Commonwealth Equity Services LLC Sells 33,195 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Commonwealth Equity Services LLC decreased its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 15.5% in the 1st quarter, Holdings Channel reports. The firm owned 180,905 shares of the financial services provider’s stock after selling 33,195 shares during the period. Commonwealth Equity Services LLC’s holdings in Goldman Sachs BDC were worth $2,710,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GSBD. Sage Rhino Capital LLC increased its position in shares of Goldman Sachs BDC by 3.1% in the first quarter. Sage Rhino Capital LLC now owns 173,823 shares of the financial services provider’s stock valued at $2,604,000 after acquiring an additional 5,253 shares during the period. Essex Financial Services Inc. bought a new position in Goldman Sachs BDC in the first quarter worth $150,000. Olympus Wealth Management LLC bought a new stake in shares of Goldman Sachs BDC during the 1st quarter valued at $481,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Goldman Sachs BDC by 2.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,138,467 shares of the financial services provider’s stock worth $17,054,000 after buying an additional 30,886 shares during the period. Finally, Nicholas Hoffman & Company LLC. lifted its position in Goldman Sachs BDC by 48.5% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 22,816 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 7,452 shares during the period. 28.72% of the stock is owned by institutional investors.

Goldman Sachs BDC Stock Performance

Shares of NYSE GSBD traded down $0.01 during trading on Friday, hitting $15.44. The company had a trading volume of 150,505 shares, compared to its average volume of 607,059. Goldman Sachs BDC, Inc. has a 12 month low of $13.35 and a 12 month high of $15.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $1.73 billion, a P/E ratio of 8.05 and a beta of 1.08. The stock has a 50 day simple moving average of $15.44 and a 200 day simple moving average of $15.23.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). Goldman Sachs BDC had a net margin of 45.80% and a return on equity of 15.68%. The company had revenue of $111.54 million for the quarter, compared to analysts’ expectations of $115.33 million. As a group, analysts anticipate that Goldman Sachs BDC, Inc. will post 2.14 earnings per share for the current year.

Goldman Sachs BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 11.66%. The ex-dividend date is Friday, June 28th. Goldman Sachs BDC’s payout ratio is currently 93.75%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. StockNews.com lowered shares of Goldman Sachs BDC from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Wells Fargo & Company cut Goldman Sachs BDC from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $15.00 to $14.00 in a research report on Wednesday, May 29th.

Goldman Sachs BDC 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.