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

Magnus Financial Group LLC purchased a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,344 shares of the financial services provider’s stock, valued at approximately $246,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in shares of Goldman Sachs BDC by 4,607.0% during the third quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider’s stock worth $28,000 after buying an additional 1,981 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Goldman Sachs BDC by 149.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,275 shares in the last quarter. WFA Asset Management Corp acquired a new stake in Goldman Sachs BDC in the 3rd quarter valued at about $33,000. Centaurus Financial Inc. lifted its position in shares of Goldman Sachs BDC by 15.9% during the 2nd quarter. Centaurus Financial Inc. now owns 9,584 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 1,316 shares during the last quarter. Finally, Principal Street Partners LLC purchased a new stake in Goldman Sachs BDC during the third quarter worth approximately $141,000. 28.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised 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 Performance

NYSE:GSBD opened at $12.58 on Friday. The firm’s 50 day moving average is $12.63 and its two-hundred day moving average is $13.58. The company has a market cap of $1.48 billion, a P/E ratio of 17.98 and a beta of 1.06. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC, Inc. has a fifty-two week low of $11.72 and a fifty-two week high of $15.94.

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

Goldman Sachs BDC Announces Dividend

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