Cwm LLC Boosts Stock Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Cwm LLC boosted its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 75.0% during the fourth quarter, Holdings Channel reports. The firm owned 3,500 shares of the financial services provider’s stock after acquiring an additional 1,500 shares during the quarter. Cwm LLC’s holdings in Goldman Sachs BDC were worth $51,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp increased its position in shares of Goldman Sachs BDC by 5.5% during the third quarter. Van ECK Associates Corp now owns 1,707,323 shares of the financial services provider’s stock valued at $24,859,000 after buying an additional 89,227 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Goldman Sachs BDC by 6.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,107,581 shares of the financial services provider’s stock valued at $16,226,000 after acquiring an additional 67,482 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Goldman Sachs BDC by 3.3% during the 3rd quarter. Invesco Ltd. now owns 862,743 shares of the financial services provider’s stock worth $12,562,000 after acquiring an additional 27,451 shares during the period. Advisors Capital Management LLC raised its position in shares of Goldman Sachs BDC by 2.6% in the 3rd quarter. Advisors Capital Management LLC now owns 651,264 shares of the financial services provider’s stock worth $9,482,000 after acquiring an additional 16,512 shares in the last quarter. Finally, Callodine Capital Management LP lifted its stake in shares of Goldman Sachs BDC by 50.0% in the 3rd quarter. Callodine Capital Management LP now owns 450,000 shares of the financial services provider’s stock valued at $6,552,000 after purchasing an additional 150,000 shares during the period. Institutional investors own 28.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. StockNews.com cut Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Saturday, May 4th. Wells Fargo & Company increased their price target on shares of Goldman Sachs BDC from $14.50 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th.

Goldman Sachs BDC Stock Performance

Shares of GSBD opened at $15.63 on Friday. Goldman Sachs BDC, Inc. has a 52 week low of $12.75 and a 52 week high of $15.82. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.14. The stock has a market cap of $1.75 billion, a P/E ratio of 8.68 and a beta of 1.11. The business’s 50 day moving average price is $15.26 and its 200-day moving average price is $15.00.

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

Goldman Sachs BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be issued a $0.45 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.80 dividend on an annualized basis and a yield of 11.52%. Goldman Sachs BDC’s payout ratio is currently 100.00%.

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.