International Assets Investment Management LLC Raises Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Posted by Defense World Staff on Jul 5th, 2023

International Assets Investment Management LLC grew its position in Goldman Sachs BDC, Inc. (NYSE:GSBD – Free Report) by 33.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,820 shares of the financial services provider’s stock after acquiring an additional 8,305 shares during the period. International Assets Investment Management LLC’s holdings in Goldman Sachs BDC were worth $194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Confluence Investment Management LLC lifted its stake in shares of Goldman Sachs BDC by 4.9% in the fourth quarter. Confluence Investment Management LLC now owns 209,340 shares of the financial services provider’s stock valued at $2,872,000 after purchasing an additional 9,825 shares during the period. AJ Wealth Strategies LLC acquired a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at about $178,000. Moors & Cabot Inc. acquired a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at about $140,000. EverSource Wealth Advisors LLC acquired a new position in Goldman Sachs BDC during the fourth quarter worth about $54,000. Finally, Cascade Investment Group Inc. acquired a new position in Goldman Sachs BDC during the fourth quarter worth about $879,000. Hedge funds and other institutional investors own 28.86% of the company’s stock.

Insider Activity

In other news, insider David Miller acquired 20,000 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was acquired at an average price of $13.16 per share, with a total value of $263,200.00. Following the completion of the transaction, the insider now directly owns 20,000 shares in the company, valued at approximately $263,200. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Goldman Sachs BDC in a research report on Thursday, May 18th. They set a “hold” rating for the company. Five analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.67.

Goldman Sachs BDC Trading Up 0.1 %

Shares of GSBD opened at $13.88 on Wednesday. The stock has a market cap of $1.52 billion, a P/E ratio of 33.85 and a beta of 1.20. The company has a 50-day moving average of $13.56 and a two-hundred day moving average of $14.25. Goldman Sachs BDC, Inc. has a 12-month low of $12.75 and a 12-month high of $18.10.

Goldman Sachs BDC (NYSE:GSBD – Free Report) last posted its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.09). The firm had revenue of $107.40 million during the quarter, compared to analyst estimates of $107.34 million. Goldman Sachs BDC had a net margin of 10.90% and a return on equity of 14.15%. As a group, analysts forecast that Goldman Sachs BDC, Inc. will post 2.08 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Stockholders of record on Friday, June 30th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.97%. The ex-dividend date is Thursday, June 29th. Goldman Sachs BDC’s dividend payout ratio is presently 439.02%.

Goldman Sachs BDC Profile

(Free Report)

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.