Nicholas Hoffman & Company LLC. Purchases 7,452 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Nicholas Hoffman & Company LLC. grew its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 48.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,816 shares of the financial services provider’s stock after acquiring an additional 7,452 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Goldman Sachs BDC were worth $342,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. PFG Investments LLC acquired a new stake in shares of Goldman Sachs BDC during the 1st quarter valued at about $374,000. Shikiar Asset Management Inc. lifted its stake in Goldman Sachs BDC by 30.3% during the first quarter. Shikiar Asset Management Inc. now owns 477,575 shares of the financial services provider’s stock worth $7,154,000 after purchasing an additional 110,975 shares during the period. GraniteShares Advisors LLC boosted its holdings in Goldman Sachs BDC by 14.6% during the first quarter. GraniteShares Advisors LLC now owns 115,412 shares of the financial services provider’s stock valued at $1,729,000 after purchasing an additional 14,686 shares in the last quarter. Norden Group LLC grew its stake in shares of Goldman Sachs BDC by 1,000.5% in the 1st quarter. Norden Group LLC now owns 119,304 shares of the financial services provider’s stock valued at $1,787,000 after purchasing an additional 108,463 shares during the period. Finally, WFA Asset Management Corp acquired a new position in shares of Goldman Sachs BDC in the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GSBD shares. Wells Fargo & Company upped 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 shares of Goldman Sachs BDC from a “hold” rating to a “buy” rating in a research report on Friday.

Goldman Sachs BDC Stock Down 1.5 %

NYSE GSBD traded down $0.23 during trading hours on Tuesday, reaching $15.54. 397,632 shares of the company’s stock were exchanged, compared to its average volume of 582,152. Goldman Sachs BDC, Inc. has a one year low of $12.75 and a one year high of $15.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.13 and a current ratio of 1.13. The company’s 50-day moving average is $15.22 and its two-hundred day moving average is $14.92. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 8.63 and a beta of 1.13.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 43.06%. The business had revenue of $115.40 million for the quarter, compared to analyst estimates of $117.09 million. On average, analysts forecast that Goldman Sachs BDC, Inc. will post 2.18 EPS for the current fiscal year.

Goldman Sachs BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Thursday, March 28th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.80 annualized dividend and a 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.