One William Street Capital Management L.P. Takes Position in Goldman Sachs BDC, Inc. $GSBD

One William Street Capital Management L.P. bought a new stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 80,000 shares of the financial services provider’s stock, valued at approximately $742,000. Goldman Sachs BDC accounts for about 0.1% of One William Street Capital Management L.P.’s portfolio, making the stock its 4th largest holding. One William Street Capital Management L.P. owned about 0.07% of Goldman Sachs BDC at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Van ECK Associates Corp grew its position in shares of Goldman Sachs BDC by 3.2% during the 3rd quarter. Van ECK Associates Corp now owns 2,889,090 shares of the financial services provider’s stock valued at $29,382,000 after acquiring an additional 89,009 shares during the period. UBS Group AG grew its position in shares of Goldman Sachs BDC by 18.2% during the 4th quarter. UBS Group AG now owns 1,607,176 shares of the financial services provider’s stock valued at $14,915,000 after acquiring an additional 247,163 shares during the period. Ares Management LLC grew its position in shares of Goldman Sachs BDC by 77.0% during the 4th quarter. Ares Management LLC now owns 1,413,058 shares of the financial services provider’s stock valued at $13,113,000 after acquiring an additional 614,637 shares during the period. Balyasny Asset Management L.P. grew its position in shares of Goldman Sachs BDC by 412.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,103,870 shares of the financial services provider’s stock valued at $12,419,000 after acquiring an additional 888,608 shares during the period. Finally, Invesco Ltd. grew its position in shares of Goldman Sachs BDC by 14.2% during the 3rd quarter. Invesco Ltd. now owns 1,063,940 shares of the financial services provider’s stock valued at $10,820,000 after acquiring an additional 132,322 shares during the period. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Stock Up 0.6%

GSBD opened at $9.32 on Wednesday. The company has a 50 day moving average of $9.25 and a 200 day moving average of $9.34. The company has a market cap of $1.05 billion, a PE ratio of 14.34 and a beta of 0.58. Goldman Sachs BDC, Inc. has a 12 month low of $8.65 and a 12 month high of $12.03. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.39.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data 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). The business had revenue of $10.35 million during the quarter, compared to the consensus estimate of $83.78 million. Goldman Sachs BDC had a return on equity of 10.94% and a net margin of 21.32%. On average, sell-side analysts expect that Goldman Sachs BDC, Inc. will post 1.15 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently declared 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. This represents a $1.28 annualized dividend and a yield of 13.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 196.92%.

Insider Buying and Selling

In other news, Director Carlos E. Evans purchased 50,000 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was purchased at an average cost of $9.02 per share, with a total value of $451,000.00. Following the acquisition, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Truist Financial cut their price objective on shares of Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating for the company in a report on Tuesday, May 19th. Wall Street Zen downgraded shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Goldman Sachs BDC in a report on Tuesday, June 2nd. Finally, Wells Fargo & Company cut their price objective on shares of Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, March 2nd. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Goldman Sachs BDC has a consensus rating of “Reduce” and a consensus price target of $9.17.

About Goldman Sachs BDC

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.