Goldman Sachs BDC, Inc. (NYSE:GSBD) Holdings Lowered by Muzinich & Co. Inc.

Muzinich & Co. Inc. lowered its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 8.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 392,536 shares of the financial services provider’s stock after selling 35,286 shares during the period. Goldman Sachs BDC makes up about 3.8% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 9th biggest position. Muzinich & Co. Inc. owned approximately 0.34% of Goldman Sachs BDC worth $5,401,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in Goldman Sachs BDC by 10.4% during the third quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider’s stock worth $36,408,000 after acquiring an additional 255,458 shares during the last quarter. Shikiar Asset Management Inc. raised its position in shares of Goldman Sachs BDC by 16.1% during the 2nd quarter. Shikiar Asset Management Inc. now owns 554,290 shares of the financial services provider’s stock worth $8,331,000 after purchasing an additional 76,715 shares during the last quarter. Marshall Wace LLP purchased a new stake in Goldman Sachs BDC in the 2nd quarter valued at approximately $18,533,000. J.W. Cole Advisors Inc. acquired a new stake in Goldman Sachs BDC during the 3rd quarter valued at $526,000. Finally, Naviter Wealth LLC increased its position in Goldman Sachs BDC by 55.3% during the second quarter. Naviter Wealth LLC now owns 131,241 shares of the financial services provider’s stock worth $2,032,000 after buying an additional 46,760 shares in the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wells Fargo & Company upgraded Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $14.00 to $12.00 in a research report on Monday, August 12th. StockNews.com raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Truist Financial cut their price objective 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.

Goldman Sachs BDC Price Performance

Shares of NYSE:GSBD opened at $12.77 on Friday. The company has a market cap of $1.50 billion, a P/E ratio of 18.24 and a beta of 1.07. The business has a fifty day simple moving average of $13.64 and a 200-day simple moving average of $14.53. Goldman Sachs BDC, Inc. has a 52 week low of $12.67 and a 52 week high of $15.94. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $112.43 million. During the same quarter in the previous year, the business earned $0.64 EPS. Equities research analysts forecast that Goldman Sachs BDC, Inc. will post 2.18 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.10%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 257.15%.

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.