Transcend Capital Advisors LLC Buys Shares of 136,541 Goldman Sachs BDC, Inc. (NYSE:GSBD)

Transcend Capital Advisors LLC purchased a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) during the first quarter, HoldingsChannel reports. The fund purchased 136,541 shares of the financial services provider’s stock, valued at approximately $1,588,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GSBD. Maia Wealth LLC lifted its holdings in shares of Goldman Sachs BDC by 242.7% during the 4th quarter. Maia Wealth LLC now owns 93,871 shares of the financial services provider’s stock valued at $1,202,000 after purchasing an additional 66,476 shares in the last quarter. Norden Group LLC raised its holdings in Goldman Sachs BDC by 50.4% during the 4th quarter. Norden Group LLC now owns 15,841 shares of the financial services provider’s stock worth $192,000 after buying an additional 5,306 shares during the period. Sage Rhino Capital LLC lifted its stake in Goldman Sachs BDC by 23.9% in the fourth quarter. Sage Rhino Capital LLC now owns 252,335 shares of the financial services provider’s stock valued at $3,053,000 after buying an additional 48,639 shares in the last quarter. Meridian Wealth Management LLC boosted its holdings in shares of Goldman Sachs BDC by 10.6% in the fourth quarter. Meridian Wealth Management LLC now owns 278,458 shares of the financial services provider’s stock valued at $3,369,000 after buying an additional 26,793 shares during the period. Finally, Bravias Capital Group LLC bought a new stake in shares of Goldman Sachs BDC during the fourth quarter worth $713,000. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Trading Down 0.1%

NYSE GSBD opened at $11.66 on Friday. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 25.91 and a beta of 0.71. Goldman Sachs BDC, Inc. has a 52 week low of $9.51 and a 52 week high of $15.64. The stock’s 50 day moving average price is $11.15 and its two-hundred day moving average price is $11.84. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.39 and a current ratio of 1.39.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $101.12 million. Goldman Sachs BDC had a net margin of 12.38% and a return on equity of 15.05%. As a group, analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The firm also recently disclosed 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 of this dividend was Friday, May 30th. This represents a dividend yield of 17.09%. Goldman Sachs BDC’s payout ratio is 284.44%.

Analyst Ratings Changes

GSBD has been the topic of several research reports. Wall Street Zen raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Sunday, March 23rd. Wells Fargo & Company dropped their price target on Goldman Sachs BDC from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, April 28th.

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.