Saxon Interests Inc. Purchases Shares of 121,880 Goldman Sachs BDC, Inc. $GSBD

Saxon Interests Inc. acquired a new stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 121,880 shares of the financial services provider’s stock, valued at approximately $1,131,000.

A number of other institutional investors have also recently made changes to their positions in GSBD. ORG Partners LLC purchased a new position in shares of Goldman Sachs BDC during the fourth quarter valued at about $33,000. Quantbot Technologies LP purchased a new position in shares of Goldman Sachs BDC during the second quarter valued at about $62,000. Advisory Services Network LLC purchased a new position in shares of Goldman Sachs BDC during the third quarter valued at about $68,000. Farther Finance Advisors LLC purchased a new position in shares of Goldman Sachs BDC during the fourth quarter valued at about $77,000. Finally, Sound Income Strategies LLC grew its position in shares of Goldman Sachs BDC by 592.6% during the fourth quarter. Sound Income Strategies LLC now owns 10,265 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 8,783 shares in the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Up 1.8%

Shares of NYSE GSBD opened at $9.24 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $1.04 billion, a P/E ratio of 14.22 and a beta of 0.58. Goldman Sachs BDC, Inc. has a 1 year low of $8.65 and a 1 year high of $12.03. The firm has a 50-day simple moving average of $9.24 and a two-hundred day simple moving average of $9.35.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.07). The firm 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%. Research analysts anticipate that Goldman Sachs BDC, Inc. will post 1.15 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, June 30th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.28 annualized dividend and a yield of 13.8%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 196.92%.

Insider Transactions at Goldman Sachs BDC

In other news, Director Carlos E. Evans acquired 50,000 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was acquired at an average price of $9.02 per share, with a total value of $451,000.00. Following the completion of the purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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