Founders Financial Alliance LLC Has $486,000 Stake in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Founders Financial Alliance LLC grew its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 28.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,362 shares of the financial services provider’s stock after purchasing an additional 7,164 shares during the period. Founders Financial Alliance LLC’s holdings in Goldman Sachs BDC were worth $486,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norden Group LLC increased its holdings in shares of Goldman Sachs BDC by 1,000.5% in the 1st quarter. Norden Group LLC now owns 119,304 shares of the financial services provider’s stock valued at $1,787,000 after purchasing an additional 108,463 shares during the period. Shikiar Asset Management Inc. increased its holdings in Goldman Sachs BDC by 16.1% in the second quarter. Shikiar Asset Management Inc. now owns 554,290 shares of the financial services provider’s stock worth $8,331,000 after buying an additional 76,715 shares during the last quarter. Confluence Investment Management LLC acquired a new position in Goldman Sachs BDC in the first quarter worth approximately $2,786,000. Naviter Wealth LLC acquired a new position in Goldman Sachs BDC in the first quarter worth approximately $1,304,000. Finally, Marshall Wace LLP acquired a new position in Goldman Sachs BDC in the second quarter worth approximately $18,533,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Down 1.5 %

Shares of Goldman Sachs BDC stock opened at $13.76 on Tuesday. The stock has a market capitalization of $1.54 billion, a P/E ratio of 7.17 and a beta of 1.07. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.22. The stock has a 50 day moving average price of $14.26 and a two-hundred day moving average price of $14.95. Goldman Sachs BDC, Inc. has a 12-month low of $13.39 and a 12-month high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Thursday, August 8th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The firm had revenue of $108.62 million during the quarter, compared to analysts’ expectations of $112.07 million. Goldman Sachs BDC had a return on equity of 15.79% and a net margin of 19.84%. Equities analysts expect that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.80 annualized dividend and a dividend yield of 13.08%. Goldman Sachs BDC’s dividend payout ratio is 93.75%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GSBD shares. Wells Fargo & Company upgraded Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $14.00 to $12.00 in a report on Monday, August 12th. Truist Financial dropped their price objective on Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, August 12th. Finally, StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Wednesday, September 25th.

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.