Goldman Sachs BDC, Inc. $GSBD Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 19.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 877,940 shares of the financial services provider’s stock after selling 217,549 shares during the quarter. Invesco Ltd. owned 0.75% of Goldman Sachs BDC worth $10,210,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GSBD. Guggenheim Capital LLC increased its position in shares of Goldman Sachs BDC by 7.1% in the fourth quarter. Guggenheim Capital LLC now owns 35,143 shares of the financial services provider’s stock valued at $425,000 after buying an additional 2,343 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Goldman Sachs BDC by 211.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the financial services provider’s stock valued at $37,000 after buying an additional 2,086 shares in the last quarter. IHT Wealth Management LLC purchased a new position in shares of Goldman Sachs BDC in the fourth quarter valued at $199,000. Oxford Asset Management LLP purchased a new position in shares of Goldman Sachs BDC in the fourth quarter valued at $381,000. Finally, Quarry LP purchased a new position in shares of Goldman Sachs BDC in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Goldman Sachs BDC Trading Up 1.8%

Shares of GSBD stock opened at $11.4350 on Monday. The firm has a 50-day moving average price of $11.49 and a 200 day moving average price of $11.54. Goldman Sachs BDC, Inc. has a twelve month low of $9.51 and a twelve month high of $14.54. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 9.08 and a beta of 0.75. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.19.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results on Thursday, August 7th. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). Goldman Sachs BDC had a net margin of 36.17% and a return on equity of 13.95%. The firm had revenue of $90.97 million during the quarter, compared to analyst estimates of $94.55 million. Research analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be issued a $0.03 dividend. The ex-dividend date is Friday, August 29th. This represents a yield of 1,743.0%. Goldman Sachs BDC’s payout ratio is 101.59%.

Wall Street Analyst Weigh In

GSBD has been the subject of a number of research analyst reports. Zacks Research cut Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research report on Friday, August 15th. Wells Fargo & Company dropped their price objective on Goldman Sachs BDC from $12.00 to $10.00 and set an “underweight” rating for the company in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, Goldman Sachs BDC has a consensus rating of “Sell” and a consensus target price of $10.00.

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.