Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. grew its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 17.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 309,474 shares of the financial services provider's stock after purchasing an additional 45,276 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.28% of Goldman Sachs BDC worth $4,258,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. WFA Asset Management Corp purchased a new stake in Goldman Sachs BDC during the 1st quarter worth about $29,000. Register Financial Advisors LLC purchased a new position in Goldman Sachs BDC in the first quarter worth approximately $41,000. Rothschild Investment LLC purchased a new position in Goldman Sachs BDC in the second quarter worth approximately $113,000. Zions Bancorporation N.A. acquired a new position in Goldman Sachs BDC during the 2nd quarter worth approximately $128,000. Finally, Centaurus Financial Inc. increased its position in shares of Goldman Sachs BDC by 15.9% in the 2nd quarter. Centaurus Financial Inc. now owns 9,584 shares of the financial services provider's stock valued at $144,000 after purchasing an additional 1,316 shares during the last quarter. Institutional investors and hedge funds own 28.72% of the company's stock.

Goldman Sachs BDC Stock Performance

NYSE GSBD remained flat at $13.45 during trading hours on Thursday. 663,686 shares of the company's stock traded hands, compared to its average volume of 619,154. The firm has a fifty day moving average of $13.95 and a 200 day moving average of $14.78. The stock has a market cap of $1.51 billion, a P/E ratio of 7.01 and a beta of 1.07. Goldman Sachs BDC, Inc. has a one year low of $13.38 and a one year high of $15.94. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.22.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last announced its earnings results on Thursday, August 8th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.05. Goldman Sachs BDC had a net margin of 19.84% and a return on equity of 15.79%. The business had revenue of $108.62 million for the quarter, compared to analyst estimates of $112.07 million. Sell-side analysts expect that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 13.38%. The ex-dividend date is Monday, September 30th. Goldman Sachs BDC's dividend payout ratio (DPR) is presently 93.75%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Truist Financial lowered their target price on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a "hold" rating for the company in a research note on Monday, August 12th. StockNews.com upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company upgraded Goldman Sachs BDC from an "underweight" rating to an "equal weight" rating and decreased their target price for the stock from $14.00 to $12.00 in a research note on Monday, August 12th.

Goldman Sachs BDC 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.