Goldman Sachs BDC, Inc. $GSBD Stock Position Reduced by Investment Partners Asset Management Inc.

Investment Partners Asset Management Inc. decreased its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 68.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,497 shares of the financial services provider’s stock after selling 65,401 shares during the quarter. Investment Partners Asset Management Inc.’s holdings in Goldman Sachs BDC were worth $283,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. ORG Partners LLC purchased a new position in shares of Goldman Sachs BDC during the 4th quarter valued at $33,000. CWM LLC raised its holdings in shares of Goldman Sachs BDC by 187.8% during the third quarter. CWM LLC now owns 4,864 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 3,174 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Goldman Sachs BDC during the third quarter valued at $51,000. Quantbot Technologies LP acquired a new position in Goldman Sachs BDC in the 2nd quarter worth about $62,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Goldman Sachs BDC during the 3rd quarter worth about $68,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Stock Down 1.6%

GSBD opened at $8.90 on Wednesday. The business has a 50 day moving average of $9.24 and a 200-day moving average of $9.65. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 8.55 and a beta of 0.62. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.32. Goldman Sachs BDC, Inc. has a 1-year low of $8.70 and a 1-year high of $12.03.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Friday, February 27th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Goldman Sachs BDC had a net margin of 32.62% and a return on equity of 12.23%. The business had revenue of $38.79 million for the quarter, compared to analyst estimates of $87.18 million. As a group, sell-side analysts anticipate 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 will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 14.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 123.08%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wall Street Zen upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Sunday, March 15th. The Goldman Sachs Group initiated coverage on shares of Goldman Sachs BDC in a research note on Monday, December 15th. They set a “neutral” rating and a $10.50 price target on the stock. Lucid Cap Mkts upgraded shares of Goldman Sachs BDC to a “hold” rating in a report on Monday, December 15th. Truist Financial decreased their price objective on shares of Goldman Sachs BDC from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, March 4th. Finally, Wells Fargo & Company decreased their price target on Goldman Sachs BDC from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Monday, March 2nd. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Goldman Sachs BDC currently has a consensus rating of “Reduce” and an average target price of $9.50.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.