Cornerstone Advisory LLC Acquires Shares of 52,520 Goldman Sachs BDC, Inc. (NYSE:GSBD)

Cornerstone Advisory LLC acquired a new stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 52,520 shares of the financial services provider's stock, valued at approximately $681,000.

A number of other hedge funds have also bought and sold shares of GSBD. Wealthcare Advisory Partners LLC bought a new position in Goldman Sachs BDC during the fourth quarter valued at $135,000. Diversify Wealth Management LLC bought a new position in Goldman Sachs BDC during the fourth quarter valued at $284,000. Magnus Financial Group LLC bought a new position in shares of Goldman Sachs BDC in the fourth quarter worth about $246,000. SG Americas Securities LLC bought a new position in shares of Goldman Sachs BDC in the fourth quarter worth about $225,000. Finally, PFG Investments LLC grew its holdings in shares of Goldman Sachs BDC by 39.4% in the fourth quarter. PFG Investments LLC now owns 55,250 shares of the financial services provider's stock worth $669,000 after purchasing an additional 15,610 shares during the last quarter. Institutional investors own 28.72% of the company's stock.

Analysts Set New Price Targets

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

Goldman Sachs BDC Stock Down 2.6%

NYSE:GSBD opened at $11.01 on Thursday. Goldman Sachs BDC, Inc. has a 1-year low of $9.51 and a 1-year high of $15.81. The company has a 50-day moving average of $11.04 and a 200 day moving average of $12.13. The firm has a market cap of $1.29 billion, a PE ratio of 15.72 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 released 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 firm had revenue of $96.94 million for the quarter, compared to analysts' expectations of $101.12 million. Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. As a group, research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, June 30th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 11.63%. This is a positive change from Goldman Sachs BDC's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Monday, June 30th. Goldman Sachs BDC's dividend payout ratio is presently 284.44%.

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.

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