Confluence Investment Management LLC Acquires 4,254 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Confluence Investment Management LLC grew its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 2.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 190,241 shares of the financial services provider’s stock after buying an additional 4,254 shares during the period. Confluence Investment Management LLC’s holdings in Goldman Sachs BDC were worth $2,859,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GSBD. International Assets Investment Management LLC grew its stake in Goldman Sachs BDC by 561.5% in the fourth quarter. International Assets Investment Management LLC now owns 217,113 shares of the financial services provider’s stock worth $3,181,000 after purchasing an additional 184,293 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Goldman Sachs BDC by 19.1% in the fourth quarter. Arkadios Wealth Advisors now owns 115,121 shares of the financial services provider’s stock worth $1,687,000 after purchasing an additional 18,481 shares in the last quarter. Investment Partners Asset Management Inc. bought a new position in Goldman Sachs BDC in the fourth quarter worth approximately $1,211,000. Cerity Partners LLC grew its stake in Goldman Sachs BDC by 212.1% in the fourth quarter. Cerity Partners LLC now owns 68,050 shares of the financial services provider’s stock worth $997,000 after purchasing an additional 46,244 shares in the last quarter. Finally, Wealth Alliance boosted its position in Goldman Sachs BDC by 70.4% during the 4th quarter. Wealth Alliance now owns 21,030 shares of the financial services provider’s stock valued at $308,000 after acquiring an additional 8,685 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on GSBD. Wells Fargo & Company cut Goldman Sachs BDC from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $15.00 to $14.00 in a research report on Wednesday, May 29th. StockNews.com cut Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research report on Monday, May 20th.

Goldman Sachs BDC Stock Down 2.1 %

Shares of GSBD traded down $0.32 during midday trading on Friday, hitting $14.58. 1,248,140 shares of the company’s stock traded hands, compared to its average volume of 581,124. Goldman Sachs BDC, Inc. has a 1 year low of $13.39 and a 1 year high of $15.94. The firm’s fifty day moving average is $15.32 and its 200-day moving average is $15.27. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 7.59 and a beta of 1.08.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). Goldman Sachs BDC had a net margin of 45.80% and a return on equity of 15.68%. The business had revenue of $111.54 million for the quarter, compared to analysts’ expectations of $115.33 million. As a group, sell-side analysts anticipate that Goldman Sachs BDC, Inc. will post 2.14 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, June 28th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.80 annualized dividend and a dividend yield of 12.35%. Goldman Sachs BDC’s dividend payout ratio is presently 93.75%.

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.