Round Rock Advisors LLC Takes Position in Goldman Sachs BDC, Inc.

Round Rock Advisors LLC has recently established a new stake in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) during the fourth quarter. This information was disclosed in the firm's latest Form 13F filing submitted to the Securities and Exchange Commission. The firm purchased 74,940 shares of Goldman Sachs BDC's stock, amounting to an investment valued at roughly $907,000. Following this acquisition, Round Rock Advisors LLC holds about 0.06% of Goldman Sachs BDC, as per their most current filing.

Additionally, a variety of other hedge funds and institutional investors have either increased or decreased their shares in Goldman Sachs BDC. Notably, Van ECK Associates Corp raised its position in shares by 10.4% in the third quarter, now owning 2,706,897 shares valued at $36,408,000 after acquiring an extra 255,458 shares. In the fourth quarter, Shikiar Asset Management Inc. increased its stake by 6.7%, owning 450,090 shares worth $5,446,000 after the addition of 28,100 shares.

Cetera Investment Advisers also raised its stake by 8.9% in the second quarter, which now totals 422,010 shares valued at $6,343,000, having acquired an additional 34,631 shares recently. Furthermore, International Assets Investment Management LLC showed substantial growth in its holdings, skyrocketing by 2,121.3% during the third quarter to now own 329,200 shares valued at $45,300,000. Lastly, HighTower Advisors LLC expanded its position by 9.0% in the third quarter, now holding 315,949 shares valued at $4,347,000 following the purchase of 26,134 additional shares. Currently, institutional investors own approximately 28.72% of the stock.

Goldman Sachs BDC Stock Performance

As for market metrics, GSBD commenced trading at $12.85 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26, and a current ratio of 1.26. Presently, Goldman Sachs BDC has a market cap of $1.51 billion, a PE ratio of 18.35, and a beta of 1.06. The 50-day moving average stands at $12.62, whereas the 200-day moving average is at $13.45. Over the past year, the stock reached a low of $11.72 and a high of $15.94.

On November 7th, Goldman Sachs BDC, Inc. shared its quarterly earnings data, reporting earnings per share (EPS) of $0.58 for the quarter, surpassing the expectations of analysts, who had predicted $0.56. The company reported revenue of $110.41 million for the quarter, while analysts had anticipated $112.43 million. The return on equity was calculated at 15.72%, with a net margin of 17.01%. Comparatively, this time last year, the firm posted an EPS of $0.64. Looking ahead, equity research analysts forecast an average EPS of 2.19 for the current year.

Recent Dividend Announcement

Moreover, Goldman Sachs BDC recently announced a quarterly dividend, which was disbursed on January 27th. The dividend was paid to shareholders on record as of December 31st, amounting to $0.45 per share. This yields an annualized dividend of $1.80 and a dividend yield of 14.01%. The ex-dividend date for this payout was December 31st. Currently, Goldman Sachs BDC's dividend payout ratio is estimated at 257.15%.

Analyst Rating Updates

In terms of analyst ratings, StockNews.com recently upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report published on October 8th.

Goldman Sachs BDC Overview

(Free Report) Goldman Sachs BDC, Inc. operates as a business development company focusing on middle-market and mezzanine investments in private firms. The company aims for capital appreciation primarily through direct originations of various kinds of secured and unsecured debt, including mezzanine debt and, to a lesser extent, equity investments.

acquisition, investors, financial