International Assets Investment Management LLC Acquires 314,380 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

International Assets Investment Management LLC raised its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 2,121.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 329,200 shares of the financial services provider's stock after acquiring an additional 314,380 shares during the quarter. International Assets Investment Management LLC owned approximately 0.29% of Goldman Sachs BDC worth $45,300,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GSBD. SeaCrest Wealth Management LLC boosted its position in Goldman Sachs BDC by 3.0% during the first quarter. SeaCrest Wealth Management LLC now owns 26,016 shares of the financial services provider's stock valued at $390,000 after purchasing an additional 767 shares during the last quarter. Strategic Wealth Partners Ltd. increased its position in shares of Goldman Sachs BDC by 6.3% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 16,985 shares of the financial services provider's stock worth $234,000 after purchasing an additional 1,000 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Goldman Sachs BDC by 11.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 11,500 shares of the financial services provider's stock worth $178,000 after purchasing an additional 1,146 shares in the last quarter. Centaurus Financial Inc. boosted its holdings 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 buying an additional 1,316 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Goldman Sachs BDC by 11.2% in the 2nd quarter. ProShare Advisors LLC now owns 17,113 shares of the financial services provider's stock valued at $257,000 after buying an additional 1,723 shares during the last quarter. 28.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on GSBD. Wells Fargo & Company raised shares of Goldman Sachs BDC from an "underweight" rating to an "equal weight" rating and dropped their price target for the stock from $14.00 to $12.00 in a research report on Monday, August 12th. Truist Financial dropped their price target on Goldman Sachs BDC from $16.00 to $14.00 and set a "hold" rating on the stock in a research note on Monday, August 12th. Finally, StockNews.com upgraded shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Tuesday, October 8th.

Goldman Sachs BDC Price Performance

NYSE:GSBD traded up $0.18 during trading hours on Monday, hitting $13.67. The company's stock had a trading volume of 753,525 shares, compared to its average volume of 619,795. Goldman Sachs BDC, Inc. has a twelve month low of $13.38 and a twelve month high of $15.94. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a fifty day simple moving average of $13.94 and a 200-day simple moving average of $14.76. The company has a market capitalization of $1.60 billion, a P/E ratio of 15.86 and a beta of 1.07.

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

Goldman Sachs BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 13.17%. The ex-dividend date of this dividend is Monday, September 30th. Goldman Sachs BDC's payout ratio is presently 211.76%.

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.