Goldman Sachs BDC, Inc. (NYSE:GSBD) Position Increased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 198.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,442 shares of the financial services provider’s stock after purchasing an additional 70,131 shares during the period. BNP Paribas Financial Markets owned 0.09% of Goldman Sachs BDC worth $1,276,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GSBD. JPMorgan Chase & Co. lifted its holdings in shares of Goldman Sachs BDC by 221.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider’s stock worth $3,061,000 after purchasing an additional 153,316 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Goldman Sachs BDC in the 4th quarter worth approximately $135,000. Mandatum Life Insurance Co Ltd lifted its holdings in shares of Goldman Sachs BDC by 3.3% in the 4th quarter. Mandatum Life Insurance Co Ltd now owns 41,675 shares of the financial services provider’s stock worth $504,000 after purchasing an additional 1,327 shares during the last quarter. Diversify Wealth Management LLC bought a new stake in shares of Goldman Sachs BDC in the 4th quarter worth approximately $284,000. Finally, Magnus Financial Group LLC bought a new stake in shares of Goldman Sachs BDC in the 4th quarter worth approximately $246,000. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Performance

Shares of GSBD stock opened at $11.33 on Tuesday. The stock’s fifty day simple moving average is $11.07 and its 200-day simple moving average is $12.14. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC, Inc. has a 1-year low of $9.51 and a 1-year high of $15.81. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 16.19 and a beta of 0.71.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, May 8th. The financial services provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. The firm had revenue of $96.94 million during the quarter, compared to analysts’ expectations of $101.12 million. On average, sell-side analysts predict that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, June 30th will be given a $0.32 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 11.30%. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.16. Goldman Sachs BDC’s payout ratio is currently 284.44%.

Analyst Ratings Changes

GSBD has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on Goldman Sachs BDC from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, April 28th. StockNews.com raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Sunday, March 23rd.

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.