Texas Yale Capital Corp. Purchases 22,980 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Key Points

• Texas Yale Capital Corp. increased its holdings in Goldman Sachs BDC, Inc. by 75.8%, now owning a total of 53,314 shares worth approximately $620,000.
• Analysts at Wells Fargo & Company have cut their price target for Goldman Sachs BDC shares from $12.00 to $10.00, maintaining an "underweight" rating.
• The company reported a quarterly earnings miss, with earnings per share of $0.41 against a consensus estimate of $0.43.

Texas Yale Capital Corp. raised its position in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 75.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,314 shares of the financial services provider's stock after purchasing an additional 22,980 shares during the period. Texas Yale Capital Corp.'s holdings in Goldman Sachs BDC were worth $620,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GSBD. Quarry LP bought a new position in Goldman Sachs BDC in the 4th quarter valued at $33,000. Tower Research Capital LLC TRC boosted its holdings in Goldman Sachs BDC by 211.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 2,086 shares during the period. Creative Financial Designs Inc. ADV bought a new position in Goldman Sachs BDC in the 1st quarter valued at $46,000. Nomura Asset Management Co. Ltd. boosted 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 purchasing an additional 1,728 shares during the period. Finally, Transce3nd LLC bought a new position in Goldman Sachs BDC in the 4th quarter valued at $105,000. 28.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut their price target on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating for the company in a report on Monday, April 28th.

Goldman Sachs BDC Stock Performance

NYSE GSBD opened at $11.97 on Monday. Goldman Sachs BDC, Inc. has a 52-week low of $9.51 and a 52-week high of $15.30. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $1.40 billion, a P/E ratio of 26.59 and a beta of 0.72. The company has a fifty day moving average of $11.52 and a 200-day moving average of $11.72.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last posted its quarterly earnings data 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). Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 12.38%. The company had revenue of $96.94 million for the quarter, compared to the consensus estimate of $101.12 million. As a group, equities research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.05 per share. This represents a dividend yield of 17.09%. The ex-dividend date was Friday, May 30th. 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.

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