Mandatum Life Insurance Co Ltd Purchases 14,696 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Mandatum Life Insurance Co Ltd boosted its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 35.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,371 shares of the financial services provider’s stock after purchasing an additional 14,696 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in Goldman Sachs BDC were worth $656,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GSBD. Cambridge Investment Research Advisors Inc. raised its stake in shares of Goldman Sachs BDC by 6.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,835 shares of the financial services provider’s stock worth $231,000 after buying an additional 1,147 shares during the last quarter. Captrust Financial Advisors increased its stake in Goldman Sachs BDC by 10.9% in the fourth quarter. Captrust Financial Advisors now owns 11,861 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 1,165 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Goldman Sachs BDC by 81.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,858 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 1,728 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Goldman Sachs BDC by 7.5% in the first quarter. Oppenheimer & Co. Inc. now owns 26,316 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 1,842 shares in the last quarter. Finally, Centaurus Financial Inc. increased its stake in Goldman Sachs BDC by 16.5% in the fourth quarter. Centaurus Financial Inc. now owns 13,603 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 1,925 shares in the last quarter. 28.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GSBD shares. Wells Fargo & Company lowered their target price on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, April 28th. Wall Street Zen upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Sunday, March 23rd.

Goldman Sachs BDC Stock Up 0.0%

Shares of NYSE:GSBD traded up $0.01 during midday trading on Friday, reaching $11.97. 76,897 shares of the company were exchanged, compared to its average volume of 803,205. Goldman Sachs BDC, Inc. has a fifty-two week low of $9.51 and a fifty-two week high of $15.38. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.21. The stock has a fifty day simple moving average of $11.44 and a two-hundred day simple moving average of $11.73. The firm has a market cap of $1.40 billion, a PE ratio of 26.59 and a beta of 0.72.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Thursday, May 8th. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.02). Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 12.38%. The business had revenue of $96.94 million for the quarter, compared to analyst estimates of $101.12 million. As a group, sell-side analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a dividend of $0.05 per share. This represents a yield of 17.09%. The ex-dividend date was Friday, May 30th. Goldman Sachs BDC’s payout ratio is 284.44%.

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.