Raymond James Trust N.A. Grows Stake in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Raymond James Trust N.A. increased its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 12.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,141 shares of the financial services provider’s stock after purchasing an additional 3,461 shares during the period. Raymond James Trust N.A.’s holdings in Goldman Sachs BDC were worth $442,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Apollon Wealth Management LLC lifted its holdings in shares of Goldman Sachs BDC by 3.1% in the third quarter. Apollon Wealth Management LLC now owns 50,662 shares of the financial services provider’s stock worth $697,000 after buying an additional 1,500 shares in the last quarter. Verdence Capital Advisors LLC purchased a new stake in Goldman Sachs BDC in the 3rd quarter worth $184,000. Confluence Investment Management LLC boosted its holdings in shares of Goldman Sachs BDC by 2.2% during the 3rd quarter. Confluence Investment Management LLC now owns 194,500 shares of the financial services provider’s stock valued at $2,676,000 after purchasing an additional 4,259 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC purchased a new position in shares of Goldman Sachs BDC during the third quarter valued at about $405,000. Finally, Maia Wealth LLC bought a new stake in shares of Goldman Sachs BDC in the third quarter worth about $368,000. 28.72% of the stock is currently owned by institutional investors.

Goldman Sachs BDC Trading Down 0.8 %

Shares of GSBD stock opened at $13.08 on Wednesday. The company has a market cap of $1.53 billion, a PE ratio of 18.69 and a beta of 1.07. Goldman Sachs BDC, Inc. has a 1 year low of $12.67 and a 1 year high of $15.94. The stock’s 50 day simple moving average is $13.50 and its two-hundred day simple moving average is $14.41. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26.

Goldman Sachs BDC (NYSE:GSBD) last issued 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 return on equity of 15.72% and a net margin of 17.01%. The company had revenue of $110.41 million during the quarter, compared to the consensus estimate of $112.43 million. During the same period last year, the company earned $0.64 earnings per share. Research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 13.76%. The ex-dividend date of this dividend is Tuesday, December 31st. Goldman Sachs BDC’s payout ratio is currently 257.15%.

Analyst Upgrades and Downgrades

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

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.