38,242 Shares in Goldman Sachs BDC, Inc. (NYSE:GSBD) Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. acquired a new stake in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,242 shares of the financial services provider's stock, valued at approximately $526,000.

Several other institutional investors have also recently modified their holdings of GSBD. SeaCrest Wealth Management LLC boosted its holdings 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 worth $390,000 after buying an additional 767 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Goldman Sachs BDC by 8.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 405,552 shares of the financial services provider's stock valued at $6,075,000 after buying an additional 32,296 shares in the last quarter. Norden Group LLC increased its stake in shares of Goldman Sachs BDC by 1,000.5% in the 1st quarter. Norden Group LLC now owns 119,304 shares of the financial services provider's stock worth $1,787,000 after acquiring an additional 108,463 shares during the last quarter. Hartline Investment Corp purchased a new stake in shares of Goldman Sachs BDC during the 1st quarter valued at approximately $263,000. Finally, Private Advisor Group LLC grew its position in Goldman Sachs BDC by 11.3% in the first quarter. Private Advisor Group LLC now owns 37,596 shares of the financial services provider's stock worth $563,000 after acquiring an additional 3,827 shares during the period. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs BDC Stock Performance

Goldman Sachs BDC stock traded down $0.15 during trading hours on Thursday, reaching $13.34. 570,109 shares of the stock were exchanged, compared to its average volume of 617,918. Goldman Sachs BDC, Inc. has a 52-week low of $13.30 and a 52-week high of $15.94. The stock has a market cap of $1.56 billion, a P/E ratio of 15.69 and a beta of 1.07. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.22 and a current ratio of 1.22. The firm's 50 day moving average is $13.91 and its 200 day moving average is $14.73.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last released its 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 for the quarter, compared to analysts' expectations of $112.07 million. Goldman Sachs BDC had a return on equity of 15.79% and a net margin of 19.84%. Analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Monday, September 30th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 13.49%. The ex-dividend date was Monday, September 30th. Goldman Sachs BDC's payout ratio is 211.76%.

Analyst Upgrades and Downgrades

GSBD has been the topic of several recent analyst reports. StockNews.com upgraded shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Tuesday, October 8th. Wells Fargo & Company upgraded Goldman Sachs BDC from an "underweight" rating to an "equal weight" rating and cut their price target for the stock from $14.00 to $12.00 in a report on Monday, August 12th. Finally, Truist Financial lowered their price target on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a "hold" rating for the company in a report on Monday, August 12th.

About Goldman Sachs BDC

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.