2 days Ago By ABMN Staff
Shares of Goldman Sachs BDC, Inc. ( NYSE:GSBD – Get Free Report ) saw unusually-strong trading volume on Tuesday . Approximately 1,011,298 shares changed hands during trading, an increase of 48% from the previous session’s volume of 682,024 shares.
The stock last traded at $12.04 and had previously closed at $12.24.
Wall Street Analyst Weigh In Separately, StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Check Out Our Latest Research Report on GSBD Goldman Sachs BDC Trading Down 4.
6 % Goldman Sachs BDC ( NYSE:GSBD – Get Free Report ) last announced its 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. The business had revenue of $110.
41 million for the quarter, compared to analysts’ expectations of $112.43 million. Goldman Sachs BDC had a return on equity of 15.
72% and a net margin of 17.01%. During the same quarter last year, the firm earned $0.
64 EPS. As a group, equities research analysts expect that Goldman Sachs BDC, Inc. will post 2.
19 earnings per share for the current year. Goldman Sachs BDC Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be issued a $0.
45 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.
80 dividend on an annualized basis and a yield of 14.88%. Goldman Sachs BDC’s dividend payout ratio is presently 257.
14%. Institutional Investors Weigh In On Goldman Sachs BDC A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp raised its stake in Goldman Sachs BDC by 10.
4% in 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 during the last quarter. Marshall Wace LLP purchased a new position in shares of Goldman Sachs BDC in the 2nd quarter valued at approximately $18,533,000.
J.W. Cole Advisors Inc.
acquired a new stake in Goldman Sachs BDC in the 3rd quarter worth approximately $526,000. Wealth Enhancement Advisory Services LLC grew its position in Goldman Sachs BDC by 50.3% during the 3rd quarter.
Wealth Enhancement Advisory Services LLC now owns 30,356 shares of the financial services provider’s stock worth $418,000 after purchasing an additional 10,161 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Goldman Sachs BDC by 4,607.0% during the 3rd quarter.
Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 1,981 shares in the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.
About Goldman Sachs BDC ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Goldman Sachs BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs BDC and related companies with MarketBeat.
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