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

Cornerstone Advisory LLC bought a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 52,520 shares of the financial services provider's stock, valued at approximately $681,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. PharVision Advisers LLC bought a new stake in shares of Goldman Sachs BDC during the fourth quarter worth $140,000. Principal Street Partners LLC lifted its stake in Goldman Sachs BDC by 83.9% in the fourth quarter. Principal Street Partners LLC now owns 18,815 shares of the financial services provider's stock worth $228,000 after acquiring an additional 8,585 shares during the period. Visionary Wealth Advisors purchased a new stake in Goldman Sachs BDC in the fourth quarter worth about $134,000. Snowden Capital Advisors LLC lifted its stake in Goldman Sachs BDC by 6.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 36,602 shares of the financial services provider's stock worth $459,000 after acquiring an additional 2,147 shares during the period. Finally, ProShare Advisors LLC lifted its stake in Goldman Sachs BDC by 20.4% in the fourth quarter. ProShare Advisors LLC now owns 21,459 shares of the financial services provider's stock worth $260,000 after acquiring an additional 3,632 shares during the period. 28.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GSBD has been the subject of a number of research reports. Wall Street Zen raised shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research note 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 Performance

Goldman Sachs BDC stock traded up $0.18 during mid-day trading on Tuesday, hitting $11.18. The company had a trading volume of 298,966 shares, compared to its average volume of 790,232. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC, Inc. has a 12-month low of $9.51 and a 12-month high of $15.81. The company's fifty day moving average is $10.96 and its 200-day moving average is $12.07. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 15.96 and a beta of 0.71.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last announced 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 business had revenue of $96.94 million for the quarter, compared to analysts' expectations of $101.12 million. Equities research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.05 per share. 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 (DPR) is 284.44%.

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.