Balyasny Asset Management L.P. Invests $370,000 in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Balyasny Asset Management L.P. acquired a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,600 shares of the financial services provider's stock, valued at approximately $370,000.

A number of other large investors have also recently bought and sold shares of the company. Generali Asset Management SPA SGR bought a new stake in shares of Goldman Sachs BDC during the 4th quarter worth approximately $12,879,000. Raymond James Financial Inc. acquired a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at $8,114,000. Trexquant Investment LP boosted its holdings in shares of Goldman Sachs BDC by 300.2% in the 4th quarter. Trexquant Investment LP now owns 349,927 shares of the financial services provider's stock valued at $4,234,000 after purchasing an additional 262,488 shares in the last quarter. First National Trust Co bought a new stake in shares of Goldman Sachs BDC during the 4th quarter worth $2,680,000. Finally, JPMorgan Chase & Co. grew its position in Goldman Sachs BDC by 221.7% in the third quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider's stock valued at $3,061,000 after acquiring an additional 153,316 shares during the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GSBD shares. Wells Fargo & Company reduced their price target on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th. StockNews.com upgraded shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research report on Sunday, March 23rd.

Goldman Sachs BDC Price Performance

GSBD traded down $0.02 on Thursday, reaching $10.97. The stock had a trading volume of 56,701 shares, compared to its average volume of 789,490. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 15.65 and a beta of 0.71. Goldman Sachs BDC, Inc. has a fifty-two week low of $9.51 and a fifty-two week high of $15.81. The firm has a 50-day moving average of $11.04 and a 200-day moving average of $12.13.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.02). Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. The business had revenue of $96.94 million during the quarter, compared to the consensus estimate of $101.12 million. As a group, sell-side analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 11.67%. The ex-dividend date of this dividend is Monday, June 30th. This is a positive change from Goldman Sachs BDC's previous quarterly dividend of $0.16. Goldman Sachs BDC's payout ratio is 284.44%.

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.