Goldman Sachs BDC, Inc. (NYSE:GSBD) Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC lessened its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD - Free Report) by 78.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,972 shares of the financial services provider's stock after selling 140,260 shares during the quarter. HB Wealth Management LLC's holdings in Goldman Sachs BDC were worth $459,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp raised its position in shares of Goldman Sachs BDC by 10.4% in the 3rd quarter. Van ECK Associates Corp now owns 2,706,897 shares of the financial services provider's stock worth $36,408,000 after buying an additional 255,458 shares during the period. Marshall Wace LLP purchased a new position in shares of Goldman Sachs BDC in the 2nd quarter worth $18,533,000. Envestnet Asset Management Inc. raised its position in shares of Goldman Sachs BDC by 17.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 523,071 shares of the financial services provider's stock worth $7,862,000 after buying an additional 79,315 shares during the period. Shikiar Asset Management Inc. raised its position in shares of Goldman Sachs BDC by 6.7% in the 4th quarter. Shikiar Asset Management Inc. now owns 450,090 shares of the financial services provider's stock worth $5,446,000 after buying an additional 28,100 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Goldman Sachs BDC by 8.9% in the 2nd quarter. Cetera Investment Advisers now owns 422,010 shares of the financial services provider's stock worth $6,343,000 after buying an additional 34,631 shares during the period. Hedge funds and other institutional investors own 28.72% of the company's stock.

Goldman Sachs BDC Stock Up 2.0 %

NYSE GSBD traded up $0.24 during trading hours on Thursday, hitting $12.58. The company had a trading volume of 906,375 shares, compared to its average volume of 966,041. Goldman Sachs BDC, Inc. has a fifty-two week low of $11.72 and a fifty-two week high of $15.94. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 17.98 and a beta of 1.06. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. The firm's 50 day moving average is $12.63 and its 200 day moving average is $13.58.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. The firm had revenue of $110.41 million during the quarter, compared to the consensus estimate of $112.43 million. During the same period in the prior year, the firm earned $0.64 EPS. Sell-side analysts anticipate that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 14.30%. Goldman Sachs BDC's dividend payout ratio is presently 257.15%.

Analysts Set New Price Targets

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.