Mackenzie Financial Corp Sells 33,522 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Mackenzie Financial Corp reduced its stake in Goldman Sachs BDC, Inc. (NYSE:GSBDGet Rating) by 45.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,042 shares of the financial services provider’s stock after selling 33,522 shares during the quarter. Mackenzie Financial Corp’s holdings in Goldman Sachs BDC were worth $690,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Arkadios Wealth Advisors raised its holdings in Goldman Sachs BDC by 23.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 41,517 shares of the financial services provider’s stock worth $697,000 after purchasing an additional 7,897 shares during the period. Kraematon Investment Advisors Inc. raised its holdings in Goldman Sachs BDC by 23.3% in the 2nd quarter. Kraematon Investment Advisors Inc. now owns 97,831 shares of the financial services provider’s stock worth $1,644,000 after purchasing an additional 18,498 shares during the period. Pinnacle Private Wealth LLC raised its holdings in Goldman Sachs BDC by 50.1% in the 2nd quarter. Pinnacle Private Wealth LLC now owns 32,635 shares of the financial services provider’s stock worth $548,000 after purchasing an additional 10,889 shares during the period. Hexagon Capital Partners LLC raised its holdings in Goldman Sachs BDC by 35.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 29,471 shares of the financial services provider’s stock worth $495,000 after purchasing an additional 7,756 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Goldman Sachs BDC by 16.7% in the 1st quarter. Van ECK Associates Corp now owns 1,488,771 shares of the financial services provider’s stock worth $29,195,000 after purchasing an additional 213,162 shares during the period. 28.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GSBD has been the subject of a number of analyst reports. Citigroup cut their price target on Goldman Sachs BDC from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, November 8th. Wells Fargo & Company cut their price target on Goldman Sachs BDC from $17.00 to $14.50 and set an “equal weight” rating for the company in a research note on Monday, October 24th. StockNews.com initiated coverage on Goldman Sachs BDC in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Bank of America initiated coverage on Goldman Sachs BDC in a research note on Monday, September 19th. They issued a “neutral” rating and a $16.50 price target for the company. Finally, Bank Of America (Bofa) initiated coverage on Goldman Sachs BDC in a research note on Monday, September 19th. They issued a “neutral” rating for the company. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.25.

Goldman Sachs BDC Trading Down 1.8 %

Shares of Goldman Sachs BDC stock opened at $15.57 on Friday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 17.69 and a beta of 1.19. The business has a 50-day moving average price of $15.41 and a 200-day moving average price of $16.68. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.36. Goldman Sachs BDC, Inc. has a twelve month low of $14.04 and a twelve month high of $20.60.

Goldman Sachs BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Friday, December 30th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, December 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.56%. Goldman Sachs BDC’s payout ratio is 204.55%.

About Goldman Sachs BDC

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding GSBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs BDC, Inc. (NYSE:GSBDGet Rating).

Institutional Ownership by Quarter for Goldman Sachs BDC (NYSE:GSBD)

Receive News & Ratings for Goldman Sachs BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs BDC and related companies with MarketBeat.com's FREE daily email newsletter.