Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 7.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 598,416 shares of the financial services provider’s stock after selling 46,713 shares during the period. Raymond James & Associates owned about 0.53% of Goldman Sachs BDC worth $8,234,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. SeaCrest Wealth Management LLC increased its holdings in Goldman Sachs BDC by 3.0% during the 1st quarter. SeaCrest Wealth Management LLC now owns 26,016 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 767 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Goldman Sachs BDC by 8.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 405,552 shares of the financial services provider’s stock valued at $6,075,000 after buying an additional 32,296 shares in the last quarter. Norden Group LLC grew its holdings in Goldman Sachs BDC by 1,000.5% during the 1st quarter. Norden Group LLC now owns 119,304 shares of the financial services provider’s stock valued at $1,787,000 after buying an additional 108,463 shares during the last quarter. Hartline Investment Corp acquired a new stake in Goldman Sachs BDC during the 1st quarter valued at $263,000. Finally, Private Advisor Group LLC raised its holdings in shares of Goldman Sachs BDC by 11.3% in the first quarter. Private Advisor Group LLC now owns 37,596 shares of the financial services provider’s stock worth $563,000 after acquiring an additional 3,827 shares during the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Analysts Set New Price Targets

GSBD has been the topic of a number of analyst reports. Wells Fargo & Company raised Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $14.00 to $12.00 in a research note on Monday, August 12th. StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Truist Financial reduced 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 note on Monday, August 12th.

Goldman Sachs BDC Stock Down 1.4 %

GSBD opened at $13.47 on Wednesday. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 15.84 and a beta of 1.07. Goldman Sachs BDC, Inc. has a 12 month low of $13.38 and a 12 month high of $15.94. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50-day moving average of $13.92 and a two-hundred day moving average of $14.74.

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

Goldman Sachs BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Monday, September 30th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.37%. Goldman Sachs BDC’s dividend payout ratio (DPR) is 211.76%.

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.