Goldman Sachs BDC, Inc. (NYSE:GSBD) Stock Position Lifted by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. boosted its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 9.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,100 shares of the financial services provider’s stock after buying an additional 3,364 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Goldman Sachs BDC were worth $538,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. WFA Asset Management Corp bought a new position in Goldman Sachs BDC during the first quarter valued at approximately $29,000. Register Financial Advisors LLC acquired a new stake in shares of Goldman Sachs BDC in the 1st quarter valued at $41,000. Creekmur Asset Management LLC bought a new stake in Goldman Sachs BDC in the fourth quarter worth $45,000. Rothschild Investment LLC acquired a new position in Goldman Sachs BDC during the second quarter worth $113,000. Finally, Zions Bancorporation N.A. bought a new position in Goldman Sachs BDC during the second quarter valued at about $128,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

Wall Street Analyst Weigh In

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

Goldman Sachs BDC Price Performance

NYSE GSBD opened at $13.49 on Tuesday. The stock has a 50-day simple moving average of $14.00 and a 200 day simple moving average of $14.85. Goldman Sachs BDC, Inc. has a twelve month low of $13.38 and a twelve month high of $15.94. The stock has a market capitalization of $1.51 billion, a PE ratio of 7.03 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.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The company had revenue of $108.62 million during the quarter, compared to analyst estimates of $112.07 million. Goldman Sachs BDC had a return on equity of 15.79% and a net margin of 19.84%. Research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, September 30th. This represents a $1.80 annualized dividend and a dividend yield of 13.34%. Goldman Sachs BDC’s payout ratio is 93.75%.

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.