HB Wealth Management LLC Grows Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Key Points

• HB Wealth Management LLC significantly increased its holdings in Goldman Sachs BDC by 77.2%, now owning 67,268 shares valued at approximately $782,000.
• The stock of Goldman Sachs BDC has seen a 1.7% decline recently, with a current price of $11.36 and a market cap of $1.33 billion.
• Goldman Sachs BDC reported a missed earnings estimate of $0.41 per share for the latest quarter, falling short of analysts’ expectations of $0.43.

HB Wealth Management LLC boosted its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 77.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 67,268 shares of the financial services provider's stock after purchasing an additional 29,296 shares during the quarter. HB Wealth Management LLC owned about 0.06% of Goldman Sachs BDC worth $782,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. LPL Financial LLC lifted its stake in Goldman Sachs BDC by 40.9% during the 4th quarter. LPL Financial LLC now owns 144,335 shares of the financial services provider's stock valued at $1,746,000 after acquiring an additional 41,915 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Goldman Sachs BDC by 31.9% in the 4th quarter. JPMorgan Chase & Co. now owns 293,491 shares of the financial services provider's stock worth $3,551,000 after purchasing an additional 71,016 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Goldman Sachs BDC by 81.1% in the 4th 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 period. Trexquant Investment LP lifted its stake in shares of Goldman Sachs BDC by 300.2% in the 4th quarter. Trexquant Investment LP now owns 349,927 shares of the financial services provider's stock worth $4,234,000 after purchasing an additional 262,488 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Goldman Sachs BDC by 18.4% in the 4th quarter. Wells Fargo & Company MN now owns 327,622 shares of the financial services provider's stock worth $3,964,000 after purchasing an additional 51,014 shares during the period. 28.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lowered their price objective on shares of 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 Trading Down 1.5%

NYSE GSBD traded down $0.17 on Friday, hitting $11.05. 545,368 shares of the stock were exchanged, compared to its average volume of 680,826. 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 $14.81. The firm has a market capitalization of $1.30 billion, a P/E ratio of 24.56 and a beta of 0.75. The stock has a fifty day moving average price of $11.54 and a two-hundred day moving average price of $11.69.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.02). The firm had revenue of $96.94 million for the quarter, compared to the consensus estimate of $101.12 million. Goldman Sachs BDC had a net margin of 12.38% and a return on equity of 15.05%. Research analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a $0.05 dividend. This represents a dividend yield of 1,709.0%. The ex-dividend date was Friday, May 30th. Goldman Sachs BDC's payout ratio is presently 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.