Insider Buying: Goldman Sachs BDC Inc (NYSE:GSBD) COO Acquires $29,350.00 in Stock

Goldman Sachs BDC Inc (NYSE:GSBD) COO Jon Yoder bought 2,500 shares of Goldman Sachs BDC stock in a transaction that occurred on Thursday, March 19th. The stock was bought at an average cost of $11.74 per share, with a total value of $29,350.00. Following the completion of the purchase, the chief operating officer now owns 7,500 shares in the company, valued at approximately $88,050. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE:GSBD opened at $12.42 on Thursday. The company’s 50-day moving average price is $18.29 and its two-hundred day moving average price is $20.14. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.68 and a quick ratio of 0.68. Goldman Sachs BDC Inc has a one year low of $8.00 and a one year high of $22.50. The stock has a market capitalization of $454.52 million, a PE ratio of 13.80 and a beta of 0.98.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.45 dividend. The ex-dividend date is Monday, March 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.49%. Goldman Sachs BDC’s payout ratio is 90.91%.

GSBD has been the topic of several analyst reports. Wells Fargo & Co raised shares of Goldman Sachs BDC from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $20.25 to $15.75 in a research report on Wednesday. Zacks Investment Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Friday, January 31st. ValuEngine cut shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Friday, March 20th. Raymond James cut shares of Goldman Sachs BDC from an “outperform” rating to a “market perform” rating in a research report on Monday, February 24th. Finally, Piper Jaffray Companies cut shares of Goldman Sachs BDC from an “outperform” rating to a “market perform” rating in a research report on Monday, February 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Goldman Sachs BDC currently has a consensus rating of “Hold” and an average target price of $20.95.

Several hedge funds have recently modified their holdings of GSBD. Van ECK Associates Corp raised its stake in shares of Goldman Sachs BDC by 22.4% during the fourth quarter. Van ECK Associates Corp now owns 399,052 shares of the financial services provider’s stock valued at $8,492,000 after acquiring an additional 72,923 shares during the last quarter. Radnor Financial Advisors LLC acquired a new position in shares of Goldman Sachs BDC during the fourth quarter valued at about $4,160,000. Virtus ETF Advisers LLC increased its holdings in shares of Goldman Sachs BDC by 5.6% during the fourth quarter. Virtus ETF Advisers LLC now owns 192,978 shares of the financial services provider’s stock valued at $4,107,000 after acquiring an additional 10,154 shares in the last quarter. Cliffwater LLC increased its holdings in shares of Goldman Sachs BDC by 5.7% during the fourth quarter. Cliffwater LLC now owns 172,523 shares of the financial services provider’s stock valued at $3,671,000 after acquiring an additional 9,361 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware increased its holdings in shares of Goldman Sachs BDC by 2.3% during the fourth quarter. Mckinley Capital Management LLC Delaware now owns 159,311 shares of the financial services provider’s stock valued at $3,390,000 after acquiring an additional 3,588 shares in the last quarter. 35.47% of the stock is currently owned by institutional investors.

Goldman Sachs BDC Company 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.

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