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

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

A number of other large investors have also modified their holdings of the stock. Vision Financial Markets LLC acquired a new position in Goldman Sachs BDC during the 4th quarter worth approximately $27,000. Quarry LP purchased a new stake in Goldman Sachs BDC in the fourth quarter valued at $33,000. Tower Research Capital LLC TRC increased its stake in Goldman Sachs BDC by 211.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 2,086 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of Goldman Sachs BDC by 81.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,858 shares of the financial services provider's stock valued at $47,000 after buying an additional 1,728 shares during the last quarter. Finally, Transce3nd LLC acquired a new position in shares of Goldman Sachs BDC in the fourth quarter valued at approximately $105,000. Hedge funds and other institutional investors own 28.72% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on GSBD. StockNews.com raised shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research note on Sunday, March 23rd. Wells Fargo & Company lowered their target price on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating on the stock in a report on Monday, April 28th.

Goldman Sachs BDC Price Performance

GSBD stock traded down $0.01 on Tuesday, reaching $11.29. 394,522 shares of the company's stock were exchanged, compared to its average volume of 795,719. The stock has a fifty day moving average of $11.07 and a 200-day moving average of $12.14. The firm has a market cap of $1.32 billion, a PE ratio of 16.13 and a beta of 0.71. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC, Inc. has a twelve month low of $9.51 and a twelve month high of $15.81.

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

Goldman Sachs BDC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, June 30th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 11.34%. This is an increase from Goldman Sachs BDC's previous quarterly dividend of $0.16. The ex-dividend date is Monday, June 30th. Goldman Sachs BDC's dividend payout ratio (DPR) is presently 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.