Hibernia Wealth Partners LLC Boosts Stake in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Hibernia Wealth Partners LLC lifted its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 49.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,704 shares of the financial services provider’s stock after purchasing an additional 23,755 shares during the quarter. Hibernia Wealth Partners LLC owned about 0.06% of Goldman Sachs BDC worth $987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GSBD. Norden Group LLC increased its holdings in Goldman Sachs BDC by 1,000.5% in the 1st quarter. Norden Group LLC now owns 119,304 shares of the financial services provider’s stock valued at $1,787,000 after purchasing an additional 108,463 shares during the last quarter. Shikiar Asset Management Inc. raised its holdings in shares of Goldman Sachs BDC by 16.1% in the 2nd quarter. Shikiar Asset Management Inc. now owns 554,290 shares of the financial services provider’s stock valued at $8,331,000 after buying an additional 76,715 shares during the period. Naviter Wealth LLC acquired a new position in Goldman Sachs BDC during the 1st quarter worth about $1,304,000. Marshall Wace LLP purchased a new position in Goldman Sachs BDC during the 2nd quarter valued at about $18,533,000. Finally, Cetera Advisors LLC grew its position in Goldman Sachs BDC by 762.7% in the 1st quarter. Cetera Advisors LLC now owns 136,015 shares of the financial services provider’s stock valued at $2,038,000 after acquiring an additional 120,249 shares in the last quarter. 28.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Wells Fargo & Company upgraded shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $14.00 to $12.00 in a report on Monday, August 12th. Finally, Truist Financial dropped their price target on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, August 12th.

Goldman Sachs BDC Stock Performance

Shares of Goldman Sachs BDC stock opened at $13.48 on Monday. The business has a 50-day simple moving average of $13.94 and a 200-day simple moving average of $14.76. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.22 and a current ratio of 1.22. Goldman Sachs BDC, Inc. has a one year low of $13.38 and a one year high of $15.94. The company has a market cap of $1.58 billion, a PE ratio of 15.86 and a beta of 1.07.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. Goldman Sachs BDC had a net margin of 19.84% and a return on equity of 15.79%. The company had revenue of $108.62 million for the quarter, compared to the consensus estimate of $112.07 million. On average, equities research analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, September 30th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 13.35%. The ex-dividend date of this dividend is Monday, September 30th. Goldman Sachs BDC’s dividend payout ratio is presently 211.76%.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.