Magnetar Financial LLC Takes Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Magnetar Financial LLC acquired a new position in Goldman Sachs BDC, Inc. (NYSE:GSBD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 49,353 shares of the financial services provider’s stock, valued at approximately $742,000.

Several other large investors also recently added to or reduced their stakes in the business. ProShare Advisors LLC boosted its stake in shares of Goldman Sachs BDC by 11.2% during the 2nd quarter. ProShare Advisors LLC now owns 17,113 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 1,723 shares during the last quarter. Summit Trail Advisors LLC purchased a new position in Goldman Sachs BDC during the second quarter valued at $634,000. Kendall Capital Management bought a new stake in Goldman Sachs BDC during the second quarter valued at about $339,000. Envestnet Asset Management Inc. increased its position in Goldman Sachs BDC by 17.9% in the second quarter. Envestnet Asset Management Inc. now owns 523,071 shares of the financial services provider’s stock worth $7,862,000 after buying an additional 79,315 shares in the last quarter. Finally, Zions Bancorporation N.A. bought a new position in shares of Goldman Sachs BDC in the second quarter worth about $128,000. 28.72% of the stock is currently owned by institutional investors.

Goldman Sachs BDC Stock Down 0.3 %

NYSE GSBD opened at $14.39 on Wednesday. Goldman Sachs BDC, Inc. has a 12 month low of $13.39 and a 12 month high of $15.94. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.22. The stock has a market cap of $1.61 billion, a PE ratio of 7.49 and a beta of 1.07. The stock’s 50 day moving average is $14.34 and its 200 day moving average is $14.99.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results 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 firm had revenue of $108.62 million for the quarter, compared to the consensus estimate of $112.07 million. Goldman Sachs BDC had a net margin of 19.84% and a return on equity of 15.79%. Research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.51%. Goldman Sachs BDC’s payout ratio is 93.75%.

Wall Street Analyst Weigh In

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

About Goldman Sachs BDC

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.