Sumitomo Mitsui Trust Group Inc. Raises Stock Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Sumitomo Mitsui Trust Group Inc. boosted its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 7.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm 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 0.36% of Goldman Sachs BDC worth $4,862,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Mallini Complete Financial Planning LLC bought a new stake in Goldman Sachs BDC in the first quarter worth about $119,000. Transcend Capital Advisors LLC bought a new stake in Goldman Sachs BDC in the first quarter worth about $1,588,000. Creative Financial Designs Inc. ADV bought a new stake in Goldman Sachs BDC in the first quarter worth about $46,000. Tyche Wealth Partners LLC bought a new stake in Goldman Sachs BDC in the first quarter worth about $236,000. Finally, Oppenheimer & Co. Inc. raised its position in shares of Goldman Sachs BDC by 7.5% in the first quarter. Oppenheimer & Co. Inc. now owns 26,316 shares of the financial services provider's stock valued at $306,000 after purchasing an additional 1,842 shares during the period. Institutional investors own 28.72% of the company's stock.

Analysts Set New Price Targets

GSBD has been the topic of several research reports. Wells Fargo & Company lowered 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 research report on Monday, April 28th. Wall Street Zen raised shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research report on Sunday, March 23rd.

Goldman Sachs BDC Stock Performance

Shares of NYSE GSBD traded up $0.10 during midday trading on Tuesday, hitting $11.62. The company's stock had a trading volume of 653,070 shares, compared to its average volume of 797,046. The stock has a fifty day moving average price of $11.26 and a 200 day moving average price of $11.77. Goldman Sachs BDC, Inc. has a one year low of $9.51 and a one year high of $15.64. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 25.82 and a beta of 0.72.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.02). The firm had revenue of $96.94 million for the quarter, compared to analysts' expectations of $101.12 million. Goldman Sachs BDC had a net margin of 12.38% and a return on equity of 15.05%. On average, 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 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%.

Goldman Sachs BDC Company 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.