Stifel Financial Corp trimmed its position in Goldman Sachs BDC Inc (NYSE:GSBD) by 48.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,440 shares of the financial services provider’s stock after selling 11,736 shares during the quarter. Stifel Financial Corp’s holdings in Goldman Sachs BDC were worth $238,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Great West Life Assurance Co. Can bought a new stake in Goldman Sachs BDC during the first quarter worth approximately $204,000. Jane Street Group LLC bought a new stake in Goldman Sachs BDC during the fourth quarter worth approximately $225,000. MML Investors Services LLC bought a new stake in Goldman Sachs BDC during the fourth quarter worth approximately $268,000. Raymond James Financial Services Advisors Inc. increased its stake in Goldman Sachs BDC by 41.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,083 shares of the financial services provider’s stock worth $468,000 after acquiring an additional 6,226 shares during the last quarter. Finally, Greenwich Investment Management Inc. increased its stake in Goldman Sachs BDC by 6.7% during the first quarter. Greenwich Investment Management Inc. now owns 46,730 shares of the financial services provider’s stock worth $894,000 after acquiring an additional 2,925 shares during the last quarter. 35.21% of the stock is currently owned by hedge funds and other institutional investors.
Get Goldman Sachs BDC alerts:Several brokerages have weighed in on GSBD. Zacks Investment Research cut Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Friday. National Securities raised Goldman Sachs BDC from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $22.00 to $23.00 in a research note on Monday, May 7th. Raymond James reissued a “strong-buy” rating on shares of Goldman Sachs BDC in a research note on Wednesday, May 9th. Finally, Credit Suisse Group reduced their price objective on Goldman Sachs BDC to $24.00 and set a “neutral” rating on the stock in a research note on Monday, May 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $23.00.
Goldman Sachs BDC opened at $21.47 on Tuesday, according to Marketbeat.com. The company has a market cap of $866.98 million, a PE ratio of 10.53, a price-to-earnings-growth ratio of 2.20 and a beta of 0.78. Goldman Sachs BDC Inc has a one year low of $18.78 and a one year high of $23.20. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72.
Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, May 3rd. The financial services provider reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $35.54 million for the quarter, compared to analysts’ expectations of $36.19 million. Goldman Sachs BDC had a return on equity of 11.09% and a net margin of 38.13%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. equities research analysts predict that Goldman Sachs BDC Inc will post 1.96 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, June 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.38%. Goldman Sachs BDC’s dividend payout ratio is 86.96%.
Goldman Sachs BDC Company Profile
Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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