Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Sold by UBS Group AG

UBS Group AG lessened its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD – Get Rating) by 26.3% during the 3rd quarter, Holdings Channel reports. The fund owned 172,625 shares of the financial services provider’s stock after selling 61,718 shares during the quarter. UBS Group AG’s holdings in Goldman Sachs BDC were worth $2,494,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Virtus ETF Advisers LLC raised its holdings in Goldman Sachs BDC by 10.8% in the 2nd quarter. Virtus ETF Advisers LLC now owns 36,256 shares of the financial services provider’s stock valued at $609,000 after buying an additional 3,545 shares during the period. Advisors Asset Management Inc. increased its stake in Goldman Sachs BDC by 10.9% during the third quarter. Advisors Asset Management Inc. now owns 115,278 shares of the financial services provider’s stock worth $1,666,000 after purchasing an additional 11,314 shares during the period. Rockefeller Capital Management L.P. increased its stake in Goldman Sachs BDC by 5.6% during the third quarter. Rockefeller Capital Management L.P. now owns 354,562 shares of the financial services provider’s stock worth $5,123,000 after purchasing an additional 18,751 shares during the period. Natixis purchased a new stake in Goldman Sachs BDC during the second quarter worth about $215,000. Finally, Great West Life Assurance Co. Can purchased a new stake in Goldman Sachs BDC during the third quarter worth about $1,743,000. Hedge funds and other institutional investors own 28.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GSBD shares. Wells Fargo & Company cut their price target on shares of Goldman Sachs BDC from $15.00 to $14.50 and set an “equal weight” rating on the stock in a research note on Monday, February 27th. StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Citigroup cut their price target on shares of Goldman Sachs BDC from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 8th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $16.25.

Goldman Sachs BDC Stock Down 0.6 %

GSBD stock opened at $16.05 on Tuesday. The company’s 50 day moving average price is $15.22 and its 200 day moving average price is $15.48. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.10 and a current ratio of 1.10. Goldman Sachs BDC, Inc. has a fifty-two week low of $13.54 and a fifty-two week high of $20.50. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 30.28 and a beta of 1.20.

Goldman Sachs BDC (NYSE:GSBD – Get Rating) last released its earnings results on Thursday, February 23rd. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.14. The firm had revenue of $106.50 million for the quarter, compared to analyst estimates of $102.02 million. Goldman Sachs BDC had a net margin of 15.17% and a return on equity of 14.31%. On average, equities research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.14 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 27th. Shareholders of record on Friday, March 31st will be paid a $0.45 dividend. The ex-dividend date is Thursday, March 30th. This represents a $1.80 annualized dividend and a yield of 11.21%. Goldman Sachs BDC’s dividend payout ratio is currently 339.63%.

About Goldman Sachs BDC

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Goldman Sachs BDC, Inc invests in middle market companies located in the US. The fund targets companies operating in the fields software, health technology information technology, commercial services and textiles with an investment size of $25 to $75 million and an EBITDA of $5 to $75 million. It provides financing in the form of senior secured debt, unitranche debt, junior secured, mezzanine debt and equity for acquisitions, refinancing, growth, LBOs, dividend recapitalization and restructuring transactions.