Compass Financial Management LLC Takes $522,000 Position in Goldman Sachs BDC, Inc. $GSBD

Compass Financial Management LLC acquired a new stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 58,285 shares of the financial services provider’s stock, valued at approximately $522,000. Compass Financial Management LLC owned 0.05% of Goldman Sachs BDC at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. lifted its position in Goldman Sachs BDC by 412.8% in the second quarter. Balyasny Asset Management L.P. now owns 1,103,870 shares of the financial services provider’s stock worth $12,419,000 after purchasing an additional 888,608 shares during the period. Ares Management LLC raised its stake in shares of Goldman Sachs BDC by 77.0% in the 4th quarter. Ares Management LLC now owns 1,413,058 shares of the financial services provider’s stock worth $13,113,000 after buying an additional 614,637 shares in the last quarter. American Financial Group Inc. bought a new stake in shares of Goldman Sachs BDC in the 4th quarter worth $4,701,000. Invesco Ltd. lifted its holdings in shares of Goldman Sachs BDC by 40.1% in the fourth quarter. Invesco Ltd. now owns 1,490,799 shares of the financial services provider’s stock valued at $13,835,000 after buying an additional 426,859 shares during the period. Finally, Closed End Fund Advisors Inc. acquired a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at $3,858,000. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Up 0.1%

Shares of Goldman Sachs BDC stock opened at $9.85 on Monday. Goldman Sachs BDC, Inc. has a 12-month low of $8.35 and a 12-month high of $11.53. The firm has a market capitalization of $1.11 billion, a PE ratio of 18.94 and a beta of 0.57. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.36. The stock’s fifty day moving average is $9.22 and its 200-day moving average is $9.22.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The business had revenue of $35.08 million during the quarter, compared to analyst estimates of $78.89 million. Goldman Sachs BDC had a return on equity of 11.04% and a net margin of 17.19%. Equities analysts anticipate that Goldman Sachs BDC, Inc. will post 1.2 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, September 30th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 13.0%. The ex-dividend date is Wednesday, September 30th. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 246.15%.

Analyst Upgrades and Downgrades

A number of research 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 upped their price target on shares of Goldman Sachs BDC from $9.00 to $10.00 and gave the company a “hold” rating in a report on Monday, August 10th. Bank of America restated an “underperform” rating and set a $8.50 price objective (down from $9.00) on shares of Goldman Sachs BDC in a research report on Thursday, July 9th. Wall Street Zen raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Zacks Research upgraded shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $8.75.

Goldman Sachs BDC 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.