Meridian Wealth Management LLC Reduces Holdings in Goldman Sachs BDC, Inc. $GSBD

Meridian Wealth Management LLC decreased its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 60.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 129,822 shares of the financial services provider’s stock after selling 198,617 shares during the quarter. Meridian Wealth Management LLC owned approximately 0.11% of Goldman Sachs BDC worth $1,205,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. ORG Partners LLC purchased a new position in shares of Goldman Sachs BDC during the fourth quarter worth about $33,000. CWM LLC grew its holdings in shares of Goldman Sachs BDC by 187.8% during the third quarter. CWM LLC now owns 4,864 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 3,174 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Goldman Sachs BDC during the third quarter worth about $51,000. Quantbot Technologies LP purchased a new position in shares of Goldman Sachs BDC during the second quarter worth about $62,000. Finally, Advisory Services Network LLC purchased a new position in shares of Goldman Sachs BDC during the third quarter worth about $68,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Performance

NYSE GSBD opened at $8.94 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 1.39. Goldman Sachs BDC, Inc. has a 52-week low of $8.66 and a 52-week high of $12.03. The business’s 50-day moving average price is $9.32 and its 200 day moving average price is $9.47. The firm has a market cap of $1.01 billion, a P/E ratio of 13.75 and a beta of 0.62.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The company had revenue of $10.35 million for the quarter, compared to analysts’ expectations of $83.78 million. Goldman Sachs BDC had a return on equity of 10.94% and a net margin of 21.32%. On average, equities research analysts expect that Goldman Sachs BDC, Inc. will post 1.27 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, June 30th will be given a $0.32 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.28 dividend on an annualized basis and a yield of 14.3%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 196.92%.

Analyst Ratings Changes

A number of research firms recently issued reports on GSBD. Truist Financial lowered their price target on Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, March 4th. Wall Street Zen raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Sunday, March 15th. Wells Fargo & Company lowered their price target on Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Monday, March 2nd. Finally, Weiss Ratings raised Goldman Sachs BDC from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 5th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $9.50.

Insider Buying and Selling

In other news, Director Carlos E. Evans acquired 50,000 shares of Goldman Sachs BDC stock in a transaction that occurred on Thursday, April 2nd. The stock was purchased at an average price of $9.02 per share, for a total transaction of $451,000.00. Following the completion of the transaction, the director directly owned 64,446 shares in the company, valued at approximately $581,302.92. This trade represents a 346.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

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.