BNP Paribas Financial Markets Increases Stake in Goldman Sachs BDC, Inc.

BNP Paribas Financial Markets has significantly increased its investment in Goldman Sachs BDC, Inc. (NYSE:GSBD) by an impressive 493.9% during the third quarter of the year. This increase was disclosed in the latest Form 13F filing submitted to the Securities and Exchange Commission. After acquiring an additional 29,365 shares throughout the quarter, BNP Paribas now owns a total of 35,311 shares of the financial services company's stock. The current value of its holdings in Goldman Sachs BDC stands at approximately $486,000 according to the most recent SEC filing.

Other institutional investors and hedge funds are also adjusting their positions concerning Goldman Sachs BDC. For instance, Marshall Wace LLP initiated a new position in the second quarter, investing about $18,533,000 in the company. Meanwhile, Van ECK Associates Corp increased its ownership by 20.3%, acquiring an additional 413,745 shares to reach a total of 2,451,439 shares valued at $36,845,000. Furthermore, International Assets Investment Management LLC significantly boosted its stake by 2,121.3% in the third quarter, amassing 329,200 shares valued at approximately $45,300,000 after adding 314,380 shares. Other notable investors include TrueMark Investments LLC, which purchased a new stake worth $1,438,000 in the second quarter, and Envestnet Asset Management Inc., which raised its position by 17.9%, owning 523,071 shares valued at $7,862,000 after acquiring an additional 79,315 shares. Overall, institutional investors and hedge funds currently hold around 28.72% of Goldman Sachs BDC stock.

Analyst Ratings and Stock Performance

Separately, StockNews.com upgraded the rating of Goldman Sachs BDC from a “sell” to a “hold” in a research report published on October 8th. As of the latest trading session on Friday, Goldman Sachs BDC stock opened at $12.87. The company has a total market capitalization of $1.51 billion, with a price-to-earnings ratio of 18.38 and a beta of 1.06. The stock’s 50-day simple moving average stands at $13.18, while the 200-day simple moving average is $14.18. The debt-to-equity ratio is recorded at 1.19 with both the current and quick ratios at 1.26. Goldman Sachs BDC’s stock has experienced a 52-week low of $12.67 and a high of $15.94.

Earnings and Dividend Announcements

The company recently announced its quarterly earnings results, revealing that Goldman Sachs BDC earned $0.58 per share (EPS) for the quarter, surpassing the consensus estimate of $0.56 by $0.02. The company reported a net margin of 17.01% and a return on equity of 15.72%, achieving revenue of $110.41 million during the quarter — slightly below analyst projections of $112.43 million. In contrast, the previous year’s quarters saw earnings of $0.64 EPS. Analysts expect Goldman Sachs BDC, Inc. to post an EPS of 2.19 for the current year.

Moreover, Goldman Sachs BDC has announced a quarterly dividend to be distributed on January 27th. Investors who are on record by December 31st will receive a dividend of $0.45 per share, marking an annualized dividend of $1.80 and a substantial yield of 13.99%. The payout ratio is noted at an impressive 257.14%.

Company Overview

Goldman Sachs BDC, Inc. specializes in business development, focusing on middle-market and mezzanine investments within private companies. The firm aims to achieve capital appreciation through direct origination of secured and junior debt, including first and second lien debts, unsecured mezzanine debt, and equity investments, albeit to a lesser extent.

BNP, Investment, Goldman