Redhawk Wealth Advisors Inc. lifted its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD – Free Report) by 9.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,100 shares of the financial services provider’s stock after purchasing an additional 3,364 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Goldman Sachs BDC were worth $538,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. WFA Asset Management Corp bought a new stake in Goldman Sachs BDC during the 1st quarter worth about $29,000. Register Financial Advisors LLC acquired a new stake in shares of Goldman Sachs BDC during the 1st quarter worth approximately $41,000. Creekmur Asset Management LLC bought a new stake in shares of Goldman Sachs BDC during the fourth quarter worth approximately $45,000. Rothschild Investment LLC acquired a new position in Goldman Sachs BDC in the second quarter valued at approximately $113,000. Finally, Zions Bancorporation N.A. bought a new position in Goldman Sachs BDC in the second quarter valued at approximately $128,000. 28.72% of the stock is owned by institutional investors.
Goldman Sachs BDC Trading Down 0.4 %
GSBD opened at $13.49 on Tuesday. The firm’s fifty day moving average is $14.00 and its two-hundred day moving average is $14.85. The firm has a market cap of $1.51 billion, a PE ratio of 7.03 and a beta of 1.07. Goldman Sachs BDC, Inc. has a twelve month low of $13.38 and a twelve month high of $15.94. 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 Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.80 annualized dividend and a dividend yield of 13.34%. Goldman Sachs BDC’s dividend payout ratio is presently 93.75%.
Analysts Set New Price Targets
Several analysts have commented on the stock. Truist Financial dropped their target price on shares of 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. Wells Fargo & Company upgraded Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $14.00 to $12.00 in a report on Monday, August 12th. Finally, StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th.
View Our Latest Stock Analysis on Goldman Sachs BDC
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.
Featured Stories
- Five stocks we like better than Goldman Sachs BDC
- How to Plot Fibonacci Price Inflection Levels
- Whirlpool’s High Dividend Yield Is Too Good to Pass Up
- Technology Stocks Explained: Here’s What to Know About Tech
- Holiday Spending Boom Ahead: 3 BNPL Stocks Poised for Gains
- Which Wall Street Analysts are the Most Accurate?
- Boeing: A Perfect Storm of Trouble Is a Loaded Buying Opportunity
Want to see what other hedge funds are holding GSBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs BDC, Inc. (NYSE:GSBD – Free Report).
Receive News & Ratings for Goldman Sachs BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs BDC and related companies with MarketBeat.com's FREE daily email newsletter.