Millennium Management LLC Invests $681,000 in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Millennium Management LLC acquired a new stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 56,311 shares of the financial services provider's stock, valued at approximately $681,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in Goldman Sachs BDC by 1.0% during the 4th quarter. Van ECK Associates Corp now owns 2,732,785 shares of the financial services provider's stock worth $33,066,000 after acquiring an additional 25,888 shares in the last quarter. Invesco Ltd. grew its stake in Goldman Sachs BDC by 11.9% in the 4th quarter. Invesco Ltd. now owns 1,095,489 shares of the financial services provider's stock valued at $13,255,000 after acquiring an additional 116,154 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in Goldman Sachs BDC in the 4th quarter valued at about $12,879,000. Advisors Capital Management LLC boosted its stake in shares of Goldman Sachs BDC by 4.6% during the 4th quarter. Advisors Capital Management LLC now owns 775,035 shares of the financial services provider's stock worth $9,378,000 after purchasing an additional 34,222 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Goldman Sachs BDC during the 4th quarter worth about $8,114,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on GSBD. Wells Fargo & Company dropped 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. Wall Street Zen raised shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Sunday, March 23rd.

Goldman Sachs BDC Stock Down 0.1%

Shares of GSBD traded down $0.02 during trading hours on Wednesday, reaching $11.60. The company's stock had a trading volume of 578,820 shares, compared to its average volume of 790,351. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 16.56 and a beta of 0.71. Goldman Sachs BDC, Inc. has a 1-year low of $9.51 and a 1-year high of $15.81. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The company has a 50 day moving average of $10.85 and a two-hundred day moving average of $11.97.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.02). The business had revenue of $96.94 million for the quarter, compared to analyst estimates of $101.12 million. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. As a group, research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

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