Quadrant Private Wealth Management LLC Increases Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Quadrant Private Wealth Management LLC increased its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 13.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 206,279 shares of the financial services provider's stock after acquiring an additional 24,000 shares during the quarter. Quadrant Private Wealth Management LLC owned approximately 0.18% of Goldman Sachs BDC worth $2,498,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Quarry LP bought a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at $33,000. Tower Research Capital LLC TRC raised its stake in shares of Goldman Sachs BDC by 211.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider's stock valued at $37,000 after buying an additional 2,086 shares during the period. Creative Financial Designs Inc. ADV bought a new stake in shares of Goldman Sachs BDC in the first quarter valued at $46,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Goldman Sachs BDC by 81.1% in the fourth 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, Transce3nd LLC bought a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at $105,000. 28.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lowered their target price on 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.

Goldman Sachs BDC Stock Performance

Shares of NYSE GSBD traded up $0.07 during mid-day trading on Friday, hitting $11.97. The company had a trading volume of 628,321 shares, compared to its average volume of 799,835. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 26.59 and a beta of 0.72. Goldman Sachs BDC, Inc. has a 1 year low of $9.51 and a 1 year high of $15.30. 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 stock's 50-day moving average price is $11.51 and its 200-day moving average price is $11.72.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.02). The company had revenue of $96.94 million during 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, sell-side analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were given a $0.05 dividend. This represents a dividend yield of 17.09%. The ex-dividend date was Friday, May 30th. Goldman Sachs BDC's dividend payout ratio (DPR) is presently 284.44%.

Goldman Sachs BDC 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.