Cerity Partners LLC Sells 16,753 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Cerity Partners LLC trimmed its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 22.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,130 shares of the financial services provider’s stock after selling 16,753 shares during the period. Cerity Partners LLC’s holdings in Goldman Sachs BDC were worth $786,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its stake in Goldman Sachs BDC by 4,607.0% in the third quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider’s stock worth $28,000 after buying an additional 1,981 shares in the last quarter. WFA Asset Management Corp acquired a new position in shares of Goldman Sachs BDC in the third quarter valued at about $33,000. Rothschild Investment LLC purchased a new position in shares of Goldman Sachs BDC in the second quarter worth about $113,000. Zions Bancorporation N.A. acquired a new stake in shares of Goldman Sachs BDC during the second quarter worth about $128,000. Finally, Centaurus Financial Inc. boosted its position in Goldman Sachs BDC by 15.9% in the second quarter. Centaurus Financial Inc. now owns 9,584 shares of the financial services provider’s stock valued at $144,000 after buying an additional 1,316 shares during the last quarter. 28.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GSBD shares. Wells Fargo & Company raised Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $14.00 to $12.00 in a report on Monday, August 12th. StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Truist Financial reduced their price target on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, August 12th.

Goldman Sachs BDC Stock Performance

Shares of Goldman Sachs BDC stock opened at $13.08 on Friday. The business’s 50 day moving average price is $13.29 and its 200 day moving average price is $14.28. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 18.69 and a beta of 1.06. Goldman Sachs BDC, Inc. has a one year low of $12.67 and a one year high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. The business had revenue of $110.41 million for the quarter, compared to analyst estimates of $112.43 million. During the same quarter in the prior year, the company posted $0.64 EPS. On average, research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.76%. The ex-dividend date is Tuesday, December 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is currently 257.14%.

Goldman Sachs BDC Company Profile

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.