Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its position in shares of Goldman Sachs BDC, Inc. (NYSE:GSBDGet Rating) by 33.5% during the third quarter, HoldingsChannel reports. The fund owned 238,191 shares of the financial services provider’s stock after selling 120,096 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Goldman Sachs BDC were worth $3,442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in GSBD. BlackRock Inc. increased its stake in shares of Goldman Sachs BDC by 139.2% during the first quarter. BlackRock Inc. now owns 676,501 shares of the financial services provider’s stock worth $13,266,000 after acquiring an additional 393,739 shares during the period. Azimuth Capital Investment Management LLC acquired a new position in Goldman Sachs BDC during the second quarter worth about $4,445,000. HB Wealth Management LLC grew its position in Goldman Sachs BDC by 430.7% during the third quarter. HB Wealth Management LLC now owns 122,591 shares of the financial services provider’s stock worth $1,771,000 after buying an additional 99,491 shares during the period. Centaurus Financial Inc. grew its position in Goldman Sachs BDC by 343.9% during the first quarter. Centaurus Financial Inc. now owns 97,263 shares of the financial services provider’s stock worth $1,907,000 after buying an additional 75,350 shares during the period. Finally, Muzinich & Co. Inc. grew its position in Goldman Sachs BDC by 15.3% during the first quarter. Muzinich & Co. Inc. now owns 420,250 shares of the financial services provider’s stock worth $8,242,000 after buying an additional 55,788 shares during the period. 28.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GSBD. Citigroup lowered their target price on shares of Goldman Sachs BDC from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 8th. Bank Of America (Bofa) began coverage on shares of Goldman Sachs BDC in a research report on Monday, September 19th. They set a “neutral” rating on the stock. Wells Fargo & Company lowered their target price on shares of Goldman Sachs BDC from $17.00 to $14.50 and set an “equal weight” rating on the stock in a research report on Monday, October 24th. StockNews.com initiated coverage on shares of Goldman Sachs BDC in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Bank of America initiated coverage on shares of Goldman Sachs BDC in a research report on Monday, September 19th. They issued a “neutral” rating and a $16.50 price target on the stock. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.25.

Goldman Sachs BDC Trading Down 0.4 %

Shares of Goldman Sachs BDC stock opened at $14.86 on Friday. Goldman Sachs BDC, Inc. has a fifty-two week low of $13.54 and a fifty-two week high of $20.60. The business’s fifty day moving average is $14.91 and its two-hundred day moving average is $15.89. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.36. The firm has a market cap of $1.53 billion, a PE ratio of 16.89 and a beta of 1.18.

Goldman Sachs BDC (NYSE:GSBDGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The financial services provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. The business had revenue of $95.22 million during the quarter, compared to the consensus estimate of $85.56 million. Goldman Sachs BDC had a return on equity of 12.96% and a net margin of 26.97%. Analysts anticipate that Goldman Sachs BDC, Inc. will post 2.13 earnings per share for the current year.

Goldman Sachs BDC Announces Dividend

The firm 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 $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.11%. The ex-dividend date of this dividend is Thursday, December 29th. Goldman Sachs BDC’s dividend payout ratio is currently 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.

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

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