Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Purchased by Norden Group LLC

Norden Group LLC raised its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 1,000.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,304 shares of the financial services provider’s stock after acquiring an additional 108,463 shares during the period. Norden Group LLC owned 0.11% of Goldman Sachs BDC worth $1,787,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. WFA Asset Management Corp acquired a new position in Goldman Sachs BDC during the 1st quarter valued at approximately $29,000. Signaturefd LLC bought a new position in shares of Goldman Sachs BDC during the fourth quarter worth about $40,000. Register Financial Advisors LLC bought a new position in shares of Goldman Sachs BDC during the first quarter worth about $41,000. Creekmur Asset Management LLC acquired a new stake in shares of Goldman Sachs BDC in the 4th quarter worth about $45,000. Finally, CWM LLC boosted its stake in Goldman Sachs BDC by 75.0% during the 4th quarter. CWM LLC now owns 3,500 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,500 shares during the period. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Stock Up 0.1 %

Goldman Sachs BDC stock opened at $15.45 on Friday. Goldman Sachs BDC, Inc. has a 52 week low of $13.35 and a 52 week high of $15.94. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 8.05 and a beta of 1.08. The company’s 50-day moving average price is $15.44 and its two-hundred day moving average price is $15.23. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.12.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). Goldman Sachs BDC had a net margin of 45.80% and a return on equity of 15.68%. The firm had revenue of $111.54 million for the quarter, compared to the consensus estimate of $115.33 million. On average, analysts expect that Goldman Sachs BDC, Inc. will post 2.14 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 11.65%. The ex-dividend date of this dividend is Friday, June 28th. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 93.75%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GSBD shares. StockNews.com lowered shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Wells Fargo & Company downgraded Goldman Sachs BDC from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $15.00 to $14.00 in a research note on Wednesday, May 29th.

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.