International Assets Investment Management LLC Raises Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

International Assets Investment Management LLC increased its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 561.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 217,113 shares of the financial services provider’s stock after purchasing an additional 184,293 shares during the period. International Assets Investment Management LLC’s holdings in Goldman Sachs BDC were worth $3,181,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in Goldman Sachs BDC during the first quarter worth approximately $29,000. Chilton Capital Management LLC purchased a new position in shares of Goldman Sachs BDC during the first quarter worth approximately $48,000. Money Concepts Capital Corp acquired a new position in shares of Goldman Sachs BDC in the 4th quarter valued at $55,000. BNP Paribas Arbitrage SNC purchased a new stake in Goldman Sachs BDC in the 1st quarter valued at $61,000. Finally, Harbour Investments Inc. boosted its stake in Goldman Sachs BDC by 37.2% during the 4th quarter. Harbour Investments Inc. now owns 5,740 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 1,555 shares during the period. 28.72% of the stock is owned by institutional investors and hedge funds.

Goldman Sachs BDC Stock Performance

NYSE:GSBD opened at $15.13 on Thursday. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 8.41 and a beta of 1.13. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.13 and a quick ratio of 1.13. Goldman Sachs BDC, Inc. has a 1-year low of $12.75 and a 1-year high of $15.65. The firm’s fifty day moving average price is $15.16 and its 200 day moving average price is $14.83.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Wednesday, February 28th. The financial services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $115.40 million during the quarter, compared to analysts’ expectations of $117.09 million. Goldman Sachs BDC had a net margin of 43.06% and a return on equity of 15.05%. On average, sell-side analysts expect that Goldman Sachs BDC, Inc. will post 2.18 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 11.90%. The ex-dividend date of this dividend is Wednesday, March 27th. Goldman Sachs BDC’s payout ratio is 100.00%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GSBD shares. Wells Fargo & Company lifted their price objective on shares of Goldman Sachs BDC from $14.50 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. StockNews.com cut Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th.

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.