Hennion & Walsh Asset Management Inc. Increases Stake in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Hennion & Walsh Asset Management Inc. raised its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 15.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 227,994 shares of the financial services provider’s stock after purchasing an additional 31,020 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.20% of Goldman Sachs BDC worth $3,415,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Signaturefd LLC acquired a new stake in Goldman Sachs BDC during the fourth quarter worth $40,000. Register Financial Advisors LLC purchased a new position in shares of Goldman Sachs BDC during the 1st quarter worth $41,000. Creekmur Asset Management LLC acquired a new stake in shares of Goldman Sachs BDC during the 4th quarter worth about $45,000. CWM LLC raised its holdings in Goldman Sachs BDC by 75.0% in the 4th quarter. CWM LLC now owns 3,500 shares of the financial services provider’s stock valued at $51,000 after buying an additional 1,500 shares during the period. Finally, Cape Investment Advisory Inc. acquired a new position in Goldman Sachs BDC in the fourth quarter valued at about $58,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded 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 shares of Goldman Sachs BDC from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $15.00 to $14.00 in a report on Wednesday, May 29th.

Goldman Sachs BDC Price Performance

GSBD opened at $15.03 on Friday. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 7.83 and a beta of 1.08. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.12. The stock’s 50-day moving average price is $15.45 and its 200 day moving average price is $15.23. Goldman Sachs BDC, Inc. has a 12-month low of $13.35 and a 12-month 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 for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). Goldman Sachs BDC had a return on equity of 15.68% and a net margin of 45.80%. The company had revenue of $111.54 million for the quarter, compared to analysts’ expectations of $115.33 million. As a group, sell-side analysts expect that Goldman Sachs BDC, Inc. will post 2.14 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be issued a $0.45 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.80 annualized dividend and a yield of 11.98%. Goldman Sachs BDC’s dividend payout ratio (DPR) is 93.75%.

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.