Register Financial Advisors LLC Buys Shares of 2,756 Goldman Sachs BDC, Inc. (NYSE:GSBD)

Register Financial Advisors LLC bought a new stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,756 shares of the financial services provider’s stock, valued at approximately $41,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GSBD. Signaturefd LLC bought a new position in Goldman Sachs BDC during the 4th quarter worth $40,000. Creekmur Asset Management LLC bought a new position in shares of Goldman Sachs BDC during the fourth quarter worth about $45,000. CWM LLC increased its holdings in shares of Goldman Sachs BDC by 75.0% in the 4th quarter. CWM LLC now owns 3,500 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 1,500 shares during the period. Cape Investment Advisory Inc. bought a new stake in Goldman Sachs BDC in the 4th quarter valued at about $58,000. Finally, Tucker Asset Management LLC acquired a new position in Goldman Sachs BDC during the 4th quarter valued at about $65,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Stock Performance

Shares of GSBD opened at $15.04 on Friday. The firm has a market capitalization of $1.69 billion, a PE ratio of 7.83 and a beta of 1.08. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.12. The firm has a 50-day moving average price of $15.45 and a 200 day moving average price of $15.22. Goldman Sachs BDC, Inc. has a 52-week low of $13.35 and a 52-week high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $111.54 million during the quarter, compared to the consensus estimate of $115.33 million. On average, sell-side analysts anticipate that Goldman Sachs BDC, Inc. will post 2.14 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 11.97%. The ex-dividend date is Friday, June 28th. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 93.75%.

Analysts Set New Price Targets

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.

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.