Garner Asset Management Corp Takes $1.24 Million Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Garner Asset Management Corp bought a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 106,972 shares of the financial services provider's stock, valued at approximately $1,244,000. Garner Asset Management Corp owned 0.09% of Goldman Sachs BDC as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Stiles Financial Services Inc increased its stake in Goldman Sachs BDC by 165.4% in the 1st quarter. Stiles Financial Services Inc now owns 84,083 shares of the financial services provider's stock worth $978,000 after purchasing an additional 52,406 shares in the last quarter. Invesco Ltd. boosted its position in Goldman Sachs BDC by 11.9% during the 4th quarter. Invesco Ltd. now owns 1,095,489 shares of the financial services provider's stock worth $13,255,000 after acquiring an additional 116,154 shares during the period. Ameriprise Financial Inc. boosted its position in Goldman Sachs BDC by 25.6% during the 4th quarter. Ameriprise Financial Inc. now owns 125,016 shares of the financial services provider's stock worth $1,477,000 after acquiring an additional 25,491 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in Goldman Sachs BDC by 7.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 418,070 shares of the financial services provider's stock worth $4,862,000 after acquiring an additional 30,172 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Goldman Sachs BDC by 198.6% during the 4th quarter. BNP Paribas Financial Markets now owns 105,442 shares of the financial services provider's stock worth $1,276,000 after acquiring an additional 70,131 shares during the period. 28.72% of the stock is owned by institutional investors and hedge funds.

Goldman Sachs BDC Stock Performance

NYSE GSBD traded up $0.06 during trading on Friday, hitting $11.96. The company's stock had a trading volume of 263,372 shares, compared to its average volume of 797,091. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.21. The firm has a 50 day moving average price of $11.51 and a 200 day moving average price of $11.72. The firm has a market cap of $1.40 billion, a P/E ratio of 26.57 and a beta of 0.72. Goldman Sachs BDC, Inc. has a 52 week low of $9.51 and a 52 week high of $15.30.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.02). The business had revenue of $96.94 million during the quarter, compared to the consensus estimate of $101.12 million. Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 12.38%. Equities research analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were paid a $0.05 dividend. This represents a yield of 17.09%. The ex-dividend date was Friday, May 30th. Goldman Sachs BDC's dividend payout ratio is 284.44%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reduced their price target on Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating for the company in a report on Monday, April 28th.

Goldman Sachs BDC 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.