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

Transcend Capital Advisors LLC purchased a new stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 136,541 shares of the financial services provider's stock, valued at approximately $1,588,000. Transcend Capital Advisors LLC owned approximately 0.12% of Goldman Sachs BDC at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR bought a new position in Goldman Sachs BDC during the 4th quarter worth $12,879,000. Raymond James Financial Inc. bought a new position in shares of Goldman Sachs BDC during the fourth quarter worth about $8,114,000. Trexquant Investment LP grew its position 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 worth $4,234,000 after acquiring 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 4th quarter worth about $2,680,000. Finally, Jefferies Financial Group Inc. bought a new stake in Goldman Sachs BDC in the 4th quarter valued at about $1,690,000. 28.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on GSBD shares. Wells Fargo & Company decreased their target price on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating for the company in a research report on Monday, April 28th. Wall Street Zen upgraded shares of Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research note on Sunday, March 23rd.

Goldman Sachs BDC Price Performance

Shares of NYSE GSBD traded up $0.04 during trading on Tuesday, hitting $11.29. The company had a trading volume of 625,338 shares, compared to its average volume of 793,454. Goldman Sachs BDC, Inc. has a 52 week low of $9.51 and a 52 week high of $15.64. The company has a market cap of $1.32 billion, a P/E ratio of 25.08 and a beta of 0.71. 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 business's 50-day moving average is $11.17 and its 200 day moving average is $11.82.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last released its 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). Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 12.38%. The firm had revenue of $96.94 million during the quarter, compared to analysts' expectations of $101.12 million. Equities research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

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