Redhawk Wealth Advisors Inc. Has $538,000 Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Redhawk Wealth Advisors Inc. lifted its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) 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 (NYSE:GSBD) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. The business had revenue of $108.62 million for the quarter, compared to the consensus estimate of $112.07 million. Goldman Sachs BDC had a return on equity of 15.79% and a net margin of 19.84%. Equities research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

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.

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.