HB Wealth Management LLC Boosts Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

HB Wealth Management LLC boosted its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 77.2% during the first quarter, Holdings Channel reports. The firm owned 67,268 shares of the financial services provider’s stock after buying an additional 29,296 shares during the quarter. HB Wealth Management LLC’s holdings in Goldman Sachs BDC were worth $782,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in Goldman Sachs BDC during the fourth quarter worth $33,000. Tower Research Capital LLC TRC lifted its position in shares of Goldman Sachs BDC by 211.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 2,086 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position 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 in the last quarter. Creative Financial Designs Inc. ADV purchased a new stake in shares of Goldman Sachs BDC in the first quarter valued at $46,000. Finally, Transce3nd LLC purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at $105,000. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reduced their price objective on 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.

Goldman Sachs BDC Stock Down 1.7%

Shares of NYSE:GSBD opened at $11.36 on Thursday. 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 52-week low of $9.51 and a 52-week high of $15.17. The stock’s fifty day simple moving average is $11.54 and its 200-day simple moving average is $11.71. The company has a market capitalization of $1.33 billion, a P/E ratio of 25.24 and a beta of 0.72.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, May 8th. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.02). The business had revenue of $96.94 million during the quarter, compared to analyst estimates of $101.12 million. Goldman Sachs BDC had a net margin of 12.38% and a return on equity of 15.05%. As a group, equities research analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

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

About Goldman Sachs BDC

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.