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

Millennium Management LLC acquired a new position in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 56,311 shares of the financial services provider's stock, valued at approximately $681,000.

A number of other institutional investors and hedge funds have also modified their holdings of GSBD. Stephens Inc. AR increased its position in Goldman Sachs BDC by 2.7% during the fourth quarter. Stephens Inc. AR now owns 30,166 shares of the financial services provider's stock worth $365,000 after acquiring an additional 785 shares during the period. Founders Financial Alliance LLC increased its position in Goldman Sachs BDC by 3.0% during the fourth quarter. Founders Financial Alliance LLC now owns 37,495 shares of the financial services provider's stock worth $454,000 after acquiring an additional 1,104 shares during the period. Captrust Financial Advisors increased its holdings 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 buying an additional 1,165 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in 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 valued at $47,000 after buying an additional 1,728 shares during the period. Finally, Verdence Capital Advisors LLC increased its holdings in Goldman Sachs BDC by 13.1% in the 4th quarter. Verdence Capital Advisors LLC now owns 15,100 shares of the financial services provider's stock valued at $183,000 after buying an additional 1,750 shares during the period. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Price Performance

NYSE GSBD opened at $11.52 on Friday. The business has a 50 day simple moving average of $10.82 and a 200 day simple moving average of $11.98. Goldman Sachs BDC, Inc. has a 52-week low of $9.51 and a 52-week high of $15.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 16.45 and a beta of 0.71.

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 (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 the consensus estimate of $101.12 million. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. Analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 17.09%. Goldman Sachs BDC's dividend payout ratio (DPR) is 284.44%.

Wall Street Analyst Weigh In

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

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.

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