Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Sold by Creative Planning

Creative Planning lessened its stake in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 11.1% in the third quarter, HoldingsChannel.com reports. The firm owned 464,849 shares of the financial services provider’s stock after selling 58,238 shares during the quarter. Creative Planning’s holdings in Goldman Sachs BDC were worth $6,396,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC increased its holdings in Goldman Sachs BDC by 3.0% in the first quarter. SeaCrest Wealth Management LLC now owns 26,016 shares of the financial services provider’s stock valued at $390,000 after buying an additional 767 shares in the last quarter. Strategic Wealth Partners Ltd. boosted its stake in shares of Goldman Sachs BDC by 6.3% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 16,985 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 1,000 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Goldman Sachs BDC by 11.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 11,500 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 1,146 shares during the period. Centaurus Financial Inc. increased its stake in Goldman Sachs BDC by 15.9% in the 2nd quarter. Centaurus Financial Inc. now owns 9,584 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 1,316 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Goldman Sachs BDC by 11.2% in the 2nd quarter. ProShare Advisors LLC now owns 17,113 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 1,723 shares in the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.

Goldman Sachs BDC Price Performance

Shares of NYSE:GSBD opened at $13.45 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.22 and a current ratio of 1.22. The business’s fifty day moving average price is $13.95 and its two-hundred day moving average price is $14.78. The stock has a market cap of $1.51 billion, a PE ratio of 7.01 and a beta of 1.07. Goldman Sachs BDC, Inc. has a one year low of $13.38 and a one year high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The business had revenue of $108.62 million for the quarter, compared to analyst estimates of $112.07 million. Goldman Sachs BDC had a return on equity of 15.79% and a net margin of 19.84%. On average, analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, September 30th. This represents a $1.80 annualized dividend and a dividend yield of 13.38%. Goldman Sachs BDC’s dividend payout ratio is currently 93.75%.

Analyst Upgrades and Downgrades

A number of analysts have commented on GSBD shares. Wells Fargo & Company upgraded Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $14.00 to $12.00 in a research report on Monday, August 12th. Truist Financial decreased their price objective on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, August 12th. Finally, StockNews.com upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th.

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.