Goldman Sachs BDC, Inc. $GSBD Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 23.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,319 shares of the financial services provider’s stock after selling 14,217 shares during the period. Rockefeller Capital Management L.P.’s holdings in Goldman Sachs BDC were worth $532,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cetera Investment Advisers grew its position in shares of Goldman Sachs BDC by 10.8% in the second quarter. Cetera Investment Advisers now owns 86,052 shares of the financial services provider’s stock valued at $968,000 after purchasing an additional 8,370 shares in the last quarter. Advisors Capital Management LLC grew its holdings in Goldman Sachs BDC by 14.6% in the 2nd quarter. Advisors Capital Management LLC now owns 486,553 shares of the financial services provider’s stock valued at $5,474,000 after buying an additional 61,821 shares in the last quarter. Hibernia Wealth Partners LLC increased its stake in shares of Goldman Sachs BDC by 61.3% in the 2nd quarter. Hibernia Wealth Partners LLC now owns 61,029 shares of the financial services provider’s stock worth $687,000 after acquiring an additional 23,196 shares during the last quarter. Wealth Alliance LLC raised its holdings in shares of Goldman Sachs BDC by 116.0% during the 2nd quarter. Wealth Alliance LLC now owns 43,955 shares of the financial services provider’s stock worth $494,000 after acquiring an additional 23,610 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Goldman Sachs BDC by 48,594.1% during the 2nd quarter. Allworth Financial LP now owns 8,278 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 8,261 shares during the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GSBD has been the topic of a number of analyst reports. Zacks Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Wells Fargo & Company cut their price target on shares of Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Monday, November 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Goldman Sachs BDC in a report on Wednesday. Finally, The Goldman Sachs Group set a $9.75 price objective on Goldman Sachs BDC in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Goldman Sachs BDC presently has a consensus rating of “Sell” and an average target price of $9.38.

Insider Transactions at Goldman Sachs BDC

In other news, CEO Vivek Bantwal bought 22,000 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was bought at an average cost of $11.36 per share, for a total transaction of $249,920.00. Following the acquisition, the chief executive officer directly owned 22,000 shares of the company’s stock, valued at $249,920. The trade was a ? increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.12% of the company’s stock.

Goldman Sachs BDC Price Performance

Goldman Sachs BDC stock opened at $9.92 on Friday. The company’s 50 day simple moving average is $9.98 and its 200-day simple moving average is $10.92. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.50 and a current ratio of 1.50. Goldman Sachs BDC, Inc. has a 1 year low of $9.35 and a 1 year high of $13.44. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 7.87 and a beta of 0.75.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, November 6th. The financial services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm had revenue of $91.60 million during the quarter, compared to the consensus estimate of $88.16 million. Goldman Sachs BDC had a net margin of 36.17% and a return on equity of 13.95%. As a group, equities research analysts expect that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 27th. Investors of record on Wednesday, December 31st will be issued a $0.32 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.28 annualized dividend and a dividend yield of 12.9%. This is a boost from Goldman Sachs BDC’s previous quarterly dividend of $0.04. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 110.34%.

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.