Patriot Financial Group Insurance Agency LLC Makes New $366,000 Investment in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 31,495 shares of the financial services provider's stock, valued at approximately $366,000.

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

Goldman Sachs BDC Stock Down 0.6%

Goldman Sachs BDC stock traded down $0.07 during trading hours on Friday, hitting $11.49. The stock had a trading volume of 49,942 shares, compared to its average volume of 811,652. The stock's 50-day moving average price is $10.88 and its 200-day moving average price is $11.95. Goldman Sachs BDC, Inc. has a 12-month low of $9.51 and a 12-month 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 stock has a market capitalization of $1.35 billion, a P/E ratio of 16.41 and a beta of 0.71.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last announced its 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 15.72% and a net margin of 17.01%. The firm had revenue of $96.94 million during the quarter, compared to analysts' expectations of $101.12 million. Equities research analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GSBD shares. Wall Street Zen upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Sunday, March 23rd. Wells Fargo & Company cut 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.

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.