Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors grew its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 10.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,861 shares of the financial services provider’s stock after acquiring an additional 1,165 shares during the period. Captrust Financial Advisors’ holdings in Goldman Sachs BDC were worth $144,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Van ECK Associates Corp boosted its stake in Goldman Sachs BDC by 1.0% during the 4th quarter. Van ECK Associates Corp now owns 2,732,785 shares of the financial services provider’s stock valued at $33,066,000 after acquiring an additional 25,888 shares during the last quarter. Invesco Ltd. raised its position in shares of Goldman Sachs BDC by 11.9% during the 4th quarter. Invesco Ltd. now owns 1,095,489 shares of the financial services provider’s stock worth $13,255,000 after buying an additional 116,154 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Goldman Sachs BDC in the 4th quarter worth approximately $12,879,000. Advisors Capital Management LLC raised its holdings in shares of Goldman Sachs BDC by 4.6% in the 4th quarter. Advisors Capital Management LLC now owns 775,035 shares of the financial services provider’s stock worth $9,378,000 after purchasing an additional 34,222 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Goldman Sachs BDC during the fourth quarter valued at approximately $8,114,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, April 28th. Wall Street Zen upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Sunday, March 23rd.

Goldman Sachs BDC Stock Performance

Shares of GSBD stock opened at $10.99 on Friday. Goldman Sachs BDC, Inc. has a 52-week low of $9.51 and a 52-week high of $15.81. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 15.70 and a beta of 0.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a fifty day moving average of $11.02 and a 200-day moving average of $12.11.

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

Goldman Sachs BDC Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, June 30th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 11.65%. The ex-dividend date of this dividend is Monday, June 30th. This is a positive change from Goldman Sachs BDC’s previous quarterly dividend of $0.16. Goldman Sachs BDC’s dividend payout ratio (DPR) is 284.44%.

Goldman Sachs BDC Company 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.