Hartline Investment Corp Buys New Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Hartline Investment Corp bought a new stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,559 shares of the financial services provider’s stock, valued at approximately $263,000.

Other hedge funds also recently added to or reduced their stakes in the company. WFA Asset Management Corp acquired a new position in shares of Goldman Sachs BDC in the first quarter valued at about $29,000. Signaturefd LLC acquired a new position in shares of Goldman Sachs BDC in the fourth quarter valued at about $40,000. Register Financial Advisors LLC acquired a new position in shares of Goldman Sachs BDC in the first quarter valued at about $41,000. Creekmur Asset Management LLC acquired a new position in shares of Goldman Sachs BDC in the fourth quarter valued at about $45,000. Finally, CWM LLC increased its holdings in shares of Goldman Sachs BDC by 75.0% in the fourth quarter. CWM LLC now owns 3,500 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,500 shares during the period. 28.72% of the stock is owned by institutional investors and hedge funds.

Goldman Sachs BDC Price Performance

GSBD stock traded up $0.01 during mid-day trading on Friday, reaching $15.46. 324,720 shares of the company’s stock were exchanged, compared to its average volume of 608,420. The stock’s 50 day moving average is $15.44 and its 200 day moving average is $15.23. Goldman Sachs BDC, Inc. has a 12-month low of $13.35 and a 12-month high of $15.94. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 8.05 and a beta of 1.08. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.24 and a quick ratio of 1.24.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Tuesday, May 7th. The financial services provider reported $0.54 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $111.54 million for the quarter, compared to analyst estimates of $115.33 million. On average, research analysts expect that Goldman Sachs BDC, Inc. will post 2.14 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.80 annualized dividend and a dividend yield of 11.65%. Goldman Sachs BDC’s dividend payout ratio is presently 93.75%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GSBD shares. StockNews.com downgraded Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Wells Fargo & Company downgraded Goldman Sachs BDC from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $15.00 to $14.00 in a research note on Wednesday, May 29th.

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.