Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Purchased by Adams Asset Advisors LLC

Adams Asset Advisors LLC boosted its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 41.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 262,334 shares of the financial services provider’s stock after acquiring an additional 76,257 shares during the period. Adams Asset Advisors LLC owned about 0.22% of Goldman Sachs BDC worth $3,174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new position in Goldman Sachs BDC in the 2nd quarter valued at $18,533,000. International Assets Investment Management LLC lifted its stake in shares of Goldman Sachs BDC by 2,121.3% in the third quarter. International Assets Investment Management LLC now owns 329,200 shares of the financial services provider’s stock worth $45,300,000 after buying an additional 314,380 shares in the last quarter. Van ECK Associates Corp boosted its position in Goldman Sachs BDC by 10.4% during the third quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider’s stock worth $36,408,000 after acquiring an additional 255,458 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Goldman Sachs BDC by 221.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider’s stock valued at $3,061,000 after acquiring an additional 153,316 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Goldman Sachs BDC in the 3rd quarter valued at about $1,101,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs BDC Trading Down 0.8 %

Shares of GSBD stock traded down $0.10 on Monday, hitting $11.83. 447,882 shares of the stock traded hands, compared to its average volume of 995,290. Goldman Sachs BDC, Inc. has a twelve month low of $11.72 and a twelve month high of $15.94. The stock has a market capitalization of $1.39 billion, a PE ratio of 16.90 and a beta of 1.06. The firm’s 50-day moving average price is $12.74 and its two-hundred day moving average price is $13.75. 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 (NYSE:GSBD) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $112.43 million. During the same quarter last year, the firm earned $0.64 EPS. As a group, analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.22%. The ex-dividend date is Tuesday, December 31st. Goldman Sachs BDC’s dividend payout ratio is presently 257.14%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th.

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.