Magnus Financial Group LLC Takes Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Magnus Financial Group LLC acquired a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,344 shares of the financial services provider's stock, valued at approximately $246,000.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Goldman Sachs BDC by 4,607.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 1,981 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Goldman Sachs BDC by 149.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider's stock worth $29,000 after purchasing an additional 1,275 shares during the last quarter. WFA Asset Management Corp acquired a new stake in Goldman Sachs BDC in the third quarter valued at $33,000. Centaurus Financial Inc. raised its position in Goldman Sachs BDC by 15.9% during the 2nd quarter. Centaurus Financial Inc. now owns 9,584 shares of the financial services provider's stock worth $144,000 after purchasing an additional 1,316 shares during the last quarter. Finally, Principal Street Partners LLC acquired a new position in Goldman Sachs BDC during the 3rd quarter worth about $141,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, October 8th.

Goldman Sachs BDC Trading Up 1.2 %

Shares of NYSE GSBD traded up $0.15 during midday trading on Friday, reaching $12.73. The stock had a trading volume of 787,633 shares, compared to its average volume of 954,172. The company's 50 day moving average price is $12.63 and its 200 day moving average price is $13.56. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. Goldman Sachs BDC, Inc. has a twelve month low of $11.72 and a twelve month high of $15.94. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 18.18 and a beta of 1.06.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last released its earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. The business had revenue of $110.41 million for the quarter, compared to analyst estimates of $112.43 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. As a group, sell-side analysts expect that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 14.15%. Goldman Sachs BDC's dividend payout ratio is currently 257.15%.

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.