Wilmington Savings Fund Society FSB Buys New Stake in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Wilmington Savings Fund Society FSB acquired a new position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 80,000 shares of the financial services provider's stock, valued at approximately $1,101,000. Wilmington Savings Fund Society FSB owned about 0.07% of Goldman Sachs BDC as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Van ECK Associates Corp grew its stake in Goldman Sachs BDC by 10.4% in the third quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider's stock worth $36,408,000 after purchasing an additional 255,458 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Goldman Sachs BDC in the second quarter valued at $18,533,000. J.W. Cole Advisors Inc. acquired a new stake in Goldman Sachs BDC during the 3rd quarter valued at $526,000. Naviter Wealth LLC grew its holdings in shares of Goldman Sachs BDC by 55.3% during the 2nd quarter. Naviter Wealth LLC now owns 131,241 shares of the financial services provider's stock valued at $2,032,000 after acquiring an additional 46,760 shares in the last quarter. Finally, HB Wealth Management LLC grew its holdings in shares of Goldman Sachs BDC by 18.1% during the 2nd quarter. HB Wealth Management LLC now owns 302,998 shares of the financial services provider's stock valued at $4,554,000 after acquiring an additional 46,369 shares in the last quarter. Institutional investors and hedge funds own 28.72% of the company's stock.

Analyst Upgrades and Downgrades

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

Goldman Sachs BDC Stock Performance

Shares of GSBD traded up $0.04 during midday trading on Friday, reaching $12.87. The stock had a trading volume of 623,407 shares, compared to its average volume of 660,068. The firm has a 50 day simple moving average of $13.18 and a 200-day simple moving average of $14.18. Goldman Sachs BDC, Inc. has a one year low of $12.67 and a one year high of $15.94. The firm has a market cap of $1.51 billion, a PE ratio of 18.39 and a beta of 1.06. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. The company had revenue of $110.41 million during the quarter, compared to the consensus estimate of $112.43 million. During the same quarter in the prior year, the firm posted $0.64 EPS. As a group, sell-side analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.99%. The ex-dividend date of this dividend is Tuesday, December 31st. Goldman Sachs BDC's payout ratio is currently 257.14%.

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.