Goldman Sachs BDC, Inc. (NYSE:GSBD) Position Increased by Sage Rhino Capital LLC

Sage Rhino Capital LLC increased its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 92.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,570 shares of the financial services provider’s stock after purchasing an additional 81,172 shares during the period. Sage Rhino Capital LLC owned 0.15% of Goldman Sachs BDC worth $2,470,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CFO4Life Group LLC raised its stake in Goldman Sachs BDC by 9.6% during the 3rd quarter. CFO4Life Group LLC now owns 11,091 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 973 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in Goldman Sachs BDC by 5.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 22,024 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 1,101 shares in the last quarter. Private Advisor Group LLC raised its stake in Goldman Sachs BDC by 2.8% during the 3rd quarter. Private Advisor Group LLC now owns 45,278 shares of the financial services provider’s stock valued at $659,000 after acquiring an additional 1,240 shares in the last quarter. Hibernia Wealth Partners LLC raised its stake in Goldman Sachs BDC by 2.7% during the 4th quarter. Hibernia Wealth Partners LLC now owns 53,438 shares of the financial services provider’s stock valued at $783,000 after acquiring an additional 1,420 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Goldman Sachs BDC by 4.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 30,484 shares of the financial services provider’s stock valued at $444,000 after acquiring an additional 1,424 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

Wall Street Analysts Forecast Growth

GSBD has been the topic of several research analyst reports. Wells Fargo & Company lifted 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 upgraded Goldman Sachs BDC from a “hold” rating to a “buy” rating in a research report on Friday.

Goldman Sachs BDC Price Performance

Shares of NYSE GSBD traded down $0.23 during mid-day trading on Tuesday, reaching $15.54. The company had a trading volume of 397,632 shares, compared to its average volume of 582,152. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.14. The stock has a market cap of $1.74 billion, a PE ratio of 8.68 and a beta of 1.13. The company has a 50-day moving average price of $15.22 and a two-hundred day moving average price 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 issued its earnings results on Wednesday, February 28th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The company had revenue of $115.40 million during the quarter, compared to analyst estimates of $117.09 million. Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 43.06%. On average, equities analysts anticipate that Goldman Sachs BDC, Inc. will post 2.18 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

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

Goldman Sachs BDC 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.