Muzinich & Co. Inc. Raises Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Muzinich & Co. Inc. raised its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 9.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 434,147 shares of the financial services provider's stock after acquiring an additional 38,845 shares during the period. Goldman Sachs BDC comprises about 2.9% of Muzinich & Co. Inc.'s investment portfolio, making the stock its 10th largest holding. Muzinich & Co. Inc. owned about 0.37% of Goldman Sachs BDC worth $5,049,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of GSBD. Raymond James Financial Inc. acquired a new position in Goldman Sachs BDC during the fourth quarter valued at approximately $8,114,000. Trexquant Investment LP boosted its position in Goldman Sachs BDC by 300.2% during the fourth quarter. Trexquant Investment LP now owns 349,927 shares of the financial services provider's stock valued at $4,234,000 after purchasing an additional 262,488 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in Goldman Sachs BDC during the fourth quarter valued at approximately $1,690,000. Transcend Capital Advisors LLC acquired a new position in Goldman Sachs BDC during the first quarter valued at approximately $1,588,000. Finally, Round Rock Advisors LLC boosted its position in Goldman Sachs BDC by 174.7% during the first quarter. Round Rock Advisors LLC now owns 205,876 shares of the financial services provider's stock valued at $2,394,000 after purchasing an additional 130,936 shares during the last quarter. 28.72% of the stock is owned by institutional investors and hedge funds.

Goldman Sachs BDC Stock Performance

Shares of NYSE GSBD traded down $0.14 during trading hours on Monday, reaching $11.74. 253,660 shares of the stock were exchanged, compared to its average volume of 805,213. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 26.08 and a beta of 0.72. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.39 and a current ratio of 1.39. Goldman Sachs BDC, Inc. has a 52 week low of $9.51 and a 52 week high of $15.30. The stock's fifty day simple moving average is $11.46 and its 200 day simple moving average is $11.72.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last posted its quarterly earnings data 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 15.05% and a net margin of 12.38%. The company had revenue of $96.94 million for the quarter, compared to the consensus estimate of $101.12 million. Sell-side analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research note on Sunday, March 23rd. Wells Fargo & Company dropped their price objective on Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating on the stock 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.