Insider Buying: Goldman Sachs BDC Inc (NYSE:GSBD) EVP Acquires $21,262.50 in Stock

Goldman Sachs BDC Inc (NYSE:GSBD) EVP Michael Mastropaolo purchased 1,890 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was acquired at an average cost of $11.25 per share, with a total value of $21,262.50. Following the completion of the acquisition, the executive vice president now directly owns 1,890 shares in the company, valued at approximately $21,262.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Michael Mastropaolo also recently made the following trade(s):

  • On Monday, March 23rd, Michael Mastropaolo acquired 1,890 shares of Goldman Sachs BDC stock. The shares were acquired at an average price of $10.12 per share, with a total value of $19,126.80.

Goldman Sachs BDC stock opened at $12.42 on Thursday. The firm’s 50 day simple moving average is $18.29 and its 200-day simple moving average is $20.14. The company has a market cap of $454.52 million, a P/E ratio of 13.80 and a beta of 0.98. 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 fifty-two week low of $8.00 and a fifty-two week high of $22.50.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $1.80 annualized dividend and a dividend yield of 14.49%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 90.91%.

A number of research firms recently commented on GSBD. Wells Fargo & Co upgraded shares of Goldman Sachs BDC from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $20.25 to $15.75 in a report on Wednesday. Zacks Investment Research upgraded shares of Goldman Sachs BDC from a “strong sell” rating to a “buy” rating and set a $24.00 target price for the company in a report on Friday, January 31st. Piper Jaffray Companies lowered 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. Raymond James cut Goldman Sachs BDC from an “outperform” rating to a “market perform” rating in a report on Monday, February 24th. Finally, ValuEngine downgraded Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Friday, March 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.95.

Several large investors have recently modified their holdings of the stock. Advisory Services Network LLC grew its position in Goldman Sachs BDC by 62.5% during the 4th quarter. Advisory Services Network LLC now owns 1,300 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 500 shares in the last quarter. Signaturefd LLC acquired a new stake in Goldman Sachs BDC during the 4th quarter valued at $54,000. Advisor Group Inc. lifted its holdings in shares of Goldman Sachs BDC by 25.2% in the fourth quarter. Advisor Group Inc. now owns 4,561 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 919 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at $171,000. Finally, Optimum Investment Advisors lifted its holdings in shares of Goldman Sachs BDC by 129.3% in the fourth quarter. Optimum Investment Advisors now owns 8,867 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 35.47% of the company’s stock.

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.

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