Stiles Financial Services Inc Raises Stock Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Stiles Financial Services Inc raised its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 165.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,083 shares of the financial services provider's stock after purchasing an additional 52,406 shares during the quarter. Stiles Financial Services Inc owned 0.07% of Goldman Sachs BDC worth $978,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vision Financial Markets LLC purchased a new stake in shares of Goldman Sachs BDC during the fourth quarter valued at approximately $27,000. Quarry LP bought a new position in Goldman Sachs BDC in the 4th quarter valued at approximately $33,000. Tower Research Capital LLC TRC boosted its stake in Goldman Sachs BDC by 211.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 2,086 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings 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 in the last quarter. Finally, Transce3nd LLC bought a new stake in shares of Goldman Sachs BDC in the 4th quarter worth $105,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs BDC Stock Performance

Shares of NYSE GSBD traded up $0.15 during midday trading on Tuesday, hitting $11.55. 630,182 shares of the stock traded hands, compared to its average volume of 791,373. The firm has a market capitalization of $1.35 billion, a P/E ratio of 25.66 and a beta of 0.71. Goldman Sachs BDC, Inc. has a one year low of $9.51 and a one year high of $15.81. 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 firm has a 50-day moving average of $11.08 and a two-hundred day moving average of $11.86.

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 for the quarter, missing analysts' consensus estimates of $0.43 by ($0.02). The firm had revenue of $96.94 million during 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%. On average, equities analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The firm 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 17.09%. The ex-dividend date was Friday, May 30th. Goldman Sachs BDC's payout ratio is 284.44%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GSBD. Wall Street Zen raised Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research report on Sunday, March 23rd. Wells Fargo & Company dropped 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.

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.