Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 3.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,662 shares of the financial services provider’s stock after acquiring an additional 1,500 shares during the quarter. Apollon Wealth Management LLC’s holdings in Goldman Sachs BDC were worth $697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of GSBD. Farther Finance Advisors LLC grew its position in Goldman Sachs BDC by 4,607.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider’s stock valued at $28,000 after buying an additional 1,981 shares during the last quarter. WFA Asset Management Corp purchased a new position in Goldman Sachs BDC during the third quarter worth about $33,000. Rothschild Investment LLC purchased a new position in Goldman Sachs BDC during the second quarter worth about $113,000. Zions Bancorporation N.A. acquired a new stake in Goldman Sachs BDC in the second quarter valued at about $128,000. Finally, Centaurus Financial Inc. boosted its holdings in 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 purchasing an additional 1,316 shares in the last quarter. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs BDC Stock Performance

NYSE GSBD opened at $12.77 on Friday. The business has a 50 day moving average price of $13.64 and a 200 day moving average price of $14.54. The company has a market capitalization of $1.50 billion, a P/E ratio of 18.24 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 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 released its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $110.41 million during the quarter, compared to the consensus estimate of $112.43 million. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. During the same quarter in the previous year, the company posted $0.64 EPS. Sell-side analysts expect that Goldman Sachs BDC, Inc. will post 2.18 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

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 given a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 14.10%. Goldman Sachs BDC’s dividend payout ratio is presently 257.15%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GSBD shares. StockNews.com raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Wells Fargo & Company raised Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and reduced their target price for the company 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 on the stock in a research note on Monday, August 12th.

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.