Ameriprise Financial Inc. Boosts Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Ameriprise Financial Inc. raised its position in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 25.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 125,016 shares of the financial services provider's stock after buying an additional 25,491 shares during the period. Ameriprise Financial Inc. owned about 0.11% of Goldman Sachs BDC worth $1,477,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Generali Asset Management SPA SGR bought a new position in shares of Goldman Sachs BDC in the fourth quarter valued at $12,879,000. Raymond James Financial Inc. acquired a new position in Goldman Sachs BDC in the fourth quarter valued at about $8,114,000. Trexquant Investment LP lifted its holdings in shares of Goldman Sachs BDC by 300.2% during 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 period. First National Trust Co acquired a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at $2,680,000. Finally, Jane Street Group LLC lifted its holdings in shares of Goldman Sachs BDC by 924.4% in the fourth quarter. Jane Street Group LLC now owns 132,152 shares of the financial services provider's stock worth $1,599,000 after acquiring an additional 119,252 shares during the last quarter. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Price Performance

NYSE GSBD traded down $0.04 during trading hours on Wednesday, hitting $11.33. The company had a trading volume of 454,530 shares, compared to its average volume of 789,862. The firm has a 50 day simple moving average of $10.83 and a 200 day simple moving average of $12.01. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. Goldman Sachs BDC, Inc. has a 52 week low of $9.51 and a 52 week high of $15.81. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 16.19 and a beta of 0.71.

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 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 company had revenue of $96.94 million during the quarter, compared to the consensus estimate of $101.12 million. Equities research analysts expect that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GSBD. Wall Street Zen upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research report on Sunday, March 23rd. Wells Fargo & Company cut their price target 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.

About Goldman Sachs BDC

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.