WFA Asset Management Corp Invests $29,000 in Goldman Sachs BDC, Inc. (NYSE:GSBD)

WFA Asset Management Corp bought a new stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,965 shares of the financial services provider’s stock, valued at approximately $29,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GSBD. Van ECK Associates Corp increased its position in Goldman Sachs BDC by 10.6% during the 4th quarter. Van ECK Associates Corp now owns 1,888,203 shares of the financial services provider’s stock valued at $27,662,000 after buying an additional 180,880 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Goldman Sachs BDC by 6.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,107,581 shares of the financial services provider’s stock valued at $16,226,000 after purchasing an additional 67,482 shares in the last quarter. Invesco Ltd. lifted its position in Goldman Sachs BDC by 3.3% during the third quarter. Invesco Ltd. now owns 862,743 shares of the financial services provider’s stock valued at $12,562,000 after purchasing an additional 27,451 shares in the last quarter. Advisors Capital Management LLC lifted its position in Goldman Sachs BDC by 2.6% during the third quarter. Advisors Capital Management LLC now owns 651,264 shares of the financial services provider’s stock valued at $9,482,000 after purchasing an additional 16,512 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Goldman Sachs BDC by 8.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 405,552 shares of the financial services provider’s stock valued at $6,075,000 after purchasing an additional 32,296 shares in the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Price Performance

Shares of Goldman Sachs BDC stock traded up $0.03 during trading hours on Wednesday, hitting $15.46. The company’s stock had a trading volume of 225,439 shares, compared to its average volume of 610,063. The business has a 50 day moving average price of $15.44 and a two-hundred day moving average price of $15.23. Goldman Sachs BDC, Inc. has a 12-month low of $13.35 and a 12-month high of $15.94. The company has a market cap of $1.73 billion, a PE ratio of 8.04 and a beta of 1.08. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.24 and a current ratio of 1.24.

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

Goldman Sachs BDC Announces Dividend

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 given a $0.45 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.64%. Goldman Sachs BDC’s dividend payout ratio is currently 93.75%.

Analysts Set New Price Targets

GSBD has been the topic of several analyst reports. StockNews.com downgraded Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Wells Fargo & Company downgraded Goldman Sachs BDC from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $15.00 to $14.00 in a research report 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.