Adams Asset Advisors LLC Boosts Stock Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Adams Asset Advisors LLC grew its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 41.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 262,334 shares of the financial services provider’s stock after purchasing an additional 76,257 shares during the period. Adams Asset Advisors LLC’s holdings in Goldman Sachs BDC were worth $3,174,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC raised 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 purchasing an additional 1,981 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Goldman Sachs BDC by 149.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,275 shares in the last quarter. WFA Asset Management Corp purchased a new position in Goldman Sachs BDC in the third quarter worth approximately $33,000. Zions Bancorporation N.A. acquired a new position in Goldman Sachs BDC during the 2nd quarter worth approximately $128,000. Finally, Principal Street Partners LLC purchased a new stake in shares of Goldman Sachs BDC in the 3rd quarter valued at approximately $141,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Down 0.8 %

GSBD stock traded down $0.10 during trading on Monday, hitting $11.83. 447,882 shares of the company’s stock were exchanged, compared to its average volume of 995,290. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 16.90 and a beta of 1.06. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC, Inc. has a 52-week low of $11.72 and a 52-week high of $15.94. The business has a 50-day moving average price of $12.74 and a two-hundred day moving average price of $13.75.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. The firm had revenue of $110.41 million for the quarter, compared to analyst estimates of $112.43 million. During the same period last year, the business earned $0.64 EPS. As a group, equities research analysts expect that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 15.22%. The ex-dividend date is Tuesday, December 31st. Goldman Sachs BDC’s payout ratio is currently 257.14%.

Wall Street Analyst Weigh In

Separately, 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 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.