Sumitomo Mitsui Trust Group Inc. Has $4.86 Million Stock Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 7.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 418,070 shares of the financial services provider's stock after purchasing an additional 30,172 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.36% of Goldman Sachs BDC worth $4,862,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Founders Financial Alliance LLC increased its stake in shares of Goldman Sachs BDC by 3.0% in the fourth quarter. Founders Financial Alliance LLC now owns 37,495 shares of the financial services provider's stock valued at $454,000 after buying an additional 1,104 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Goldman Sachs BDC by 6.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,835 shares of the financial services provider's stock worth $231,000 after acquiring an additional 1,147 shares during the last quarter. Captrust Financial Advisors increased its position in Goldman Sachs BDC by 10.9% in the 4th quarter. Captrust Financial Advisors now owns 11,861 shares of the financial services provider's stock valued at $144,000 after acquiring an additional 1,165 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Goldman Sachs BDC by 81.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,858 shares of the financial services provider's stock worth $47,000 after acquiring an additional 1,728 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in shares of Goldman Sachs BDC by 13.1% during the fourth quarter. Verdence Capital Advisors LLC now owns 15,100 shares of the financial services provider's stock worth $183,000 after purchasing an additional 1,750 shares in the last quarter. 28.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on GSBD shares. Wells Fargo & Company lowered 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 report on Monday, April 28th. Wall Street Zen raised Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research note on Sunday, March 23rd.

Goldman Sachs BDC Trading Down 0.6%

NYSE:GSBD traded down $0.08 on Monday, hitting $11.47. 429,757 shares of the stock were exchanged, compared to its average volume of 794,940. 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 $15.64. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 25.46 and a beta of 0.72. The company's 50-day moving average price is $11.23 and its 200 day moving average price is $11.78.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last posted its quarterly 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). Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 12.38%. The business had revenue of $96.94 million for the quarter, compared to the consensus estimate of $101.12 million. On average, equities research analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

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

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.