Brevan Howard Capital Management LP Purchases New Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Brevan Howard Capital Management LP bought a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 67,399 shares of the financial services provider's stock, valued at approximately $816,000. Brevan Howard Capital Management LP owned 0.06% of Goldman Sachs BDC at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GSBD. Vision Financial Markets LLC acquired a new stake in shares of Goldman Sachs BDC during the 4th quarter worth approximately $27,000. Quarry LP acquired a new stake in shares of Goldman Sachs BDC during the 4th quarter worth approximately $33,000. Tower Research Capital LLC TRC boosted its position 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 buying an additional 2,086 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in 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 in the last quarter. Finally, Transce3nd LLC acquired a new stake in Goldman Sachs BDC in the fourth quarter valued at approximately $105,000. 28.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GSBD. Wells Fargo & Company cut 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 research report 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 Trading Down 1.0%

NYSE GSBD traded down $0.11 during mid-day trading on Wednesday, reaching $11.17. 250,866 shares of the stock were exchanged, compared to its average volume of 806,475. Goldman Sachs BDC, Inc. has a one year low of $9.51 and a one year high of $15.89. The stock has a 50 day simple moving average of $11.15 and a 200-day simple moving average of $12.21. The stock has a market cap of $1.31 billion, a P/E ratio of 15.96 and a beta of 0.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last announced its 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). Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. The firm had revenue of $96.94 million for the quarter, compared to the consensus estimate of $101.12 million. On average, 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 announced 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. The ex-dividend date of this dividend is Monday, June 30th. This is an increase from Goldman Sachs BDC's previous quarterly dividend of $0.16. This represents a $1.28 annualized dividend and a dividend yield of 11.46%. Goldman Sachs BDC's payout ratio 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.