M Holdings Securities Inc. Has $347,000 Stock Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

M Holdings Securities Inc. lowered its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,187 shares of the financial services provider’s stock after selling 2,000 shares during the period. M Holdings Securities Inc.’s holdings in Goldman Sachs BDC were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp grew its position in Goldman Sachs BDC by 10.4% in the 3rd quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider’s stock valued at $36,408,000 after purchasing an additional 255,458 shares during the period. Shikiar Asset Management Inc. grew its holdings in shares of Goldman Sachs BDC by 16.1% during the second quarter. Shikiar Asset Management Inc. now owns 554,290 shares of the financial services provider’s stock valued at $8,331,000 after buying an additional 76,715 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Goldman Sachs BDC during the second quarter valued at about $18,533,000. J.W. Cole Advisors Inc. bought a new stake in shares of Goldman Sachs BDC during the third quarter worth about $526,000. Finally, Naviter Wealth LLC raised its holdings in shares of Goldman Sachs BDC by 55.3% in the 2nd quarter. Naviter Wealth LLC now owns 131,241 shares of the financial services provider’s stock worth $2,032,000 after acquiring an additional 46,760 shares during the last quarter. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Trading Up 1.1 %

Shares of GSBD stock opened at $12.89 on Friday. Goldman Sachs BDC, Inc. has a 12-month low of $12.67 and a 12-month high of $15.94. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The company has a 50 day moving average of $13.55 and a 200-day moving average of $14.46. The firm has a market cap of $1.51 billion, a P/E ratio of 18.41 and a beta of 1.07.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) 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 business had revenue of $110.41 million during the quarter, compared to the consensus estimate of $112.43 million. During the same period last year, the business posted $0.64 earnings per share. Sell-side analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 13.97%. The ex-dividend date is Tuesday, December 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 257.15%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GSBD. StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Truist Financial lowered their target price on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a report on Monday, August 12th. Finally, Wells Fargo & Company upgraded shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $14.00 to $12.00 in a report on Monday, August 12th.

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.