Pinnacle Private Wealth LLC grew its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD – Get Rating) by 50.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,635 shares of the financial services provider’s stock after purchasing an additional 10,889 shares during the period. Pinnacle Private Wealth LLC’s holdings in Goldman Sachs BDC were worth $548,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of GSBD. Blair William & Co. IL lifted its position in shares of Goldman Sachs BDC by 6.4% in the fourth quarter. Blair William & Co. IL now owns 219,202 shares of the financial services provider’s stock valued at $4,200,000 after acquiring an additional 13,093 shares in the last quarter. Legacy Capital Wealth Partners LLC increased its stake in Goldman Sachs BDC by 4.5% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 60,391 shares of the financial services provider’s stock worth $1,184,000 after acquiring an additional 2,623 shares during the last quarter. Greytown Advisors Inc. bought a new stake in Goldman Sachs BDC during the fourth quarter worth approximately $773,000. IHT Wealth Management LLC increased its stake in Goldman Sachs BDC by 1.6% during the fourth quarter. IHT Wealth Management LLC now owns 52,395 shares of the financial services provider’s stock worth $1,004,000 after acquiring an additional 812 shares during the last quarter. Finally, Greenwich Investment Management Inc. bought a new stake in Goldman Sachs BDC during the fourth quarter worth approximately $5,028,000. Institutional investors own 28.50% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Bank of America assumed coverage on Goldman Sachs BDC in a research note on Monday. They set a “neutral” rating and a $16.50 target price on the stock. Wells Fargo & Company upped their target price on Goldman Sachs BDC from $16.50 to $17.00 and gave the company an “equal weight” rating in a research note on Monday, August 8th. Finally, Bank Of America (Bofa) started coverage on Goldman Sachs BDC in a report on Monday. They issued a “neutral” rating for the company. Four investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Goldman Sachs BDC presently has an average rating of “Hold” and a consensus price target of $17.17.
Goldman Sachs BDC Price Performance
Goldman Sachs BDC (NYSE:GSBD – Get Rating) last released its earnings results on Thursday, August 4th. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). Goldman Sachs BDC had a return on equity of 13.27% and a net margin of 40.40%. The business had revenue of $77.45 million during the quarter, compared to analysts’ expectations of $84.05 million. As a group, equities analysts anticipate that Goldman Sachs BDC, Inc. will post 1.91 EPS for the current year.
Goldman Sachs BDC Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Friday, September 30th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.80 annualized dividend and a dividend yield of 11.04%. Goldman Sachs BDC’s dividend payout ratio (DPR) is 136.36%.
Goldman Sachs BDC Company Profile
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.
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