Wealth Enhancement Advisory Services LLC Has $460,000 Stock Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Wealth Enhancement Advisory Services LLC increased its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 30.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,538 shares of the financial services provider’s stock after buying an additional 9,182 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Goldman Sachs BDC were worth $460,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GraniteShares Advisors LLC increased its stake in shares of Goldman Sachs BDC by 6.5% in the first quarter. GraniteShares Advisors LLC now owns 219,550 shares of the financial services provider’s stock worth $2,553,000 after buying an additional 13,310 shares during the period. Columbia Advisory Partners LLC grew its stake in Goldman Sachs BDC by 179.8% during the first quarter. Columbia Advisory Partners LLC now owns 51,647 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 33,188 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in Goldman Sachs BDC during the first quarter valued at $366,000. Magnus Financial Group LLC lifted its holdings in shares of Goldman Sachs BDC by 41.0% in the 1st quarter. Magnus Financial Group LLC now owns 28,675 shares of the financial services provider’s stock worth $333,000 after acquiring an additional 8,331 shares during the last quarter. Finally, Capital Market Strategies LLC lifted its holdings in Goldman Sachs BDC by 7.9% during the 1st quarter. Capital Market Strategies LLC now owns 148,903 shares of the financial services provider’s stock valued at $1,732,000 after buying an additional 10,910 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Performance

Shares of GSBD opened at $11.52 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.21. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 25.59 and a beta of 0.72. Goldman Sachs BDC, Inc. has a 52-week low of $9.51 and a 52-week high of $15.64. The business’s 50 day moving average is $11.23 and its two-hundred day moving average is $11.79.

Goldman Sachs BDC (NYSE:GSBD) last announced 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). The firm had revenue of $96.94 million for the quarter, compared to the consensus estimate of $101.12 million. Goldman Sachs BDC had a net margin of 12.38% and a return on equity of 15.05%. Analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were given a dividend of $0.05 per share. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 17.09%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 284.44%.

Analysts Set New Price Targets

GSBD has been the topic of several research analyst reports. Wells Fargo & Company dropped their target price 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 raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note 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.