Cascade Investment Group Inc. Sells 35,757 Shares of Goldman Sachs BDC, Inc. (NYSE:GSBD)

Cascade Investment Group Inc. cut its stake in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 34.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 69,025 shares of the financial services provider's stock after selling 35,757 shares during the period. Cascade Investment Group Inc. owned approximately 0.06% of Goldman Sachs BDC worth $835,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its stake in shares of Goldman Sachs BDC by 4,607.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,024 shares of the financial services provider's stock worth $28,000 after acquiring an additional 1,981 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Goldman Sachs BDC by 149.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 1,275 shares in the last quarter. WFA Asset Management Corp acquired a new stake in Goldman Sachs BDC in the third quarter valued at approximately $33,000. Centaurus Financial Inc. raised its stake in shares of 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 acquiring an additional 1,316 shares in the last quarter. Finally, Principal Street Partners LLC acquired a new stake in shares of Goldman Sachs BDC in the third quarter valued at about $141,000. Hedge funds and other institutional investors own 28.72% of the company's stock.

Goldman Sachs BDC Trading Down 1.1 %

Goldman Sachs BDC stock traded down $0.13 during mid-day trading on Monday, hitting $12.27. 1,091,316 shares of the stock were exchanged, compared to its average volume of 1,108,442. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 17.53 and a beta of 1.06. Goldman Sachs BDC, Inc. has a 12 month low of $11.72 and a 12 month high of $15.94. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The firm's fifty day simple moving average is $12.66 and its two-hundred day simple moving average is $13.64.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. The business had revenue of $110.41 million for the quarter, compared to analysts' expectations of $112.43 million. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. During the same period in the previous year, the business posted $0.64 EPS. Analysts forecast that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current year.

Goldman Sachs BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 14.67%. Goldman Sachs BDC's dividend payout ratio is currently 257.15%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, October 8th.

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.