Goldman Sachs BDC, Inc. (NYSE:GSBD – Get Free Report) Director Timothy Leach purchased 2,004 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was acquired at an average price of $9.04 per share, for a total transaction of $18,116.16. Following the purchase, the director owned 19,675 shares in the company, valued at approximately $177,862. The trade was a 11.34% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Goldman Sachs BDC Price Performance
Shares of GSBD traded down $0.01 during midday trading on Thursday, hitting $9.10. The company’s stock had a trading volume of 1,112,968 shares, compared to its average volume of 1,423,161. Goldman Sachs BDC, Inc. has a one year low of $8.65 and a one year high of $12.03. The company’s fifty day simple moving average is $9.23 and its two-hundred day simple moving average is $9.35. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 13.99 and a beta of 0.58.
Goldman Sachs BDC (NYSE:GSBD – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.07). Goldman Sachs BDC had a net margin of 21.32% and a return on equity of 10.94%. The business had revenue of $10.35 million during the quarter, compared to the consensus estimate of $83.78 million. As a group, equities analysts expect that Goldman Sachs BDC, Inc. will post 1.15 earnings per share for the current fiscal year.
Goldman Sachs BDC Announces Dividend
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp grew its stake in Goldman Sachs BDC by 3.2% in the third quarter. Van ECK Associates Corp now owns 2,889,090 shares of the financial services provider’s stock valued at $29,382,000 after acquiring an additional 89,009 shares during the period. UBS Group AG grew its stake in Goldman Sachs BDC by 18.2% in the fourth quarter. UBS Group AG now owns 1,607,176 shares of the financial services provider’s stock valued at $14,915,000 after acquiring an additional 247,163 shares during the period. Invesco Ltd. grew its stake in Goldman Sachs BDC by 40.1% in the fourth quarter. Invesco Ltd. now owns 1,490,799 shares of the financial services provider’s stock valued at $13,835,000 after acquiring an additional 426,859 shares during the period. Ares Management LLC grew its stake in Goldman Sachs BDC by 77.0% in the fourth quarter. Ares Management LLC now owns 1,413,058 shares of the financial services provider’s stock valued at $13,113,000 after acquiring an additional 614,637 shares during the period. Finally, Balyasny Asset Management L.P. grew its stake in Goldman Sachs BDC by 412.8% in the second quarter. Balyasny Asset Management L.P. now owns 1,103,870 shares of the financial services provider’s stock valued at $12,419,000 after acquiring an additional 888,608 shares during the period. 28.72% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Goldman Sachs BDC in a research report on Tuesday, June 2nd. Truist Financial reduced their price objective on Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Zacks Research lowered Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Wall Street Zen lowered Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Wells Fargo & Company reduced their price objective on Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday, March 2nd. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Goldman Sachs BDC has an average rating of “Reduce” and a consensus target price of $9.17.
Get Our Latest Research Report on Goldman Sachs BDC
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.
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