Goldman Sachs BDC, Inc. (GSBD) to Issue Quarterly Dividend of $0.32 on July 28th

Goldman Sachs BDC, Inc. (NYSE:GSBD) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.32 per share by the financial services provider on Tuesday, July 28th. This represents a c) annualized dividend and a dividend yield of 13.8%. The ex-dividend date is Tuesday, June 30th.

Goldman Sachs BDC has raised its dividend by an average of 0.0%per year over the last three years. Goldman Sachs BDC has a dividend payout ratio of 92.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Goldman Sachs BDC to earn $1.20 per share next year, which means the company may not be able to cover its $1.28 annual dividend with an expected future payout ratio of 106.7%.

Goldman Sachs BDC Trading Down 6.5%

GSBD opened at $9.29 on Friday. Goldman Sachs BDC has a twelve month low of $8.66 and a twelve month high of $12.03. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.32. The company has a fifty day moving average of $9.33 and a 200-day moving average of $9.49. The stock has a market cap of $1.05 billion, a PE ratio of 14.29 and a beta of 0.62.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). Goldman Sachs BDC had a return on equity of 10.77% and a net margin of 21.32%.The firm had revenue of $10.35 million for the quarter, compared to analyst estimates of $83.78 million. On average, sell-side analysts predict that Goldman Sachs BDC will post 1.27 EPS for the current year.

Insider Activity

In other Goldman Sachs BDC news, Director Carlos E. Evans acquired 50,000 shares of Goldman Sachs BDC stock in a transaction dated Thursday, April 2nd. The stock was purchased at an average cost of $9.02 per share, for a total transaction of $451,000.00. Following the completion of the acquisition, the director directly owned 64,446 shares of the company’s stock, valued at $581,302.92. This represents a 346.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Quadrant Private Wealth Management LLC grew its holdings in shares of Goldman Sachs BDC by 12.2% during the first quarter. Quadrant Private Wealth Management LLC now owns 160,483 shares of the financial services provider’s stock valued at $1,476,000 after buying an additional 17,423 shares during the last quarter. Independent Financial Group LLC acquired a new position in shares of Goldman Sachs BDC during the first quarter valued at about $499,000. Ethos Financial Group LLC grew its holdings in shares of Goldman Sachs BDC by 23.4% during the first quarter. Ethos Financial Group LLC now owns 114,794 shares of the financial services provider’s stock valued at $1,058,000 after buying an additional 21,789 shares during the last quarter. Sovran Advisors LLC grew its holdings in shares of Goldman Sachs BDC by 14.4% during the first quarter. Sovran Advisors LLC now owns 14,245 shares of the financial services provider’s stock valued at $140,000 after buying an additional 1,790 shares during the last quarter. Finally, Saxon Interests Inc. grew its holdings in shares of Goldman Sachs BDC by 0.8% during the first quarter. Saxon Interests Inc. now owns 122,912 shares of the financial services provider’s stock valued at $1,091,000 after buying an additional 1,032 shares during the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.