International Assets Investment Management LLC Purchases 184,293 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

International Assets Investment Management LLC boosted its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 561.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,113 shares of the financial services provider’s stock after purchasing an additional 184,293 shares during the period. International Assets Investment Management LLC owned about 0.20% of Goldman Sachs BDC worth $3,181,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new position in shares of Goldman Sachs BDC in the first quarter worth about $29,000. Chilton Capital Management LLC bought a new position in Goldman Sachs BDC in the 1st quarter worth about $48,000. Money Concepts Capital Corp purchased a new position in shares of Goldman Sachs BDC during the fourth quarter worth approximately $55,000. BNP Paribas Arbitrage SNC bought a new stake in shares of Goldman Sachs BDC during the first quarter valued at approximately $61,000. Finally, Harbour Investments Inc. grew its stake in Goldman Sachs BDC by 37.2% in the fourth quarter. Harbour Investments Inc. now owns 5,740 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 1,555 shares in the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs BDC Stock Performance

Shares of NYSE:GSBD opened at $15.13 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 8.41 and a beta of 1.13. The firm has a 50 day moving average of $15.16 and a 200 day moving average of $14.83. Goldman Sachs BDC, Inc. has a 52 week low of $12.75 and a 52 week high of $15.65.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 43.06%. The company had revenue of $115.40 million during the quarter, compared to the consensus estimate of $117.09 million. On average, sell-side analysts predict that Goldman Sachs BDC, Inc. will post 2.18 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Thursday, March 28th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.90%. The ex-dividend date is Wednesday, March 27th. Goldman Sachs BDC’s dividend payout ratio is currently 100.00%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their target price on Goldman Sachs BDC from $14.50 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. StockNews.com cut shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Saturday, March 9th.

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.