Alpine Global Management LLC Acquires Shares of 44,616 Goldman Sachs BDC, Inc. (NYSE:GSBD)

Alpine Global Management LLC bought a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 44,616 shares of the financial services provider's stock, valued at approximately $540,000.

A number of other institutional investors also recently modified their holdings of GSBD. Generali Asset Management SPA SGR acquired a new position in Goldman Sachs BDC during the fourth quarter worth $12,879,000. Raymond James Financial Inc. bought a new stake in shares of Goldman Sachs BDC during the fourth quarter worth about $8,114,000. Trexquant Investment LP raised 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 worth $4,234,000 after acquiring an additional 262,488 shares during the last quarter. First National Trust Co bought a new position in Goldman Sachs BDC in the 4th quarter valued at about $2,680,000. Finally, Jefferies Financial Group Inc. bought a new position in Goldman Sachs BDC in the 4th quarter valued at about $1,690,000. 28.72% of the stock is owned by institutional investors and hedge funds.

Goldman Sachs BDC Stock Up 0.5%

Shares of NYSE GSBD traded up $0.06 during trading on Wednesday, hitting $11.31. The stock had a trading volume of 268,386 shares, compared to its average volume of 789,771. Goldman Sachs BDC, Inc. has a 12 month low of $9.51 and a 12 month high of $15.81. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $1.33 billion, a PE ratio of 16.14 and a beta of 0.71. The firm has a fifty day moving average of $10.94 and a two-hundred day moving average of $12.07.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.41 earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $101.12 million. As a group, equities research analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a $0.05 dividend. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 17.09%. Goldman Sachs BDC's payout ratio is presently 284.44%.

Analyst Ratings Changes

A number of brokerages have commented on GSBD. Wells Fargo & Company decreased their price objective 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. Wall Street Zen raised Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research report on Sunday, March 23rd.

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.