Transcend Capital Advisors LLC Purchases New Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Transcend Capital Advisors LLC acquired a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 136,541 shares of the financial services provider's stock, valued at approximately $1,588,000. Transcend Capital Advisors LLC owned about 0.12% of Goldman Sachs BDC at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Generali Asset Management SPA SGR bought a new position in shares of Goldman Sachs BDC in the fourth quarter valued at about $12,879,000. Raymond James Financial Inc. acquired a new position in shares of Goldman Sachs BDC during the fourth quarter worth approximately $8,114,000. Trexquant Investment LP grew its stake in shares of Goldman Sachs BDC by 300.2% during the fourth quarter. Trexquant Investment LP now owns 349,927 shares of the financial services provider's stock valued at $4,234,000 after purchasing an additional 262,488 shares during the last quarter. First National Trust Co acquired a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at approximately $2,680,000. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Goldman Sachs BDC in the fourth quarter valued at approximately $1,690,000. Institutional investors and hedge funds own 28.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wells Fargo & Company reduced their price objective on Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating on the stock in a report on Monday, April 28th. Wall Street Zen raised Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research note on Sunday, March 23rd.

Goldman Sachs BDC Stock Down 0.1%

Shares of NYSE:GSBD opened at $11.66 on Friday. The company has a 50 day moving average of $11.15 and a 200-day moving average of $11.84. Goldman Sachs BDC, Inc. has a one year low of $9.51 and a one year high of $15.64. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 25.91 and a beta of 0.71. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.39 and a quick ratio of 1.39.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last released its 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 15.05% and a net margin of 12.38%. 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 Announces Dividend

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

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.

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