Magnus Financial Group LLC Makes New Investment in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Magnus Financial Group LLC acquired a new position in Goldman Sachs BDC, Inc. (NYSE:GSBD) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 20,344 shares of the financial services provider’s stock, valued at approximately $246,000.

A number of other hedge funds have also made changes to their positions in GSBD. Diversify Wealth Management LLC acquired a new position in Goldman Sachs BDC during the 4th quarter valued at $284,000. Mandatum Life Insurance Co Ltd lifted its holdings in Goldman Sachs BDC by 3.3% during the 4th quarter. Mandatum Life Insurance Co Ltd now owns 41,675 shares of the financial services provider’s stock valued at $504,000 after purchasing an additional 1,327 shares during the last quarter. Shikiar Asset Management Inc. boosted its holdings in shares of Goldman Sachs BDC by 6.7% in the 4th quarter. Shikiar Asset Management Inc. now owns 450,090 shares of the financial services provider’s stock worth $5,446,000 after acquiring an additional 28,100 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Goldman Sachs BDC during the fourth quarter worth $135,000. Finally, Redhawk Wealth Advisors Inc. grew its holdings in Goldman Sachs BDC by 12.4% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 43,960 shares of the financial services provider’s stock worth $532,000 after acquiring an additional 4,860 shares during the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th.

Goldman Sachs BDC Stock Up 2.0 %

Shares of GSBD stock opened at $12.58 on Friday. The firm has a market capitalization of $1.48 billion, a P/E ratio of 17.98 and a beta of 1.06. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. The firm’s fifty day moving average price is $12.63 and its two-hundred day moving average price is $13.58. Goldman Sachs BDC, Inc. has a 1 year low of $11.72 and a 1 year high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. The company had revenue of $110.41 million for the quarter, compared to analyst estimates of $112.43 million. During the same period in the previous year, the firm posted $0.64 EPS. On average, equities analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 14.30%. The ex-dividend date of this dividend is Tuesday, December 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 257.15%.

Goldman Sachs BDC 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.