Y Intercept Hong Kong Ltd Sells 106,107 Shares of Goldman Sachs BDC, Inc. $GSBD

Y Intercept Hong Kong Ltd lessened its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 66.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,620 shares of the financial services provider’s stock after selling 106,107 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Goldman Sachs BDC were worth $467,000 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. ORG Partners LLC bought a new stake in Goldman Sachs BDC during the 4th quarter worth about $33,000. Quantbot Technologies LP bought a new position in shares of Goldman Sachs BDC in the 2nd quarter valued at about $62,000. Kestra Advisory Services LLC bought a new position in shares of Goldman Sachs BDC in the 4th quarter valued at about $57,000. Advisory Services Network LLC acquired a new stake in shares of Goldman Sachs BDC during the 3rd quarter worth approximately $68,000. Finally, SHP Wealth Management acquired a new stake in shares of Goldman Sachs BDC during the 4th quarter worth approximately $63,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GSBD. Weiss Ratings restated a “hold (c-)” rating on shares of Goldman Sachs BDC in a report on Tuesday, June 2nd. Wall Street Zen cut shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Truist Financial lowered their target price on shares of Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating for the company in a report on Tuesday, May 19th. Zacks Research downgraded Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Finally, The Goldman Sachs Group downgraded Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 price target on the stock. in a research note on Thursday, July 9th. Three analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Goldman Sachs BDC currently has an average rating of “Strong Sell” and an average price target of $8.50.

Goldman Sachs BDC Price Performance

GSBD stock opened at $8.91 on Wednesday. The stock has a 50-day moving average price of $9.14 and a two-hundred day moving average price of $9.25. Goldman Sachs BDC, Inc. has a 1 year low of $8.35 and a 1 year high of $12.03. The stock has a market cap of $1.00 billion, a PE ratio of 13.72 and a beta of 0.56. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.39.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The firm had revenue of $10.35 million during the quarter, compared to the consensus estimate of $83.78 million. Goldman Sachs BDC had a net margin of 21.32% and a return on equity of 10.94%. Equities analysts forecast that Goldman Sachs BDC, Inc. will post 1.14 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, June 30th will be paid a $0.32 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.28 annualized dividend and a yield of 14.4%. Goldman Sachs BDC’s payout ratio is presently 196.92%.

Goldman Sachs BDC 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.