Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Sold by Evoke Wealth LLC

Evoke Wealth LLC trimmed its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 80.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,700 shares of the financial services provider’s stock after selling 49,300 shares during the period. Evoke Wealth LLC’s holdings in Goldman Sachs BDC were worth $181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GSBD. Janney Montgomery Scott LLC increased its position in shares of Goldman Sachs BDC by 4.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 60,317 shares of the financial services provider’s stock worth $884,000 after purchasing an additional 2,400 shares in the last quarter. Founders Financial Alliance LLC increased its position in Goldman Sachs BDC by 4.2% during the fourth quarter. Founders Financial Alliance LLC now owns 24,315 shares of the financial services provider’s stock worth $356,000 after buying an additional 990 shares during the period. Cape Investment Advisory Inc. purchased a new stake in Goldman Sachs BDC in the fourth quarter valued at approximately $58,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Goldman Sachs BDC by 0.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 143,996 shares of the financial services provider’s stock valued at $2,110,000 after acquiring an additional 882 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Goldman Sachs BDC during the fourth quarter worth approximately $181,000. 28.72% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs BDC Stock Performance

Shares of GSBD stock opened at $14.35 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.22. The stock has a 50 day simple moving average of $14.39 and a 200-day simple moving average of $15.00. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 7.47 and a beta of 1.07. Goldman Sachs BDC, Inc. has a 12-month low of $13.39 and a 12-month high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The business had revenue of $108.62 million during the quarter, compared to the consensus estimate of $112.07 million. Goldman Sachs BDC had a net margin of 19.84% and a return on equity of 15.79%. On average, equities analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 12.54%. The ex-dividend date is Monday, September 30th. Goldman Sachs BDC’s payout ratio is currently 93.75%.

Analyst Ratings Changes

A number of research firms have commented on GSBD. StockNews.com lowered shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Tuesday, September 17th. Truist Financial lowered their price objective on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, August 12th. Finally, Wells Fargo & Company upgraded shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and cut their price objective for the stock from $14.00 to $12.00 in a research report on Monday, August 12th.

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.