Nicholas Hoffman & Company LLC. Increases Stock Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Nicholas Hoffman & Company LLC. increased its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 48.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,816 shares of the financial services provider’s stock after acquiring an additional 7,452 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Goldman Sachs BDC were worth $342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. WFA Asset Management Corp bought a new position in shares of Goldman Sachs BDC in the first quarter worth approximately $29,000. Signaturefd LLC bought a new position in shares of Goldman Sachs BDC in the 4th quarter worth $40,000. Register Financial Advisors LLC purchased a new stake in shares of Goldman Sachs BDC during the 1st quarter valued at $41,000. Creekmur Asset Management LLC bought a new stake in shares of Goldman Sachs BDC during the 4th quarter worth $45,000. Finally, CWM LLC grew its position in Goldman Sachs BDC by 75.0% in the fourth quarter. CWM LLC now owns 3,500 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 1,500 shares in the last quarter. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GSBD has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Goldman Sachs BDC from $14.50 to $15.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. StockNews.com raised Goldman Sachs BDC from a “hold” rating to a “buy” rating in a report on Friday.

Goldman Sachs BDC Trading Down 1.5 %

NYSE:GSBD traded down $0.23 during trading hours on Tuesday, reaching $15.54. The company’s stock had a trading volume of 397,632 shares, compared to its average volume of 582,152. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 8.63 and a beta of 1.13. The firm has a 50-day simple moving average of $15.22 and a 200-day simple moving average of $14.92. Goldman Sachs BDC, Inc. has a 1 year low of $12.75 and a 1 year high of $15.80.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). The company had revenue of $115.40 million during the quarter, compared to analysts’ expectations of $117.09 million. Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 43.06%. Research analysts expect that Goldman Sachs BDC, Inc. will post 2.18 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Thursday, March 28th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 11.59%. The ex-dividend date of this dividend was Wednesday, March 27th. Goldman Sachs BDC’s dividend payout ratio is 100.00%.

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.