Atria Wealth Solutions Inc. Makes New $245,000 Investment in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Atria Wealth Solutions Inc. bought a new position in Goldman Sachs BDC, Inc. (NYSE:GSBD) in the first quarter, Holdings Channel reports. The firm bought 21,030 shares of the financial services provider’s stock, valued at approximately $245,000.

Other large investors have also bought and sold shares of the company. Quarry LP purchased a new stake in Goldman Sachs BDC in the fourth quarter worth $33,000. Tower Research Capital LLC TRC grew 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 purchasing an additional 2,086 shares in the last quarter. Creative Financial Designs Inc. ADV purchased a new position in shares of Goldman Sachs BDC in the first quarter valued at $46,000. Transce3nd LLC purchased a new position in shares of Goldman Sachs BDC in the fourth quarter valued at $105,000. Finally, Mallini Complete Financial Planning LLC purchased a new position in shares of Goldman Sachs BDC in the first quarter valued at $119,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs BDC Price Performance

Shares of NYSE GSBD opened at $11.13 on Friday. The stock has a market cap of $1.27 billion, a PE ratio of 8.83 and a beta of 0.75. Goldman Sachs BDC, Inc. has a fifty-two week low of $9.51 and a fifty-two week high of $14.54. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a fifty day moving average of $11.52 and a 200-day moving average of $11.60.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). The company had revenue of $90.97 million during the quarter, compared to analysts’ expectations of $94.55 million. Goldman Sachs BDC had a net margin of 36.17% and a return on equity of 13.95%. Equities research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 28th. Investors of record on Tuesday, September 30th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 11.5%. The ex-dividend date is Tuesday, September 30th. Goldman Sachs BDC’s payout ratio is presently 101.59%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reduced their price target on Goldman Sachs BDC from $12.00 to $10.00 and set an “underweight” rating for the company in a research report on Monday, April 28th.

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.