Generali Investments CEE investicni spolecnost a.s. Takes Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,069 shares of the financial services provider's stock, valued at approximately $338,000.

Other institutional investors have also added to or reduced their stakes in the company. Verdence Capital Advisors LLC boosted its holdings in Goldman Sachs BDC by 13.1% in the 4th quarter. Verdence Capital Advisors LLC now owns 15,100 shares of the financial services provider's stock valued at $183,000 after purchasing an additional 1,750 shares during the period. Raymond James Financial Inc. acquired a new stake in Goldman Sachs BDC in the fourth quarter valued at approximately $8,114,000. PNC Financial Services Group Inc. increased its holdings in shares of Goldman Sachs BDC by 46.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 36,083 shares of the financial services provider's stock worth $437,000 after buying an additional 11,466 shares in the last quarter. Kendall Capital Management boosted its holdings in shares of Goldman Sachs BDC by 6.0% during the 4th quarter. Kendall Capital Management now owns 30,970 shares of the financial services provider's stock valued at $375,000 after acquiring an additional 1,755 shares in the last quarter. Finally, Founders Financial Alliance LLC grew its position in Goldman Sachs BDC by 3.0% during the 4th quarter. Founders Financial Alliance LLC now owns 37,495 shares of the financial services provider's stock worth $454,000 after acquiring an additional 1,104 shares during the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on GSBD. 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 report on Monday, April 28th. Wall Street Zen upgraded shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Sunday, March 23rd.

Goldman Sachs BDC Stock Down 0.1%

NYSE:GSBD traded down $0.01 on Monday, hitting $11.53. The stock had a trading volume of 788,654 shares, compared to its average volume of 796,251. Goldman Sachs BDC, Inc. has a 1 year low of $9.51 and a 1 year high of $15.64. The firm's fifty day simple moving average is $11.24 and its two-hundred day simple moving average is $11.77. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $1.35 billion, a P/E ratio of 25.62 and a beta of 0.72.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last issued its earnings results on Thursday, May 8th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.02). Goldman Sachs BDC had a net margin of 12.38% and a return on equity of 15.05%. The firm had revenue of $96.94 million during the quarter, compared to the consensus estimate of $101.12 million. Analysts predict that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

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

Goldman Sachs BDC Company 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.