Y Intercept Hong Kong Ltd Has $467,000 Stake in Goldman Sachs BDC, Inc. $GSBD

Y Intercept Hong Kong Ltd lowered its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 66.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,620 shares of the financial services provider’s stock after selling 106,107 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Goldman Sachs BDC were worth $467,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new stake in Goldman Sachs BDC during the 4th quarter worth about $33,000. Kestra Advisory Services LLC acquired a new position in shares of Goldman Sachs BDC during the 4th quarter worth about $57,000. Quantbot Technologies LP bought a new position in shares of Goldman Sachs BDC in the 2nd quarter valued at about $62,000. SHP Wealth Management bought a new position in shares of Goldman Sachs BDC in the 4th quarter valued at about $63,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Goldman Sachs BDC in the third quarter valued at about $68,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. The Goldman Sachs Group lowered Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 target price on the stock. in a report on Thursday, July 9th. Truist Financial dropped their price objective on Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating on the stock in a research note on Tuesday, May 19th. Zacks Research downgraded Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Bank of America reissued an “underperform” rating and issued a $8.50 target price (down from $9.00) on shares of Goldman Sachs BDC in a research note on Thursday, July 9th. Finally, Wall Street Zen downgraded shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Three research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and an average price target of $8.50.

Goldman Sachs BDC Price Performance

NYSE:GSBD opened at $8.91 on Wednesday. The company has a market cap of $1.00 billion, a P/E ratio of 13.72 and a beta of 0.56. The firm’s fifty day moving average price is $9.14 and its two-hundred day moving average price is $9.25. Goldman Sachs BDC, Inc. has a one year low of $8.35 and a one year high of $12.03. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.11 and a quick ratio of 1.11.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). Goldman Sachs BDC had a net margin of 21.32% and a return on equity of 10.94%. The business had revenue of $10.35 million during the quarter, compared to analyst estimates of $83.78 million. Equities analysts expect that Goldman Sachs BDC, Inc. will post 1.14 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, June 30th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.28 dividend on an annualized basis and a yield of 14.4%. Goldman Sachs BDC’s payout ratio is currently 196.92%.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.