Van ECK Associates Corp Boosts Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Van ECK Associates Corp raised its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 10.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,706,897 shares of the financial services provider's stock after acquiring an additional 255,458 shares during the period. Van ECK Associates Corp owned approximately 2.32% of Goldman Sachs BDC worth $36,408,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GSBD. Marshall Wace LLP purchased a new position in Goldman Sachs BDC in the second quarter worth $18,533,000. Shikiar Asset Management Inc. boosted its holdings in shares of Goldman Sachs BDC by 16.1% in the 2nd quarter. Shikiar Asset Management Inc. now owns 554,290 shares of the financial services provider's stock worth $8,331,000 after purchasing an additional 76,715 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Goldman Sachs BDC by 17.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 523,071 shares of the financial services provider's stock valued at $7,862,000 after purchasing an additional 79,315 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Goldman Sachs BDC by 8.9% during the 2nd quarter. Cetera Investment Advisers now owns 422,010 shares of the financial services provider's stock valued at $6,343,000 after buying an additional 34,631 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Goldman Sachs BDC by 3.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 418,871 shares of the financial services provider's stock worth $6,296,000 after buying an additional 13,319 shares during the last quarter. Institutional investors own 28.72% of the company's stock.

Analyst Ratings Changes

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

Goldman Sachs BDC Stock Down 2.3 %

Shares of GSBD traded down $0.30 during mid-day trading on Monday, reaching $12.91. The company had a trading volume of 987,322 shares, compared to its average volume of 620,392. Goldman Sachs BDC, Inc. has a 52 week low of $12.90 and a 52 week high of $15.94. 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 company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 15.32 and a beta of 1.07. The firm has a 50-day moving average price of $13.87 and a 200 day moving average price of $14.71.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last issued 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 business had revenue of $108.62 million during the quarter, compared to analysts' expectations of $112.07 million. Goldman Sachs BDC had a net margin of 19.84% and a return on equity of 15.79%. On average, sell-side analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Monday, September 30th were given a dividend of $0.45 per share. The ex-dividend date was Monday, September 30th. This represents a $1.80 dividend on an annualized basis and a yield of 13.94%. Goldman Sachs BDC's dividend payout ratio (DPR) is 211.76%.

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.