Tower Research Capital LLC TRC Acquires 2,086 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Tower Research Capital LLC TRC increased its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 211.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,074 shares of the financial services provider’s stock after acquiring an additional 2,086 shares during the period. Tower Research Capital LLC TRC’s holdings in Goldman Sachs BDC were worth $37,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in GSBD. Vision Financial Markets LLC bought a new stake in Goldman Sachs BDC during the fourth quarter worth about $27,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Goldman Sachs BDC by 81.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,858 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 1,728 shares during the last quarter. Transce3nd LLC acquired a new position in shares of Goldman Sachs BDC in the 4th quarter worth approximately $105,000. Chicago Partners Investment Group LLC bought a new stake in Goldman Sachs BDC during the 4th quarter worth approximately $128,000. Finally, Wealthcare Advisory Partners LLC acquired a new position in Goldman Sachs BDC in the fourth quarter worth $135,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Stock Performance

Shares of NYSE:GSBD opened at $11.18 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC, Inc. has a 1-year low of $9.51 and a 1-year high of $15.86. The stock has a market capitalization of $1.31 billion, a P/E ratio of 15.97 and a beta of 0.71. The business has a 50-day moving average price of $11.12 and a two-hundred day moving average price of $12.20.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. The business had revenue of $96.94 million during the quarter, compared to the consensus estimate of $101.12 million. Equities analysts predict that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, June 30th will be given a $0.32 dividend. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.16. This represents a $1.28 annualized dividend and a dividend yield of 11.45%. The ex-dividend date of this dividend is Monday, June 30th. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 284.44%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Sunday, March 23rd. Wells Fargo & Company decreased their price target on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, April 28th.

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.