Garde Capital Inc. Invests $1.16 Million in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Garde Capital Inc. acquired a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 99,500 shares of the financial services provider's stock, valued at approximately $1,157,000. Garde Capital Inc. owned approximately 0.08% of Goldman Sachs BDC as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GSBD. Vision Financial Markets LLC acquired a new position in Goldman Sachs BDC during the fourth quarter worth $27,000. Quarry LP acquired a new position in Goldman Sachs BDC during the fourth quarter worth $33,000. Tower Research Capital LLC TRC boosted its holdings in Goldman Sachs BDC by 211.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider's stock worth $37,000 after purchasing an additional 2,086 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Goldman Sachs BDC by 81.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,858 shares of the financial services provider's stock worth $47,000 after purchasing an additional 1,728 shares during the last quarter. Finally, Transce3nd LLC acquired a new position in Goldman Sachs BDC during the fourth quarter worth $105,000. Institutional investors own 28.72% of the company's stock.

Goldman Sachs BDC Stock Performance

Shares of GSBD stock opened at $11.56 on Friday. The stock has a market cap of $1.36 billion, a P/E ratio of 25.68 and a beta of 0.71. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.39 and a quick ratio of 1.39. The company has a fifty day moving average price of $11.04 and a two-hundred day moving average price of $11.89. Goldman Sachs BDC, Inc. has a one year low of $9.51 and a one year high of $15.81.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last posted 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). The company had revenue of $96.94 million for the quarter, compared to analyst estimates of $101.12 million. Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 12.38%. As a group, equities analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GSBD. Wall Street Zen upgraded shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a 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 for the company in a research note 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.

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