Diversify Wealth Management LLC Invests $284,000 in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Diversify Wealth Management LLC purchased a new position in Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 23,823 shares of the financial services provider's stock, valued at approximately $284,000.

A number of other institutional investors have also recently added to or reduced their stakes in GSBD. Farther Finance Advisors LLC increased its holdings in shares of Goldman Sachs BDC by 4,607.0% during the third quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 1,981 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Goldman Sachs BDC by 149.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 1,275 shares in the last quarter. WFA Asset Management Corp acquired a new position in shares of Goldman Sachs BDC during the third quarter valued at approximately $33,000. Wealthcare Advisory Partners LLC bought a new stake in Goldman Sachs BDC during the fourth quarter worth approximately $135,000. Finally, Principal Street Partners LLC bought a new position in Goldman Sachs BDC during the 3rd quarter valued at $141,000. 28.72% of the stock is currently owned by institutional investors.

Goldman Sachs BDC Price Performance

Shares of NYSE GSBD traded up $0.24 during trading on Thursday, hitting $12.58. The company had a trading volume of 906,375 shares, compared to its average volume of 966,041. The company has a market cap of $1.48 billion, a P/E ratio of 17.98 and a beta of 1.06. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The business's 50-day moving average is $12.63 and its 200 day moving average is $13.58. Goldman Sachs BDC, Inc. has a 52 week low of $11.72 and a 52 week high of $15.94.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last announced its earnings results on Thursday, November 7th. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $110.41 million during the quarter, compared to the consensus estimate of $112.43 million. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. During the same period in the prior year, the business posted $0.64 earnings per share. Equities research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 14.30%. The ex-dividend date is Tuesday, December 31st. Goldman Sachs BDC's dividend payout ratio is currently 257.15%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Tuesday, October 8th.

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.