completion of the transaction, the director owned 64,446 shares of the company’s stock, valued at $581,302.92. This trade represents a 346.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

Goldman Sachs BDC Trading Up 1.1%

Shares of GSBD opened at $9.78 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.32. Goldman Sachs BDC, Inc. has a 12-month low of $8.66 and a 12-month high of $12.03. The firm has a 50-day moving average price of $9.25 and a 200 day moving average price of $9.49. The firm has a market capitalization of $1.10 billion, a P/E ratio of 9.40 and a beta of 0.57.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Friday, February 27th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $38.79 million during the quarter, compared to analyst estimates of $87.18 million. Sell-side analysts forecast that Goldman Sachs BDC, Inc. will post 1.27 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 13.1%. The ex-dividend date of this dividend was Tuesday, March 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is 123.08%.

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.