Oppenheimer & Co. Inc. Trims Stake in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Oppenheimer & Co. Inc. trimmed its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 12.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,474 shares of the financial services provider’s stock after selling 3,545 shares during the period. Oppenheimer & Co. Inc.’s holdings in Goldman Sachs BDC were worth $296,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Stephens Inc. AR increased its stake in shares of Goldman Sachs BDC by 2.7% in the 4th quarter. Stephens Inc. AR now owns 30,166 shares of the financial services provider’s stock worth $365,000 after purchasing an additional 785 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Goldman Sachs BDC by 149.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,275 shares in the last quarter. Mandatum Life Insurance Co Ltd increased its stake in Goldman Sachs BDC by 3.3% in the 4th quarter. Mandatum Life Insurance Co Ltd now owns 41,675 shares of the financial services provider’s stock worth $504,000 after buying an additional 1,327 shares in the last quarter. Apollon Wealth Management LLC increased its stake in Goldman Sachs BDC by 3.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 50,662 shares of the financial services provider’s stock worth $697,000 after buying an additional 1,500 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in Goldman Sachs BDC by 4.2% in the 3rd quarter. MML Investors Services LLC now owns 48,557 shares of the financial services provider’s stock worth $668,000 after buying an additional 1,938 shares in the last quarter. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Tuesday, March 4th.

Goldman Sachs BDC Stock Up 1.2 %

Shares of NYSE:GSBD opened at $12.43 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 17.75 and a beta of 1.06. Goldman Sachs BDC, Inc. has a 12 month low of $11.72 and a 12 month high of $15.94. The company has a 50-day moving average price of $12.60 and a 200 day moving average price of $13.16.

Goldman Sachs BDC Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 5.15%. This is an increase from Goldman Sachs BDC’s previous quarterly dividend of $0.05. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 224.56%.

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.