Goldman Sachs BDC, Inc. (NYSE:GSBD) Stake Boosted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 7.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 418,070 shares of the financial services provider’s stock after purchasing an additional 30,172 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.36% of Goldman Sachs BDC worth $4,862,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GSBD. Stiles Financial Services Inc lifted its holdings in shares of Goldman Sachs BDC by 165.4% in the 1st quarter. Stiles Financial Services Inc now owns 84,083 shares of the financial services provider’s stock worth $978,000 after purchasing an additional 52,406 shares during the last quarter. Invesco Ltd. increased its position in Goldman Sachs BDC by 11.9% in the fourth quarter. Invesco Ltd. now owns 1,095,489 shares of the financial services provider’s stock worth $13,255,000 after buying an additional 116,154 shares during the period. Ameriprise Financial Inc. lifted its stake in Goldman Sachs BDC by 25.6% in the fourth quarter. Ameriprise Financial Inc. now owns 125,016 shares of the financial services provider’s stock valued at $1,477,000 after buying an additional 25,491 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Goldman Sachs BDC by 198.6% during the fourth quarter. BNP Paribas Financial Markets now owns 105,442 shares of the financial services provider’s stock valued at $1,276,000 after acquiring an additional 70,131 shares during the period. Finally, Garde Capital Inc. acquired a new position in shares of Goldman Sachs BDC during the first quarter valued at $1,157,000. Institutional investors own 28.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GSBD. Wells Fargo & Company cut their price objective on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, April 28th. Wall Street Zen raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Sunday, March 23rd.

Goldman Sachs BDC Stock Up 0.1%

GSBD stock opened at $11.52 on Friday. The company has a 50 day moving average of $11.23 and a two-hundred day moving average of $11.79. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.21. Goldman Sachs BDC, Inc. has a 12-month low of $9.51 and a 12-month high of $15.64. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 25.59 and a beta of 0.72.

Goldman Sachs BDC (NYSE:GSBD) last released 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 12.38% and a return on equity of 15.05%. The firm had revenue of $96.94 million for the quarter, compared to analyst estimates of $101.12 million. On average, equities analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 17.09%. Goldman Sachs BDC’s dividend payout ratio is currently 284.44%.

Goldman Sachs BDC 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.