Snowden Capital Advisors LLC Purchases 2,147 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Snowden Capital Advisors LLC grew its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,602 shares of the financial services provider’s stock after purchasing an additional 2,147 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Goldman Sachs BDC were worth $459,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GSBD. Vision Financial Markets LLC bought a new position in Goldman Sachs BDC during the 4th quarter worth approximately $27,000. Quarry LP bought a new position in Goldman Sachs BDC during the 4th quarter worth approximately $33,000. Tower Research Capital LLC TRC raised its holdings in Goldman Sachs BDC by 211.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 2,086 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of 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 acquiring an additional 1,728 shares in the last quarter. Finally, Transce3nd LLC bought a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at $105,000. Institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Performance

NYSE:GSBD opened at $11.01 on Thursday. The company has a fifty day moving average of $11.04 and a 200-day moving average of $12.13. The firm has a market capitalization of $1.29 billion, a P/E ratio of 15.72 and a beta of 0.71. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC, Inc. has a twelve month low of $9.51 and a twelve month high of $15.81.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.02). Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. The business had revenue of $96.94 million during the quarter, compared to analyst estimates of $101.12 million. As a group, sell-side analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Monday, June 30th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.28 annualized dividend and a yield of 11.63%. This is an increase from Goldman Sachs BDC’s previous quarterly dividend of $0.16. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 284.44%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GSBD shares. Wells Fargo & Company lowered their price objective on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, April 28th. StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Sunday, March 23rd.

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.