Here is the rundown on market activity for Goldman Sachs BDC, Inc. Common (NYSE:GSBD). Ann B. Lane, Director reported the purchase of 2,240 shares. The shares were bought on June 8th for an average price of $22.32. The Director now owns $49,997 of the stock per the Form 4 SEC filing. Director Ross Jay Kari disclosed the purchase of 5,000 shares of (GSBD). The shares were purchased at an average price of $22.24. Kari now owns $111,200 of the stock according to the SEC filing.
Executive Vice President Salvatore Lentini, purchased 7,941 shares at an average price of $18.82 on Fri the 4th. Lentini, now owns $38,223 of stock per an SEC filing yesterday.
Goldman Sachs BDC, Inc., launched on September 26, 2012, is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Business’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments..
The following firms have also recently changed their position in GSBD. As of quarter end Mackenzie Financial Corp had acquired 19,295 shares growing its holdings by 145.6%. The value of the investment in Goldman Sachs BDC, Inc. Common went from $312,000 to $802,000 a change of $490,000 since the last quarter. As of the end of the quarter Morgan Stanley had bought a total of 464 shares growing its stake by 1.9%. The value of the investment in (GSBD) increased from $563,000 to $601,000 increasing 6.7% quarter over quarter.
Hightower Advisors, LLC expanded its holdings by buying 19,261 shares an increase of 37.2% from 12/31/2016 to 03/31/2017. Hightower Advisors, LLC now controls 71,009 shares valued at $1,742,000. The total value of its holdings increased 42.3%. As of quarter end Guggenheim Capital LLC had acquired a total of 117,352 shares growing its position 43.7%. The value of the company’s investment in Goldman Sachs BDC, Inc. Common went from $6,313,000 to $9,506,000 a change of 50.6% quarter to quarter.
On May 26 the company was upgraded from “Outperform” to “Outperform” by Raymond James. On November 3 the stock rating was downgraded to “Underperform” from “Neutral” in an announcement from Bank of America.
On March 4 the stock rating was upgraded to “Outperform” from “Market Perform” in a statement from Wells Fargo. January 6 investment analysts at Credit Suisse made no change to the stock rating of “Neutral” and moved down the price target from $21.00 to $19.50.
On November 10 the stock rating was upgraded to “Buy” from “Neutral” in a report from SunTrust Robinson Humphrey. On September 18, 2015 the stock rating was changed to a “Outperform” by Raymond James which is up from the previous “Market Perform” rating.
The company is trading up by 0.99 percent from yesterday’s close. The company recently announced a dividend for shareholders paid on Monday the 17th of April 2017. The dividend payment was $0.450 per share for the quarter or $1.80 on an annualized basis. The dividend yield was $8.07. The ex-dividend date was Wednesday the 29th of March 2017.
The stock is trading at $22.49 just a bit lower than the 50 day moving average which is $23.42 and a tad under the 200 day moving average of $23.90. The 50 day moving average went down $-0.93 or -3.97% whereas the 200 day moving average was down $-1.41 or -5.91%.