Tyche Wealth Partners LLC Takes Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Tyche Wealth Partners LLC bought a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) in the first quarter, HoldingsChannel reports. The firm bought 20,275 shares of the financial services provider’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. raised its holdings in shares of Goldman Sachs BDC by 11.9% in the fourth quarter. Invesco Ltd. now owns 1,095,489 shares of the financial services provider’s stock worth $13,255,000 after buying an additional 116,154 shares during the period. Generali Asset Management SPA SGR bought a new position in Goldman Sachs BDC in the 4th quarter valued at $12,879,000. Advisors Capital Management LLC increased its stake in Goldman Sachs BDC by 4.6% in the fourth quarter. Advisors Capital Management LLC now owns 775,035 shares of the financial services provider’s stock worth $9,378,000 after purchasing an additional 34,222 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Goldman Sachs BDC during the fourth quarter worth $8,114,000. Finally, Muzinich & Co. Inc. lifted its position in shares of Goldman Sachs BDC by 0.7% during the fourth quarter. Muzinich & Co. Inc. now owns 395,302 shares of the financial services provider’s stock worth $4,783,000 after purchasing an additional 2,766 shares during the last quarter. Institutional investors own 28.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target 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. Wall Street Zen upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Sunday, March 23rd.

Goldman Sachs BDC Trading Up 0.6%

NYSE GSBD opened at $11.63 on Thursday. The company has a fifty day simple moving average of $11.11 and a two-hundred day simple moving average of $11.86. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.21. The stock has a market cap of $1.36 billion, a P/E ratio of 25.84 and a beta of 0.71. Goldman Sachs BDC, Inc. has a 12-month low of $9.51 and a 12-month high of $15.80.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly 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). The company had revenue of $96.94 million for the quarter, compared to analysts’ expectations of $101.12 million. Goldman Sachs BDC had a net margin of 12.38% and a return on equity of 15.05%. On average, analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The business 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 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.