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

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

A number of other institutional investors also recently bought and sold shares of the business. Sage Rhino Capital LLC increased its position in Goldman Sachs BDC by 23.9% in the 4th quarter. Sage Rhino Capital LLC now owns 252,335 shares of the financial services provider's stock valued at $3,053,000 after acquiring an additional 48,639 shares during the period. JPMorgan Chase & Co. boosted its holdings in Goldman Sachs BDC by 221.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 222,475 shares of the financial services provider's stock valued at $3,061,000 after purchasing an additional 153,316 shares in the last quarter. Magnus Financial Group LLC purchased a new stake in Goldman Sachs BDC in the 4th quarter valued at approximately $246,000. Stiles Financial Services Inc purchased a new stake in Goldman Sachs BDC in the 4th quarter valued at approximately $383,000. Finally, Quadrant Private Wealth Management LLC boosted its holdings in Goldman Sachs BDC by 13.5% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 182,279 shares of the financial services provider's stock valued at $2,288,000 after purchasing an additional 21,620 shares in the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Goldman Sachs BDC Price Performance

GSBD stock traded up $0.23 on Tuesday, reaching $11.28. The company had a trading volume of 1,269,634 shares, compared to its average volume of 809,181. Goldman Sachs BDC, Inc. has a 1 year low of $9.51 and a 1 year high of $15.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The company's fifty day moving average is $11.17 and its 200 day moving average is $12.22. The company has a market cap of $1.32 billion, a P/E ratio of 16.11 and a beta of 0.71.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last posted its earnings results 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 company had revenue of $96.94 million during the quarter, compared to analysts' expectations of $101.12 million. On average, research analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Increases Dividend

The firm also recently disclosed 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 is a boost from Goldman Sachs BDC's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.28 annualized dividend and a dividend yield of 11.35%. Goldman Sachs BDC's dividend payout ratio (DPR) is 224.56%.

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.