Tower Research Capital LLC TRC Reduces Holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Tower Research Capital LLC TRC lessened its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 32.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,180 shares of the financial services provider’s stock after selling 1,548 shares during the period. Tower Research Capital LLC TRC’s holdings in Goldman Sachs BDC were worth $47,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Evoke Wealth LLC lifted its holdings in Goldman Sachs BDC by 117.9% during the 4th quarter. Evoke Wealth LLC now owns 61,000 shares of the financial services provider’s stock worth $921,000 after purchasing an additional 33,000 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Goldman Sachs BDC by 0.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 143,996 shares of the financial services provider’s stock valued at $2,110,000 after acquiring an additional 882 shares in the last quarter. Cape Investment Advisory Inc. purchased a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at about $58,000. Founders Financial Alliance LLC raised its holdings in shares of Goldman Sachs BDC by 4.2% in the 4th quarter. Founders Financial Alliance LLC now owns 24,315 shares of the financial services provider’s stock valued at $356,000 after acquiring an additional 990 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Goldman Sachs BDC in the 4th quarter valued at about $1,202,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Price Performance

Shares of Goldman Sachs BDC stock traded down $0.23 during trading on Tuesday, hitting $15.54. 397,632 shares of the stock traded hands, compared to its average volume of 582,152. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.14. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 8.63 and a beta of 1.13. The firm’s fifty day moving average is $15.22 and its 200-day moving average is $14.92. Goldman Sachs BDC, Inc. has a 52 week low of $12.75 and a 52 week high of $15.80.

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

Goldman Sachs BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Thursday, March 28th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 11.59%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 100.00%.

Analyst Ratings Changes

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

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.