Goldman Sachs BDC, Inc. (NYSE:GSBD) Holdings Lifted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 7.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 418,070 shares of the financial services provider's stock after acquiring an additional 30,172 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.36% of Goldman Sachs BDC worth $4,862,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GSBD. Verdence Capital Advisors LLC raised its position in shares of Goldman Sachs BDC by 13.1% during the 4th quarter. Verdence Capital Advisors LLC now owns 15,100 shares of the financial services provider's stock valued at $183,000 after acquiring an additional 1,750 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in Goldman Sachs BDC in the fourth quarter worth $27,000. Raymond James Financial Inc. acquired a new stake in Goldman Sachs BDC in the fourth quarter worth $8,114,000. PNC Financial Services Group Inc. increased its position in Goldman Sachs BDC by 46.6% in 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 during the period. Finally, Kendall Capital Management increased its position in Goldman Sachs BDC by 6.0% in the fourth quarter. Kendall Capital Management now owns 30,970 shares of the financial services provider's stock worth $375,000 after buying an additional 1,755 shares during the period. 28.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on GSBD shares. 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 target price on Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th.

Goldman Sachs BDC Stock Performance

Shares of NYSE:GSBD traded up $0.11 on Tuesday, hitting $11.63. The company's stock had a trading volume of 475,463 shares, compared to its average volume of 804,512. Goldman Sachs BDC, Inc. has a 12 month low of $9.51 and a 12 month high of $15.64. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 25.84 and a beta of 0.72. The stock's 50-day moving average is $11.24 and its two-hundred day 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.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last released its quarterly 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 return on equity of 15.05% and a net margin of 12.38%. The business had revenue of $96.94 million during 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 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

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