Oppenheimer & Co. Inc. Purchases 1,942 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Oppenheimer & Co. Inc. raised its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD – Get Rating) by 6.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,021 shares of the financial services provider’s stock after purchasing an additional 1,942 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Goldman Sachs BDC were worth $467,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GSBD. Reuter James Wealth Management LLC grew its stake in shares of Goldman Sachs BDC by 3.6% during the 4th quarter. Reuter James Wealth Management LLC now owns 23,902 shares of the financial services provider’s stock valued at $328,000 after acquiring an additional 828 shares during the period. Goodwin Daniel L grew its stake in shares of Goldman Sachs BDC by 7.3% during the 4th quarter. Goodwin Daniel L now owns 14,650 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 1,000 shares during the period. Herbst Group LLC grew its stake in shares of Goldman Sachs BDC by 1.8% during the 3rd quarter. Herbst Group LLC now owns 66,000 shares of the financial services provider’s stock valued at $954,000 after acquiring an additional 1,150 shares during the period. Guggenheim Capital LLC grew its stake in shares of Goldman Sachs BDC by 7.3% during the 3rd quarter. Guggenheim Capital LLC now owns 17,377 shares of the financial services provider’s stock valued at $251,000 after acquiring an additional 1,189 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of Goldman Sachs BDC by 7.6% during the 1st quarter. NewEdge Advisors LLC now owns 21,042 shares of the financial services provider’s stock valued at $413,000 after acquiring an additional 1,482 shares during the period. 28.35% of the stock is currently owned by institutional investors.

Goldman Sachs BDC Trading Down 0.6 %

GSBD stock opened at $13.08 on Friday. Goldman Sachs BDC, Inc. has a 1-year low of $12.87 and a 1-year high of $18.60. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 31.90 and a beta of 1.19. The business has a 50 day simple moving average of $13.76 and a two-hundred day simple moving average of $14.70.

Goldman Sachs BDC (NYSE:GSBD – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.09). The business had revenue of $107.40 million during the quarter, compared to the consensus estimate of $107.34 million. Goldman Sachs BDC had a return on equity of 14.24% and a net margin of 10.90%. Research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.14 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 27th. Stockholders of record on Friday, June 30th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, June 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.76%. Goldman Sachs BDC’s dividend payout ratio is currently 439.02%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GSBD shares. Wells Fargo & Company cut their price objective on Goldman Sachs BDC from $15.00 to $14.50 and set an “equal weight” rating for the company in a research note on Monday, February 27th. StockNews.com assumed coverage on Goldman Sachs BDC in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Goldman Sachs BDC presently has a consensus rating of “Hold” and a consensus price target of $16.25.

Insider Activity

In other news, insider David Miller bought 20,000 shares of the stock in a transaction dated Monday, May 8th. The stock was purchased at an average cost of $13.16 per share, for a total transaction of $263,200.00. Following the transaction, the insider now owns 20,000 shares of the company’s stock, valued at $263,200. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

Goldman Sachs BDC Profile

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Goldman Sachs BDC, Inc invests in middle market companies located in the US. The fund targets companies operating in the fields software, health technology information technology, commercial services and textiles with an investment size of $25 to $75 million and an EBITDA of $5 to $75 million. It provides financing in the form of senior secured debt, unitranche debt, junior secured, mezzanine debt and equity for acquisitions, refinancing, growth, LBOs, dividend recapitalization and restructuring transactions.