Goldman Sachs BDC, Inc. (NYSE:GSBD) Plans $0.03 Dividend

Goldman Sachs BDC, Inc. (NYSE:GSBD) declared a dividend on Thursday, August 6th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.03 per share by the financial services provider on Tuesday, September 15th. The ex-dividend date of this dividend is Monday, August 31st.

Goldman Sachs BDC has raised its dividend payment by an average of 0.0%annually over the last three years. Goldman Sachs BDC has a payout ratio of 92.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Goldman Sachs BDC to earn $1.07 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 119.6%.

Goldman Sachs BDC Trading Up 2.7%

NYSE:GSBD opened at $9.07 on Friday. Goldman Sachs BDC has a 52 week low of $8.35 and a 52 week high of $11.62. The firm has a 50 day moving average of $9.06 and a 200 day moving average of $9.19. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 13.95 and a beta of 0.57.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Thursday, August 6th. The financial services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. The firm had revenue of $35.08 million for the quarter, compared to the consensus estimate of $78.89 million. Goldman Sachs BDC had a return on equity of 10.94% and a net margin of 21.32%. As a group, sell-side analysts anticipate that Goldman Sachs BDC will post 1.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Goldman Sachs BDC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GSBD. Closed End Fund Advisors Inc. acquired a new stake in Goldman Sachs BDC during the 4th quarter worth approximately $3,858,000. UBS Group AG raised its position in shares of Goldman Sachs BDC by 18.2% in the 4th quarter. UBS Group AG now owns 1,607,176 shares of the financial services provider’s stock valued at $14,915,000 after purchasing an additional 247,163 shares in the last quarter. Sage Rhino Capital LLC raised its stake in shares of Goldman Sachs BDC by 39.9% in the 4th quarter. Sage Rhino Capital LLC now owns 409,885 shares of the financial services provider’s stock valued at $3,804,000 after purchasing an additional 117,000 shares in the last quarter. Saxon Interests Inc. bought a new position in Goldman Sachs BDC during the fourth quarter worth $1,131,000. Finally, One William Street Capital Management L.P. acquired a new position in Goldman Sachs BDC in the fourth quarter valued at approximately $742,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

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.