Oppenheimer & Co. Inc. Sells 1,651 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Oppenheimer & Co. Inc. cut its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 5.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,019 shares of the financial services provider’s stock after selling 1,651 shares during the period. Oppenheimer & Co. Inc.’s holdings in Goldman Sachs BDC were worth $386,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of GSBD. ProShare Advisors LLC grew its stake in Goldman Sachs BDC by 15.3% in the first quarter. ProShare Advisors LLC now owns 15,390 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 2,047 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Goldman Sachs BDC by 8.0% in the first quarter. Advisors Asset Management Inc. now owns 129,577 shares of the financial services provider’s stock valued at $1,941,000 after acquiring an additional 9,568 shares in the last quarter. Walleye Trading LLC purchased a new stake in Goldman Sachs BDC in the first quarter worth about $336,000. Cetera Investment Advisers grew its holdings in Goldman Sachs BDC by 45.8% during the 1st quarter. Cetera Investment Advisers now owns 387,379 shares of the financial services provider’s stock worth $5,803,000 after acquiring an additional 121,765 shares in the last quarter. Finally, Cetera Advisors LLC increased its position in Goldman Sachs BDC by 762.7% during the 1st quarter. Cetera Advisors LLC now owns 136,015 shares of the financial services provider’s stock valued at $2,038,000 after purchasing an additional 120,249 shares during the period. Institutional investors own 28.72% of the company’s stock.

Analyst Upgrades and Downgrades

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

Goldman Sachs BDC Stock Performance

GSBD opened at $12.75 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. Goldman Sachs BDC, Inc. has a 12-month low of $12.67 and a 12-month high of $15.94. The firm has a 50 day moving average of $13.55 and a two-hundred day moving average of $14.46. The firm has a market capitalization of $1.49 billion, a PE ratio of 18.21 and a beta of 1.07.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. Goldman Sachs BDC had a net margin of 17.01% and a return on equity of 15.72%. The firm had revenue of $110.41 million during the quarter, compared to analysts’ expectations of $112.43 million. During the same period in the previous year, the business posted $0.64 EPS. On average, analysts anticipate that Goldman Sachs BDC, Inc. will post 2.18 EPS for the current year.

Goldman Sachs BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be given a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.12%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 257.15%.

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.