Union Bancaire Privee UBP SA Makes New Investment in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Union Bancaire Privee UBP SA acquired a new stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 29,194 shares of the financial services provider’s stock, valued at approximately $353,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GSBD. Van ECK Associates Corp grew its holdings in shares of Goldman Sachs BDC by 10.4% during the third quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider’s stock valued at $36,408,000 after buying an additional 255,458 shares in the last quarter. Shikiar Asset Management Inc. increased 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 valued at $5,446,000 after purchasing an additional 28,100 shares during the period. Cetera Investment Advisers lifted its position in shares of Goldman Sachs BDC by 8.9% in the second quarter. Cetera Investment Advisers now owns 422,010 shares of the financial services provider’s stock worth $6,343,000 after purchasing an additional 34,631 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Goldman Sachs BDC by 2,121.3% during the third quarter. International Assets Investment Management LLC now owns 329,200 shares of the financial services provider’s stock worth $45,300,000 after purchasing an additional 314,380 shares during the period. Finally, HighTower Advisors LLC grew its position in Goldman Sachs BDC by 9.0% during the third quarter. HighTower Advisors LLC now owns 315,949 shares of the financial services provider’s stock valued at $4,347,000 after purchasing an additional 26,134 shares in the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Goldman Sachs BDC Stock Up 0.4 %

Shares of Goldman Sachs BDC stock opened at $12.86 on Wednesday. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 18.36 and a beta of 1.06. The stock has a 50-day simple moving average of $12.63 and a 200-day simple moving average of $13.50. Goldman Sachs BDC, Inc. has a 52-week low of $11.72 and a 52-week high of $15.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26.

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

Goldman Sachs BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 14.00%. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 257.15%.

About Goldman Sachs BDC

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.