Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Sold by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC reduced its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 548,630 shares of the financial services provider’s stock after selling 43,992 shares during the period. Goldman Sachs BDC makes up approximately 5.2% of Pursue Wealth Partners LLC’s investment portfolio, making the stock its 3rd biggest position. Pursue Wealth Partners LLC owned 0.50% of Goldman Sachs BDC worth $8,037,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GSBD. AE Wealth Management LLC increased its holdings in shares of Goldman Sachs BDC by 10.4% during the third quarter. AE Wealth Management LLC now owns 22,441 shares of the financial services provider’s stock worth $327,000 after buying an additional 2,111 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Goldman Sachs BDC in the third quarter worth $383,000. Hexagon Capital Partners LLC grew its stake in shares of Goldman Sachs BDC by 5.3% in the third quarter. Hexagon Capital Partners LLC now owns 22,024 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 1,101 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Goldman Sachs BDC by 4.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 30,484 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 1,424 shares during the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of Goldman Sachs BDC in the third quarter worth $171,000. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs BDC Trading Up 1.4 %

GSBD traded up $0.21 during trading on Friday, reaching $15.69. 743,053 shares of the stock traded hands, compared to its average volume of 486,625. The stock’s 50-day moving average is $15.21 and its 200 day moving average is $14.89. Goldman Sachs BDC, Inc. has a 12 month low of $12.75 and a 12 month high of $15.72. The stock has a market capitalization of $1.76 billion, a PE ratio of 8.72 and a beta of 1.13. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.14.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). Goldman Sachs BDC had a net margin of 43.06% and a return on equity of 15.05%. The company had revenue of $115.40 million for the quarter, compared to analyst estimates of $117.09 million. Equities analysts anticipate that Goldman Sachs BDC, Inc. will post 2.18 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Thursday, March 28th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.47%. Goldman Sachs BDC’s dividend payout ratio is presently 100.00%.

Analyst Ratings Changes

Several brokerages recently weighed in on GSBD. StockNews.com raised shares of Goldman Sachs BDC from a “hold” rating to a “buy” rating in a research note on Friday. Wells Fargo & Company upped their price target on shares of Goldman Sachs BDC from $14.50 to $15.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th.

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.