Icon Advisers Inc. Co. Purchases 76,969 Shares of Goldman Sachs BDC, Inc. $GSBD

Icon Advisers Inc. Co. grew its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 197.8% in the third quarter, HoldingsChannel.com reports. The fund owned 115,889 shares of the financial services provider’s stock after acquiring an additional 76,969 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Goldman Sachs BDC were worth $1,179,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in GSBD. Allworth Financial LP boosted its position in shares of Goldman Sachs BDC by 48,594.1% during the 2nd quarter. Allworth Financial LP now owns 8,278 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 8,261 shares in the last quarter. Wealth Alliance LLC grew its stake in Goldman Sachs BDC by 116.0% during the second quarter. Wealth Alliance LLC now owns 43,955 shares of the financial services provider’s stock worth $494,000 after purchasing an additional 23,610 shares during the period. Hibernia Wealth Partners LLC increased its holdings in Goldman Sachs BDC by 61.3% in the second quarter. Hibernia Wealth Partners LLC now owns 61,029 shares of the financial services provider’s stock worth $687,000 after purchasing an additional 23,196 shares in the last quarter. Advisors Capital Management LLC increased its holdings in Goldman Sachs BDC by 14.6% in the second quarter. Advisors Capital Management LLC now owns 486,553 shares of the financial services provider’s stock worth $5,474,000 after purchasing an additional 61,821 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in Goldman Sachs BDC by 10.8% in the second quarter. Cetera Investment Advisers now owns 86,052 shares of the financial services provider’s stock valued at $968,000 after buying an additional 8,370 shares during the period. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Stock Up 0.5%

GSBD opened at $9.35 on Friday. Goldman Sachs BDC, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $12.48. The firm has a market capitalization of $1.05 billion, a P/E ratio of 8.99 and a beta of 0.62. The company’s 50-day moving average is $9.29 and its 200 day moving average is $9.94. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.01 and a quick ratio of 1.81.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data on Thursday, February 26th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $38.79 million during the quarter, compared to the consensus estimate of $87.18 million. Goldman Sachs BDC had a net margin of 32.62% and a return on equity of 12.23%. Research analysts expect that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, March 31st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date is Tuesday, March 31st. Goldman Sachs BDC’s payout ratio is presently 123.08%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings upgraded Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Wells Fargo & Company lowered their price objective on shares of Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Monday, March 2nd. Wall Street Zen downgraded shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, Truist Financial reduced their price target on shares of Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $9.50.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.